VMware reports second quarter results

VMware has announced financial results for the second quarter of 2016. GAAP and non-GAAP revenues for the second quarter were $1,69-billion, an increase of 6% from non-GAAP revenues for the second quarter of 2015, and an increase of 11% from GAAP revenues for the...

Interim statement from Datatec

Datatec has published an Interim Management Statement (IMS) covering the period from 1 March 2016 to 30 June 2016. The Group has had a sound trading start to the year, with improved gross margins, in a tough global macro environment marked by continuing volatility in...

Veeam reports record Q2 results

Veeam Software has announced a 38% year-over-year (YoY) growth in total bookings revenue for Q2 2016. Growth in quarter-over-quarter (QoQ) total bookings revenue was even higher, 40 percent, further indicating Veeam’s 1H’2016 success in delivering...

MTN, CWU agree on salary increases

Following months of protracted negotiations, MTN and the Communications Workers Union (CWU) have signed a new salary agreement that paves the way for more stability at the workplace. The signing of this agreement comes in the backdrop of a recognition agreement that...

Vantage Capital adds R200m to New GX funds

Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has provided a R200-million ($13,7-million) expansion capital facility to New GX Capital, a 100% black and family owned investment company. The funds will be used to finance...

WDB, Grovest take stakes in Seed Engine

WDB Investment Holdings (WDB) has taken a 30% stake in Seed Engine, while venture capital company  Grovest has also taken a 27,5% stake in the organisation, which incorporates Seed Academy. Faith Khanyile, CEO of WDB, says its investment brings together a common...