The company will assist two staff consortiums to buy 20% of its shares at the current market value.
In this World Wide Wrap: BofA and Visa to test smartphone payments, Buffett bets on banking tech, and Kenyan banks upgrade security.
As part of its software and services strategy, tech giant Intel has acquired IT security company McAfee.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The company expects revenue to be under pressure for the next few years, which it will aim to combat by driving mobile money and data offerings.
The company is seeing improved growth as it progresses towards being bought out by Japan-based NTT.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
In today's technology roundup: Wikileaks encryption use offers 'legal challenge', HP rings up Hurd's final quarter, Facebook Places takes aim at Google, and IBM kicks off UK apprentice scheme.
The company will purchase all McAfee's common stock at $48 per share in cash, for approximately $7.68 billion.
In this World Wide Wrap: Cloud has another decade to mature, Verizon achieves cloud compliance, and firm to extend cloud to SMEs.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
In this World Wide Wrap: Indian BPM revenue to grow, Vitra introduces new BPM suit, and Singular avails new automation application.
The cellular company may use some of the R29 billion it has in the bank to buy out other companies.
The cellular giant expects to add almost two million subscribers to its South African network this year.