The fixed-line operator could see its profits wiped out if it loses in court next February, straining its already unflattering financial situation.
The company will forego its JSE listing at the end of next month if a buyout deal goes through.
In this World Wide Wrap: Bank refunds EUR3m for ATM glitch, OCBC offers banking apps on iPad, and Malaysia bank adopts telepresence.
The company still has eight million customers to register before the December cut-off.
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.
Vodacom's service revenue suffers, as lower mobile termination rates cost the operator nearly R400 million this quarter.
The company is in discussions with another empowerment partner in a bid to boost its BEE rating.
The bank has deployed Microgen Interlink to allow it to report on and utilise the relevant investment portfolios for clients.
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 a baffling move, the company shifts its focus away from ICT and enters the gold-processing sector.
The R170.9 million that Pinnacle is paying to buy out Axiz will benefit staff, who all own shares in the company.
Pinnacle Technology Holdings has made an offer to purchase 100% of the shares in Axiz Technology.
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
The R170.9 million Pinnacle/Axiz merger creates the largest channel entity in SA.
SAP's purchase of Sybase has yet to be finalised as the deal hinges on approval from the European Commission.
Communications minister Siphiwe Nyanda will now have three official complaints against him sent to the public protector for investigation.