On The Money - In Brief

Mergers, Acquisitions and Financial Results

- A continuing lack of demand for technology services has seen Datatec suffer an attributable loss of USD11m, despite concerted efforts to curb its costs and adapt its offerings to meet what little customer interest there is.

Results for the six months ended August 31 show that its revenue of USD1.1bn has risen 10% from USD1bn, but its loss has deepened from an attributable loss of USD5.7m.Its headline earnings a share in rand terms came in at a break-even 1c, downfrom 12,5c a year ago, but vastly better than the 80c loss of the previous six month period.