Datatec holds onto interim dividend but expects benefits from Covid-19

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

South Africa Headlines News

Earnings were under pressure in the group's six months to end-August, partly due to a weaker rand and Brazilian real

Technology group Datatec, which operates in more than 50 countries, has opted to hold onto its interim dividend due to a muted earnings performance, but is upbeat regarding demand for ICT services due to the Covid-19 pandemic.

There had been strong demand for networked cloud computing, remote access solutions for home working and virtual office environments, the group said. Given the earnings performance, the group has opted not to pay an interim dividend. The group had not paid an interim dividend previously, although it had paid a $15.4m special dividend following the disposal of one of its businesses.

Although some delays and supply disruptions were experienced, especially in countries with highly restrictive lockdowns, the business operations coped very well and performed ahead of the expectations set at the start of 2020, the statement reads.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good day, Angor socalled Property Specialists taking me to High Court 4 speaking out that they DEFRAUDED 93 Sectional Title Scheme units (meaning FAMILIES) of Special Levies meant for a R1.9 million debt to the City of Joburg‼️Herein are Statements..Were they paying or not guys?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 LIVE UPDATES | Fort Hare university confirms 125 Covid-19 casesCoronavirus live updates.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Hawks to make COVID-19 corruption related arrestsThe Hawks says it expects to make arrests in connection with COVID-19 corruption by Thursday. Hopefully ndabeni abrahams and husband Anybody who bought a Porche during March and now is running for cover... 😂😂 Why announce? why not just go and arrest ANC crooks? Are Hawks being used as colorful clowns by ANC faction?
Source: eNCA - 🏆 49. / 51 Read more »

Second wave of Covid-19 ’inevitable’ SA’s top scientist predictsSouth Africa’s top infectious diseases scientist said with the easing of lockdown regulations, people had become complacent, and were tired of wearing masks and social distancing The only country that will get this in high summer - odd that Ag kak man.
Source: IOL - 🏆 46. / 51 Read more »

Western Cape sees 42% increase in COVID-19 casesThe Health Minister sounds the alarm over rising COVID-19 infections. Of particular concern, is the Western Cape. Level 5 usikrobile ephondweni Ah ah ah Aowa🙆🏽‍♀️ That’s great. Everyone get covid but what is the recovery rate? 90% this means that more people are getting milder symptoms and not the full blown covid. Report correctly!!!!!!!!
Source: eNCA - 🏆 49. / 51 Read more »

Mkhize concerned by 42% spike in Covid-19 cases in CapeSouth Africa faces a high risk of resurging coronavirus infections that may lead to a review by the council deciding on lockdowns, after new cases rose by 42% in Western Cape province in the last two weeks, Health Minister Zweli Mkhize said. How many patients died in the last 24 - 48 hours? The answer is 0. They are just itching to lock us down again for nothing. This man's is meant to be isolation yet his chopping to the media. Tats you are causing problems for us. Its literally already on its way down again he's lying/manipulating the data. That was because of an outbreak and a increase in testing that is directly proportional to the rise in cases. Average deaths in WC are now 4. eNCA SABCNews News24 stop reporting propaganda
Source: IOL - 🏆 46. / 51 Read more »

COVID-19: South Africa records 85 new deathsSouth Africa's recoveries currently stand at 641,706. Maaka🤣😂🏃🏿‍♂️🤭 Ekseni soh? It’s getting serious
Source: eNCA - 🏆 49. / 51 Read more »