South African fintech, Xago, launches xgb, enabling end-to-end British pound transfers within minutes
Xago Technologies (Pty) Ltd. in Cape Town, South Africa, announces support for the British Pound with its stable coin XGB which is backed 1:1 with the Pound, enabling clients across the world to purchase GBP, transfer and reach its pay-out point within minutes, highly securely, compliantly and with certainty.
Critical care patients in Lesotho will soon be spared a trip to South Africa to receive treatment.
Get-A-Gig was launched as an extension of Vodacom’s recently revamped NXT LVL (pronounced next level), a platform aimed to address the challenges faced by young people.
Mobile technologies and services have already generated 1.7 million direct jobs. Digitisation is resulting in increased efficiencies bringing with it fresh opportunities for economic growth and job creation
To create a world class supply chain, SA logistics industry needs better and faster KYC, says SearchWorks
Although KYC is a priority for most businesses, conducting manual checks is onerous, time-consuming, and open to human error and oversight.
According to Statista, ESG integration has become the most common approach to investing and, according to Bloomberg, saw $120 billion in funding in 2021.
Representing the voice of the African energy sector, the African Energy Chamber (AEC) has become an invaluable advocate for Africa’s oil and gas industry at a time when global stakeholders are calling for the immediate end to fossil fuel utilization.
According to SA’s largest buy now pay later (BNPL) provider, Payflex, this payment method provides short-term relief by offering a convenient interest-free way for consumers to pay off their purchases.
AWIEF and the AFAWA the African Development Bank Group (AfDB) have joined forces to drive increased access to finance and markets for women-owned and women-led small and medium enterprises (WSMEs) across Southern, East and West Africa.
Entersekt, a global player in device identity and payment authentication, announced a new investment from PAPE Fund 3 (PAPE), a mid-market South African private equity fund.
Africa Data Centres, part of the Cassava Technologies Group, a pan-African technology group, is pleased to announce building a second data centre in Cape Town, South Africa.
News24 has for the fourth consecutive year been named as South Africa’s most trusted news source, according to the 2022 Digital News Report by the Reuters Institute for the Study of Journalism at the University of Oxford.
Following the rising levels of unemployment among young South Africans, the UK-South Africa Tech Hub Launch League initiative undertook a research project.
[Column] Andrew Springate: South Africa's unsustainable consumer debt levels require urgent attention
The rising cost of living and significant debt levels mean a worrying proportion of South Africans are battling to meet their financial obligations each month.
The Johannesburg Stock Exchange (JSE), released its Sustainability and Climate Disclosure Guidance that aims to promote transparency and good governance, and guide listed companies on best practice in ESG disclosure.
In a major boost for the efforts to attract international companies for a secondary listing on the bourse, shares in Australia’s Southern Palladium began trading on the Johannesburg Stock Exchange (JSE).
South African Airways (SAA), the national carrier of South Africa, has appointed Discover the World, a global player in tourism and airline representation, as its general sales agent (GSA) in the United Kingdom (UK).
[Column] Lorna Hardie: From Generation Z to Baby Boomers – The impact of hybrid working across the generations
When it comes to the discourse around the way we work in the new era of hybrid working, it has never felt more balanced between the technology that enables it and the culture that defines
According to the research, South Africa has the lowest YoY density increase of 2%, while in the previous year, the country showed the sharpest rise of 277%.
The achievement is the result of Vodacom’s unwavering commitment to the ideals of B-BBEE, aimed at attaining economic transformation for historically disadvantaged people.
Global leader in digital security ESET, recently acknowledged outstanding successes and innovations of its partners at its annual Partner Awards events held from April to June in Namibia, Cape Town, Durban and Johannesburg.
IFC and global mining company Anglo American signed a sustainability-linked loan agreement which is to be used to support community development in rural communities close to Anglo American's mining operations across South Africa.
The European Investment Bank, in close cooperation with the European Union, is planning to support large-scale investment by South Africa’s specialist human vaccine manufacturer Biovac to increase development and manufacturing of vaccines and enable a quicker response to future pandemics.
