Convergence Partners has agreed to buy South African IT services group Datacentrix from Alviva Holdings.
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Technology group Alviva Holdings will be delisted from the JSE on 7 March after a take-private deal was approved by shareholders at a meeting on Friday.
Pinnacle CEO Tim Humphreys-Davies tells the TechCentral Show that the worst of the supply-chain challenges that afflicted the global tech industry is largely over.
Alviva Holdings has received a binding offer from a consortium to buy out the business, which, if approved, will see its JSE listing terminated.
Alviva Holdings’ latest financial results show a group firing on all cylinders. But can the party last? Executives Pierre Spies and Craig Brunsden are in-studio.
Alviva Holdings has hiked its dividend by 90% after reporting a strong full-year financial performance, boosted by the acquisition of Tarsus.
Shares in Alviva Holdings leapt higher on Thursday after the group received an offer from a black-led consortium to buy it out.
Alviva Holdings’ headline earnings per share will more than double in the six-month period ended 31 December 2021, with all division delivering.
MTN Group had a barnstorming 2021. The telecommunications group, despite its size, was the best performer among technology shares in South Africa last year.
Alviva has reported a 1% improvement in full-year revenue, though the number would have been “substantially” higher if it wasn’t for global shortages in semiconductors.