Jan 15, 2014
Datatec has announced that Rob Evans, the group’s chief financial officer (CFO), will become group operations director (OD) with effect from 1 June 2014. He will be succeeded by Jurgens Myburgh, who will be joining the group as CFO designate on 1 May 2014. The...
Oct 16, 2013
Datatec has shown a slight improvement in revenues in its latest half-year results, blaming the poor performance of its Westcon North American operations and, in particular, problems that business has had implementing a new ERP system for its mediocre results. The...
Jul 17, 2013
Datatec’s interim results indicate that overall group revenues and EBITDA for the period 1 March to 30 June 2013 will be similar to the corresponding period last year, but that underlying earnings and headline earnings per share are slightly lower. However, it adds,...
Jun 3, 2013
The acquisition of Comztek by Datatec concluded on 31 May, with all conditions being fulfilled. The cash portion of the R88-million total consideration was settled by the payment of R48-million in cash, funded from new loan finance (R27,4-million to Mustek; and...
May 15, 2013
Datatec has posted a revenue increase of 4% for the year ended 28 February 2013, to $5,25-billion from $5,03-billion in 2012. EBITDA was $185,5-million (2012: $190,2-million) and cash generated from operations increased to $316,8-million (2012: $102,8-million)....
