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3:40
Sage
Sept 19, 2024

Sage adds to loan pot for SA ICT SMEs

The software provider commits an additional R9.2 million in interest-free loans to small ICT businesses in South Africa.

3:00

Parliament seeks urgent ministerial intervention on SAPO

The comms portfolio committee wants minister Solly Molatsi to urgently establish a ministerial intervention team to save the post office.

7:10
Lesaka Technologies
Sept 19, 2024

Lesaka’s social grant business thrives amid post office chaos

The fintech group’s social grant business is growing 361% year-on-year and it now has 1.5 million active accounts, says CEO Lincoln Mali.

2:40

Brakes slammed on SAPO modernisation

The upgrading of the post office’s hardware infrastructure and software applications is on hold, pending R3.8 billion additional funding.

3:30
Microsoft
Sept 18, 2024

Microsoft in $30bn partnership to build AI data centres

BlackRock, Global Infrastructure Partners, Microsoft, and MGX form a pact to make investments in new and expanded data centres.

3:50

AGSA details material irregularities at DCDT entities

The Auditor-General of SA’s audit report uncovers seven material irregularities, impacting four of the communication department’s entities.

3:30
Rain
Sept 16, 2024

Motsepe’s ARC pumps R295m into Rain, TymeBank

African Rainbow Capital makes additional investments in Rain and Tyme Group, of R126 million and R169 million, respectively.

3:40
AI
Sept 13, 2024

AI’s role in ensuring effective financial crime compliance

The enhanced detection offered by AI models is powerful, positioning it to more reliably predict when and where fraudulent activity is taking place.

2:20

CompCom approves HPE’s R252bn acquisition of Juniper

The Competition Commission finds the proposed transaction is unlikely to substantially lessen or prevent competition in any market.

3:30
Lesaka Technologies
Sept 12, 2024

Fintech group Lesaka posts R10.6bn revenue, restructures

Posting a full-year revenue increase of 11%, Lesaka says it will integrate the Adumo and Touchsides acquisitions with its fintech solutions.

2:50

SA gets R1.9bn loan to drive renewable energy

The European Investment Bank and DBSA provide R1.98 billion loan to SA, in addition to the R7.9 billion financing announced at COP27.

2:50
Talk360
Sept 11, 2024

R25m funding to help Talk360 scale operations

The calling app looks to connect seven million users in the African diaspora by 2025, after securing R25 million in funding.