Technology services group Sebata Holdings, which supplies local government services such as meter reading and software, has posted an interim loss approaching its R272m market value, hit by a pandemic-induced slowdown in government activity that was worsened by the local government elections.

The company, formerly MicroMega Holdings, posted a R205.4m loss in its six-months to end-September, from a loss of R33.7m previously, with the group historically seeing slowdowns during election periods...

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