The shift will happen at shareholder level and will not affect the company's operations, says Vox.
The company sets aside money in case customers need extra time to pay for its services.
The company has a strategy to grow revenue, it says.
The agency sources additional funding for its upgrade project, ensuring e-tolling is a reality by 2010.
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 narrowed its losses in the past six months.
In this World Wide Wrap: Poor passwords drive online banking fraud, IBM ups focus on banking data, and Bridge Bank selects Sierra for FX trading.
In this World Wide Wrap: Emptoris looks for new CEO, IntraLinks drives contract management, and MSFL deploys contact management.
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
Despite a foreign exchange loss, the company says it has not been a bad year.
In this World Wide Wrap: Nokia Siemens Networks gets new CEO, CA chief to retire, and Fujitsu slashes UK jobs.
While MTN applies for funding, government denounces support claims.
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 technology for the Presidential Hotline was not the bulk of the expense, says SITA.
The company holds up in the downturn thanks to annuity-based revenue.
AltX-listed technology stocks bear the brunt of cautious investing during the recession.