Mustek leaps higher on delisting news
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
Westcon swaps empowerment partners
JSE-listed multinational IT group Datatec has sold 26% of its SA distribution business, Westcon SA, to the Mineworkers Investment Company for R28m.
Mustek associate lands R1bn Nigeria deal
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
Mustek rejects Datatec offer
Mustek has rejected a R101m offer from Datatec for distribution business Comztek, in which it holds a 41,8% stake. Datatec first announced its offer to buy Comztek at the beginning of September, offering R97m in its initial bid
Datatec turns to acquisitions
Multinational IT group Datatec has continued to improve its performance in line with a recovery in the global economy, boosting revenue in the first half of its financial year by 19%, to US$2,13bn. However, CEO Jens Montanana says the group is looking
Datatec acquires Singapore’s Touchbase
Datatec subsidiary Logicalis has acquired Singapore-based unified communications business Touchbase for an undisclosed amount. JSE- and London-listed Datatec says Touchbase has annual revenues of around US$8m. Touchbase will be integrated into Logicalis’s Singapore operation.
Datatec boosts presence in security market
JSE- and London-listed IT group Datatec has acquired security distributor Biodata IT for an undisclosed amount. The group plans to merge Biodata IT with its Westcon business in line with its strategy boost its presence in the IT security market.
Datatec makes R97m play for Comztek
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.
Cheap broadband to drive hardware sales
Computer assembler and technology distributor Mustek says dramatic price cuts in broadband, coupled with investments in telecommunications infrastructure, will lead to an improvement in the sales of PCs and monitors and other IT hardware in SA. The company, which published its annual results to 30 June 2010 on Monday, says rapid improvements in local telecoms have resulted in SA’s bandwidth almost reaching “parity with the rest of the world”.
Netbooks, Windows 7 brighten outlook for PC sales
The market for personal computers is “returning to a state of health”, says JSE-listed computer assembler and technology distributor Mustek. In notes accompanying its interim results for the six months to 31 December 2009, the company says growth predictions for the SA market are “finally positive”, with strong growth in notebook sales predicted. Sales of [...]
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