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ISSUE NO 67 ON THE MONEY

TELKOM SA ANNOUNCES RESULTS

Telkom, the South African full service telecommunications provider with an exclusive wire-line licence, and which also has a 50% holding in the country’s largest mobile operator, Vodacom, announces a significant increase in Group revenues and EBITDA for the year ended 31 March and major progress in its ongoing efficiency progamme. Highlights include: Group revenue up by 15% to R32.0 billion; company revenue per line up 22% to R5,335 and group operating costs increased by 14% to R27.3 billion.

DIDATA SHARE PRICE CRASHES

South Africas IT giant, Dimension Data (Didata), took a hammering on the financial markets on, as fear set in about the company’s prospects in the face of a global recession.

http://commtech.b2bafrica.com/industry_news/468829.htm

GIJIMA EYES STAKE IN NIGERIA’S NITEL

South African black-owned IT group Gijima Technologies is one of 16 groups bidding for a 51% stake in Nigeria’s State-run fixed-line utility NITEL (Via The Big Change http://commtech.b2bafrica.com/industry_news/473028.htm )

COMPAREX BUCKS THE TREND

Amid the gloom pervading the information technology sector, it will come as a pleasant surprise to many that an IT group, Comparex, has qualified as the first SA Top Company in the FM’s flagship Top Companies 2001 publication.

(Via The Big Change http://www.fm.co.za/01/0629/invest/ainvest.htm )

GLOTEC MAKES TWO NEW ACQUISITIONS

Global Technology (Glotec) has acquired Investment Technology Solutions (ITS) and the minority shareholdings in Capacity Building Services (CBS) and Xpert Risk Management. Glotec acquired 51% shareholdings in both CBS and Xpert in November 1998.The new minority buyouts will be settled with Glotec shares at a purchase consideration of R5 million each.

(source: http://www.itweb.co.za/sections/financial/2001/0106291333.asp )

WOZA - THE STORY’S NOT YET FINISHED

It’s been a month since news portal Woza closed down but founder Kevin Davie says there is still hope for online publications.

[http://www.itweb.co.za/sections/internet/2001/0106271156.asp]

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