A project team of companies and research institutions announced a research partnership to investigate and advance the feasibility of an electric minibus taxi in South African conditions by testing production vehicles in South Africa in 2023.
Pay has created a new turn-key suite of business solutions that will enable growth, save costs, and give users peace of mind that financial access is available to them when they need it.
There’s been a substantial increase in the number of cyber security incidents that have compromised critical and state infrastructure in South Africa in recent months.
[South Africa] Hello Pay launches Business Solution package to support SMEs and informal entrepreneurs
To better serve this sector, Hello Pay has created a new turn-key suite of business solutions that will enable growth, save costs, and give users peace of mind that financial access is available to them when they need it.
McCain Foods has unveiled plans for a second Farms of the Future in South Africa, as part of its drive to cut carbon emissions and tackle the impacts of climate change.
Radisson Hotel Group is proud to announce its entry into its fourth South African city, Durban, with the opening of Radisson Blu Hotel, Durban Umhlanga.
The REIT provides a first of its kind tax-efficient structure through which investors can realise inflation-tracking returns as a result of their exposure to exclusive fibre networks that provide internet access to a growing base of end users.
As organisations focus on digitally transforming their enterprises, cybersecurity professionals have been facing an expansion of their attack surface – compounded by the digital explosion during the pandemic.
Tracy Bolton, COO at SAP Africa says the customer-facing AppHaus represents the next step in SAP’s evolution of innovating with customers by putting human experience first.
He is highly regarded within the profession, holds numerous accolades of achievement and has a wealth of expertise straddling both the Public and Private sectors.
[Column] Mark Wilson: Ways manufacturers can unlock the value of data to drive business intelligence
Data forms the backbone of any manufacturing enterprise. With continuous supply chain disruptions, the allure of data and Business Intelligence (BI) is the ability to look deeper into production, performance, and efficiency.
South African airline Comair announced it is obliged to suspend all British Airways and kulula.com flights, pending successfully securing additional funding.
Satrix, the provider of index-tracking investment products and exchange traded funds (ETFs) in South Africa, announced the appointment of Fikile Mbhokota as the new Chief Executive Officer (CEO).
From a non-existent concept pre-Covid-19 to becoming fully entrenched in common parlance, hybrid work and hybrid workplaces, are the centre of conversations and debates in boardrooms and home offices across South Africa.
Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), conducted new research into the talent shortage afflicting the cybersecurity industry.
This technology is ‘homegrown’, developed in South Africa, and is being used worldwide to give Salesforce users immense flexibility to load and use customised documents.
Sendy has entered into a new partnership with Google to empower small and medium businesses in Kenya, South Africa and Nigeria through the Google Hustle Academy Bootcamp program.
To support the growth of South Africa's automotive sector, IFC has partnered with the National Association of Automotive Component and Allied Manufacturers (NAACAM) to develop a database to help local parts makers more easily meet the procurement needs of global car manufacturers.
Embedded finance enabler Ukheshe Technologies has announced the launch of the very first tap-on-phone payment solution that requires no certifications.
This recent facility will take UsPlus’ book of total receivables to USD 17 millions and broadens the range of blue-chip institutional Funders.
International calling app Talk360 has secured $4 million in funding as it prepares to launch a new pan-African payment platform in mid-2022.
IHS Holding (IHS Towers), has completed the acquisition of 5,701 towers in South Africa from Mobile Telephone Networks Proprietary Limited, one of the leading mobile telecommunications operators in South Africa.
The Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa, is delighted to announce its investment in the fintech startup Finclusion Group.
Leading global law firm Baker McKenzie announced that Lerisha Naidu has been appointed Managing Partner of the Johannesburg office.
Untapped Global raises $10.3m pre-seed round to build an investment platform for Africa and emerging markets
Untapped Global announced the launch of its public beta platform, which uses real-time data to provide transparency for investors looking to tap into Africa and emerging markets.
In 2022, predictions for the South African youth unemployment rate are projected to be as high as 64%. The World Economic Forum (WEF) estimates that by 2025, 85 million jobs worldwide may be displaced by technological disruption. However, as many as 97 million new jobs may emerge.
