Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Eskom targets 32GW green energy shift by 2040

      16 July 2025

      MTN Group appoints new chief enterprise officer

      16 July 2025

      Kruger Park’s white rhinos get a hi-tech lifeline

      16 July 2025

      South Africa loosens media ownership rules – but keeps one hand on the remote

      16 July 2025

      The real cost of a cashless economy

      16 July 2025
    • World

      Grok 4 arrives with bold claims and fresh controversy

      10 July 2025

      Samsung’s bet on folding phones faces major test

      10 July 2025

      Bitcoin pushes higher into record territory

      10 July 2025

      OpenAI to launch web browser in direct challenge to Google Chrome

      10 July 2025

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025
    • In-depth

      The 1940s visionary who imagined the Information Age

      14 July 2025

      MultiChoice is working on a wholesale overhaul of DStv

      10 July 2025

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025
    • TCS

      TCS+ | Samsung unveils significant new safety feature for Galaxy A-series phones

      16 July 2025

      TCS+ | MVNX on the opportunities in South Africa’s booming MVNO market

      11 July 2025

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025
    • Opinion

      A smarter approach to digital transformation in ICT distribution

      15 July 2025

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » Investment » Mustek says looting, arson impact capped at R20-million

    Mustek says looting, arson impact capped at R20-million

    By Agency Staff16 July 2021
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Fire tore through Mustek’s office building after it was ransacked and set alight by a violent mob

    IT distributor and PC assembler Mustek said on Friday that the financial losses associated with the ransacking of and arson at its Durban office will not exceed R20-million.

    TechCentral reported on Tuesday that criminals had breached security at the Redlyn Business Park in River Horse Valley, north of the city, and the offices were trashed, looted and torched.

    “Shareholders are advised that Mustek’s branch in KwaZulu-Natal has been significantly damaged as a result of being looted and then set on fire,” Mustek said in a statement issued via the JSE.

    The group is assessing the damage caused to its branch and total losses to inventory and equipment is not expected to exceed R20-million

    “The group is assessing the damage caused to its branch and total losses to inventory and equipment is not expected to exceed R20-million. The loss of profit due to business interruption will be quantified in due course.”

    Mustek said it has the “appropriate insurance cover and has notified its insurers accordingly”.

    “Temporary warehouse space has been secured and the group expects the branch to reopen as soon as
    it is safe and practical to do so.”

    Priority

    It added that its priority remains the well-being and safety of its employees, customers and assets. “Trade continues as normal in the rest of the group’s operations.”

    Telkom, meanwhile, said some of its stores and a warehouse operated by subsidiary BCX were impacted by the violence.

    “Although the financial impact of the destruction to property and disruption of Telkom operations, suppliers and business partners is still being collated, Telkom is on course with recovery of operations impacted by the mass action in the past week,” it said.

    “Telkom prioritises the integrity of the network and has continued with network operations where it was safe to do so. To protect employees, technicians have not been despatched to certain areas, and we continue to monitor the situation to ensure employee safety. This has resulted in an increase in the number of incidents and length of time that we are attending to incidents and the total number of incidents to be attended.”

    An attack on warehouse at the Durban port, meanwhile, affected BCX and is “likely to negatively impact delivery times of hardware”. In the retail business, Telkom has begun work on rehabilitated stores damaged by the rampaging mobs. — (c) 2021 NewsCentral Media



    BCX Mustek Telkom top
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleHuge Group forced to retract another Adapt IT video
    Next Article SABC to broadcast CAF final after ministers intervene

    Related Posts

    South Africa’s telcos battle to monetise 5G as 4G suffices for most

    15 July 2025

    Huawei supercharges South African SMEs with over 20 new eKit products

    9 July 2025

    Huawei South Africa Connect 2025 showcases pathways to industrial transformation

    6 July 2025
    Company News

    Ransomware in South Africa: the human factor behind the growing crisis

    16 July 2025

    Mental wellness at scale: how Mac fuels October Health’s mission

    15 July 2025

    Banking on LEO: Q-KON transforms financial services connectivity

    14 July 2025
    Opinion

    A smarter approach to digital transformation in ICT distribution

    15 July 2025

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.