Johannesburg - Listed South African IT group Datatec on Monday said it expects to report headline earnings per share of between 15 US cents and 16 US cents for its half-year compared to 12 US cents in 2005.
Earnings per share for the six months ended August 31 are expected to be between 15 US cents and 16 US cents compared to 10 US cents previously.
The group said in a trading statement that it had a strong overall financial performance during the six months to August 31 improving on previously reported interim results.
"This was driven by strong increases in revenues, improved margins and tightly controlled operating costs," it said.
Datatec is due to release its half-year earnings on November 1. - I-Net Bridge There has been a lot written about the pros and cons of Chinese involvement in Africa.[ ] The news last week that Wits professor David Block had led a team of international astronomers and had made the biggest discovery about the Andromeda spiral galaxy, the closest galaxy to our own, gave me a bit of a fillip.[ ] When I read about the glorification of arms manufacturers and their rise and rise in a world run by the military-industrial complex of the US, it does make me see red.[ ] Johannesburg - To cut the number of unemployed by 50 percent by 2014, South Africa would require an aggressive programme that increases the rate of economic and labour-intensive employment growth.[ ] The discrepancies between the funds given to the various so-called chapter nine institutions are to be part of the inquiries made by parliament's ad hoc committee, which was established to review the organisations. The legal framework under which the commissions operate will also be assessed.[ ] A R3.
8 billion investment for additional container handling capacity at the Durban port is unlikely to placate shipping lines, which are ready to re-impose a congestion surcharge of $50 (R375) on every 20-foot container moving through the harbour.
[ ] An initial forecast is that the Two Rivers platinum mine in Mpumalanga could take up to nine months to get back on track following two strikes in August and September.[ ] Growthpoint, the largest JSE-listed property holding and investment company with property assets exceeding R15 billion, has made a mandatory offer to acquire all the linked units in listed Paramount Property Fund.
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