The software provider commits an additional R9.2 million in interest-free loans to small ICT businesses in South Africa.
The comms portfolio committee wants minister Solly Molatsi to urgently establish a ministerial intervention team to save the post office.
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.
The upgrading of the post office’s hardware infrastructure and software applications is on hold, pending R3.8 billion additional funding.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
BlackRock, Global Infrastructure Partners, Microsoft, and MGX form a pact to make investments in new and expanded data centres.
The Auditor-General of SA’s audit report uncovers seven material irregularities, impacting four of the communication department’s entities.
African Rainbow Capital makes additional investments in Rain and Tyme Group, of R126 million and R169 million, respectively.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The enhanced detection offered by AI models is powerful, positioning it to more reliably predict when and where fraudulent activity is taking place.
The Competition Commission finds the proposed transaction is unlikely to substantially lessen or prevent competition in any market.
Posting a full-year revenue increase of 11%, Lesaka says it will integrate the Adumo and Touchsides acquisitions with its fintech solutions.
The European Investment Bank and DBSA provide R1.98 billion loan to SA, in addition to the R7.9 billion financing announced at COP27.
The calling app looks to connect seven million users in the African diaspora by 2025, after securing R25 million in funding.