Alviva Holdings’ headline earnings per share will more than double in the six-month period ended 31 December 2021, with all division delivering.
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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.
Shares in Alviva Holdings jumped more than 18% in intraday trading on Thursday morning after the ICT distribution group said full-year earnings per share are likely to nearly double.
Alviva Holdings has secured the regulatory go-ahead for its R185-million acquisition of rival Tarsus Technology Group.
Technology group Alviva Holdings reported a 17% improvement in headline earnings per share in the six months ended 31 December 2020 but warned of further uncertainty ahead.
Tarsus Technology Group, the ICT distributor that is currently the subject of a takeover bid by Alviva Technology Holdings – the parent of Axiz and Pinnacle – has appointed Anton Herbst as its new CEO.
Tarsus Technology Group CEO Miles Crisp and financial director Joanne Tanner are stepping from the technology distribution company amid a R185-million takeover bid by JSE-listed Alviva Holdings.
Technology group Alviva Holdings said on Thursday that it has agreed to buy rival Tarsus Technology Group for a maximum consideration of R185.4-million in cash.
Five hours after TechCentral broke the news on Tuesday morning that JSE-listed Alviva Holdings is in talks to buy rival Tarsus, the company has confirmed a deal is in the offing.