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technology ContinuitySA in R9.8m upgrade Services Metrofile Heps up at least 20% Telecoms YeboYethu starts trading banking Barclays Africa sees...

February 5, 2014

technology ContinuitySA in R9.8m upgrade Services Metrofile Heps up at least 20% Telecoms YeboYethu starts trading banking Barclays Africa sees profit lift ContinuitySA had completed a R9.8 million upgrade to its information technology (IT) systems and infrastructure to service customer demand for efficient IT operations, the business recovery provider said yesterday. The investment was focused on IT replication, IT back-up and recovery, and work-area recovery. Mark Beverley , ContinuitySA's general manager for service delivery, said: "There is less tolerance of IT downtime, which is a mark of its importance." ContinuitySA has one of the largest recovery facilities in southern Africa at its 2 000m2 facility in Midrand, Gauteng. It also owns smaller sites. - Asha Speckman Metrofile expected headline earnings per share (Heps) to rise by between 20 percent and 24 percent to between 14.5c and 15c in the six months to December last year, the records management company said yesterday. Metrofile , which manages more than 21 billion records, was unable to forecast interim earnings a share, but said they were expected to be more than 30 percent higher than a year earlier. Metrofile shares jumped 3.6 percent to close at the day's high of R4.89. - Asha Speckman More than 49 000 Vodacom YeboYethu shares worth about R2.25 million had changed hands when the empowerment scheme launched over-the-counter trading on Monday, Vodacom said yesterday. The market opened at R50 a share, peaked at R56 and closed at R40.26 at 9pm . Yesterday shares were trading at R41.12 by 2.55pm . O Monday 490 shareholders managed to sell shares, for a total volume of 49 663. "The trading platform performed very well on the first day. We partnered with Equity Express, who handle high-volume accounts for 14 other major BEE schemes," Vodacom said. - Asha Speckman Full-year earnings at Barclays Africa Group would probably increase as much as 20 percent after the group expanded into the rest of the continent, it said yesterday. The former Absa Group bought the operations of UK bank Barclays in eight African countries in July last year for R18.3 billion. Earnings a share for last year were "expected to be 19 percent to 20 percent higher than the pro forma of R11.80 for the prior year", it said. Headline earnings would rise by between 13 percent and 14 percent. Barclays Africa shares fell 0.83 percent to end at R125 yesterday. - Bloomberg Pretoria News


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Source: Pretoria News (South Africa)


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