Black empowerment group takes 26% stake in Digicore
[Iain Scott] Black empowerment group Pamodzi Investment Holdings has acquired 26% of Digicore, the JSE-listed vehicle tracking and fleet management products supplier, for an undisclosed sum.
The market value of the 56 million shares acquired by Pamodzi is about R24.1 million, based on Wednesday`s share price close of 43c.
Digicore MD Nick Vlok says that with Pamodzi as its partner, the company will be in a better position to grow its business in both the corporate and public sectors.
Lectrolite harnesses Lotus functionality through training
Motor components manufacturer, Lectrolite, a member of the Imperial Group of companies, recently upgraded from Lotus Version 5 to Lotus Millennium. Lectrolite users have been trained on the news software by I-Fusion Training.
Reuters reports that researchers at the Massachusetts Institute of Technology and Nissan are working closely to develop a smart car that will help drivers avoid causing accidents.
DaimlerChrysler in multi-million rand SAP implementation
debis IT Services Southern Africa, together with DaimlerChrysler, has completed phase one of a project called "Invision" to implement SAP R/3 for DaimlerChrysler South Africa. The project has a multi-million rand budget with the debis portion valued at more than R20 million.
Siemens security products to find ready market in violent SA
A package of "intelligent" security services from Siemens, based on a combination of GSM and GPS technology and operable off the existing GSM network, will be showcased at the Tel.Com exhibition in Midrand from 20 to 22 April.
Land Rover SA has gone live with a major IT project involving a move to an integrated SAP R/3 software solution designed to allow business volume growth.
File transfer key to BMW`s success with JIT manufacture
Integrity of file transfer between its suppliers and parent company in Germany is vital to BMW South Africa as the company gears up for Just-in-Time (JIT) parts supply to meet the demands of export production.