Mustek has reported a 5.7% increase in full-year headline earnings per share and an impressive 30.7% improvement in net cash generated from operations, though slow spending by government has put pressure
Browsing: David Kan
In the latest episode of the TechCentral podcast, Duncan McLeod chats to a pioneer of the PC industry in South Africa, Mustek founder and CEO David Kan, about 30 years in business. Listen to to the podcast to hear
A massive fire on Wednesday at a factory in Wuxi, China owned by Korea’s SK Hynix could send flash memory and random-access memory (RAM) prices soaring. Hynix is the world’s second largest memory manufacturer. According to early reports on Chinese technology news websites and blogs, the fire has
The rand nose-dived against major foreign currencies on Monday hitting a new three-and-a-half year low of R8,97/US$, before recovering slightly. The slide means gadgets and computers are about to get a lot more expensive, though not necessary
This week’s sharp fall in the value of the rand against major currencies is bad news for gadget-loving South Africans and the technology companies that import hi-tech gear and computer equipment. The currency’s fall may also reduce the
A new tax on imported monitors has the computer industry increasingly incensed and they want action from authorities to remedy the situation, which they say is harming the technology sector. In April, a 7% ad valorem tax, which
Mustek has pulled the plug on a plan to delist from the JSE. A consortium led by CEO David Kan and the Trinitas Private Equity Fund had wanted to execute a management buy-out of the technology company and take it private. Kan says during the preparations
PC assembly and technology distribution company Mustek has surprised markets with its decision, announced on Wednesday, to delist from the JSE after 13 years on the local bourse. However, CEO David Kan tells TechCentral
Nigerian company Zinox Technologies, in which JSE-listed Mustek has a 12% stake, has landed a deal worth R1bn for voter registration machines. Zinox must supply 132 000 machines to Nigeria’s Independent National Electoral Commission
In a bid to strengthen its own distribution business, London- and Johannesburg-listed IT group Datatec is making a play for local distribution business Comztek. Datatec says it has made a R97m offer to Comztek’s shareholders for 100% of the business. According to Datatec’s statement, part of the offer will be paid in cash and the rest in new Datatec shares.