Government needs to stop hindering the ICT community and become an economic enabler before it's too late.
DigiCore shares close 14% higher after Novatel makes a firm R1?billion offer to buy out the company.
Broadband provider Novatel offers R1?billion to buy out South African vehicle tracking company DigiCore.
A positive reversal in its pre-tax position sees DigiCore stock climb 7.14%.
The telematics business says Africa offers more exciting growth opportunities than what is available locally.
The group grows revenue in Europe, but tough economic conditions lead to a loss.
The Ctrack On-the-Road navigation system is based on Android and uses a colour touch-screen to enhance the driver experience.
Results of initiatives taken to improve the business environment should start to be seen in the next six months.
The group did not respond fast enough to deteriorating market conditions in the region.
A prominent businessman and DigiCore director Nhlanhla Gasa was stabbed to death in KwaZulu-Natal this week.
The group will bed down its new businesses over the next year, in a bid to better manage cash flow.
About 3 000 minibus taxis in KwaZulu-Natal will be kitted out with an electronic fare collection system.