JSE-listed computer assembler and technology distributor Mustek has sold its 41,8% stake in distributor Comztek to another JSE-listed IT company, Datatec, for R39,4m in cash and shares. Comztek’s only other major shareholder, its MD Paul Conradie – who also holds 41,8% of the equity
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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
Rand volatility will hit Mustek’s earnings in the financial year ended 30 June 2012, the computer assembler and technology distributor told shareholders on Friday. For the year, Mustek’s headline earnings per share are expected to be between 15% and 25% lower than the headline earnings of 89,39c in the previous year. Basic
The battle for the tablet computer market became much more intense on Monday, with Microsoft breaking with its past approaches and announcing it was developing its own line of tablets, to be called Surface. The company offered a preview of a pair of tablets that it intends manufacturing itself
Johannesburg-based radio station Kaya FM has overhauled its outside broadcasting facilities and moved from physical mixing desks and other large and cumbersome interfaces to virtual ones that run on tablet computers. Its new system runs on Mecer Xpress Windows-based slates from Mustek
Foreign exchange losses are set to depress Mustek’s earnings in the six months to 31 December 2012, despite a more than 20% increase in sales in the period compared to a year ago. The JSE-listed technology distributor expects headline earnings per share to be between 55% and 65% lower than headline earnings of 36,2cc/share a year
The department of education has begun appointing its first accredited suppliers as part of its teacher laptop initiative to get computers into the hands of all of the country’s teachers. On Thursday, JSE-listed computer company Mustek said it had been given the nod
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