iOCO in first M&A in eight years as it boosts profit

iOCO in first M&A in eight years as it boosts profit

Rhys Summerton, iOCO CEO. (Graphic by Nicola Mawson, with official collateral) JSE-listed iOCO this morning reported profit of R180 million, an increase of 45.6%, from revenue of R2.8 billion in the first half, as its three-step strategy starts to bear fruit. As part of this strategy, iOCO made its first acquisition in eight years, says…

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iOCO scraps ‘work from home’

iOCO scraps ‘work from home’

JSE-listed technology services group iOCO has scrapped its work-from-home policy entirely, requiring all employees to return to the office full time — and it says the move has delivered a measurable improvement in productivity, fewer errors and happier customers. The decision, disclosed by CEO Rhys Summerton during the group’s interim results presentation on Wednesday, places…

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Leader of Ecuador-based criminal group Los Lobos arrested in Mexico City | Crime News

Leader of Ecuador-based criminal group Los Lobos arrested in Mexico City | Crime News

Angel Esteban Aguilar is suspected of masterminding the 2023 assassination of an Ecuadorian presidential candidate. Law enforcement authorities have announced that the leader of the Ecuadorean crime group Los Lobos was arrested at the international airport in Mexico City, where he attempted to enter the country under a false identity. The effort on Wednesday to…

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SA banks escalate digital push to gain market share

SA banks escalate digital push to gain market share

Scaling AI responsibly remains an ongoing challenge for banks. (Image created via ChatGPT) South Africa’s top banks are intensifying their digital arms race, with client acquisition and transaction volumes continuing to increase, driven by mobile-first platforms. This is according to PwC’s Major Banks Analysis, which provides an overview of how local banks are leveraging technology…

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