Pinnacle offers to buy, delist Datacentrix

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Technology group Pinnacle Holdings has made an offer to buy out minority shareholders in Datacentrix and, if successful, plans to delist the IT services company from the JSE. Pinnacle told shareholders in a notice published on the JSE’s

Altron leaps higher on earnings update

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Altron’s share price leapt higher on Friday on news that the long-troubled JSE-listed technology and industrial group is set to report a swing to profitability in the six months to end-August 2016. Headline earnings per share for total

DA files papers to have Hlaudi booted

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The Democratic Alliance has filed papers in the Western Cape high court to have former SABC chief operating officer Hlaudi Motsoeneng’s appointment as group executive of corporate affairs declared invalid. In its application, the

Cape Town’s VRCade to open in Jo’burg

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The team behind a popular virtual reality arcade at Cape Town’s Victoria & Alfred Waterfront is now planning to bring the concept to Johannesburg. Founder Zach Joubert, an advocate and member of the Cape

Goldman Sachs warns over ANC turmoil

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Divisions within the ANC are deepening and a potential downgrade of South Africa’s debt rating to junk isn’t fully priced in by markets, according to Goldman Sachs Group. The rand slumped as much as 4,3% against the dollar on

Tough times hit Ericsson

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Ericsson said earnings missed estimates last quarter amid waning demand for wireless network equipment, a further setback for the Swedish manufacturer struggling to reverse plunging sales and reduce costs. Revenue dropped

SABC board not welcome back here: ANC MP

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The remaining members of the SABC board will not win the fight to cling to their positions, an ANC MP has said. This after the board members were sent letters by parliament’s communications committee asking them to resign and

Afrihost lifts lid on FTTH prices

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Afrihost said on Tuesday that it is entering the fibre-to-the-home market using the infrastructure deployed by Vumatel, Telkom’s Openserve and TT Connect, a fibre provider on Johannesburg’s East Rand. Now, the company has

Sars in big IT upgrade

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The South African Revenue Service says its tax and customs offices will close at 5pm on Friday due to a substantial IT system upgrade and maintenance. To minimise disruptions on the day, Sars said its employees