Sebata suffers from government spending slowdown
The technology group, which services municipalities and the public sector, suffered a loss from continued operations of R123m
31 July 2020 - 19:02
Technology group Sebata said on Friday that its continuing operations had swung into losses for the year to end-March, driven by a slowdown in government spending.
The company said revenue was up 6.432% during the year to R161.41m, from R151.7m in the previous year. That said, the company had a loss from continued operations of R123m, down from a profit of R179m previously. ..
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