ParkUpp, a South African marketplace startup that connects owners of parking spaces with companies and individuals who need parking has secured 'collector community basements' in convenient locations across the country.
Phatisa, together with a consortium of leading development finance institutions, has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group, for an undisclosed sum. The investment will be used as expansion capital.
Established in 2012 the SearchWorks platform allows users to conduct live, accurate searches on individuals and companies and administer in-depth KYC checks online.
SAS’ cloud momentum is building, where despite the pandemic’s pressure and uncertainty, SAS’ global cloud revenue jumped 19% in 2021.
Modern tech-savvy consumers are opting for financial service providers that can help them better understand their financial position and manage it accordingly across any platform, any time.
[South Africa] BT and MTN Business form strategic alliance to enhance communications services in Africa
BT and MTN Business announced a strategic alliance which will offer world class security and communications services to business customers across Africa.
NEC XON has partnered with Mimecast Limited to complete its turnkey cybersecurity offering to South African organisations with secure email platform, integration, and managed cybersecurity services.
Given the rapid need to modernise and digitalise legacy insurance environments, insurance companies need to find innovative ways of retaining and growing their customer base.
As part of its Africa Day celebrations on 25 May, Meta announced the return of its global campaign ‘Made by Africa, Loved by the World’, which was first launched in 2021.
As digital payments become more convenient, cheaper, more prevalent, and ultimately, the preferred way to trade, any perceived benefits of cash will soon be outweighed by the growing number of disadvantages.
The addition of Maitland will complement Apex’s existing geographic reach, fund administration offering and management company services, delivered under the FundRock and LRI brands.
In South Africa, the digital-first customer strategy should be focused on owning the omnichannel and enhancing experiences on digital platforms, expanding capabilities and engaging with customers in a digital-first reality.
Six African countries have joined forces to launch the Africa Green Hydrogen Alliance to collectively scale-up investment and development across the continent’s burgeoning green hydrogen landscape.
Despite being one of the single largest industries globally, the property and real estate sector, both locally and abroad, have remained well behind the technology curve.
Subscription services have grown tremendously in the last two years in South Africa and will continue to do so. The local subscription economy is expected to grow 14 percent each year to exceed USD$820 million in 2025.
Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced a R40 million ($2.5 million) investment in Nile, an agritech company that connects farmers to buyers of fresh produce.
Disney+, the streaming service from The Walt Disney Company, launches in South Africa.
Rand Merchant Bank, RMB, a division of FirstRand Bank Limited, has launched an appealing new brand campaign that speaks to the bank’s ability to deliver on seemingly disparate objectives.
[South Africa] Digital transformation of the education industry holds mixed implications for developing countries, SAS
The acceleration of digitalisation in education has created both threats and opportunities for developing economies such as those in the Middle East and Africa (MEA) region.
Infrastructure, integration, skills development. These are the key challenges that are impacting cloud development and growth in South Africa – and globally.
Talking to children about their online behaviour may make them feel like we are invading their privacy, so be sensitive and make sure they feel heard and understood
Cybersecurity specialist Obscure Technologies has formed a strategic alliance with DNSSense that will enable the delivery of DNS Layer Security, DNS Analysis and Advanced DNS Visibility products to Africa’s enterprise networks.
Application programming interfaces (APIs), which enable communication between different applications and between applications and end-users, are more common than ever.
Google translate have added 24 languages to Translate, now supporting a total of 133 used around the globe.
MTN Group have reached a major milestone in their work to create shared value by achieving, for the first time, Level 1 Broad-Based Black Economic Empowerment (B-BBEE) Contributor Status in South Africa.
As South Africa experienced Stage 4 load-shedding last week, state-owned utility Eskom announced plans to issue a request for proposals (RFP) for the supply of gas to the Ankerlig and Gourikwa open-cycle gas turbine (OCGT) power stations in the Western Cape province.
The Johannesburg Stock Exchange (JSE), announced that the Financial Sector Conduct Authority has approved amendments to the JSE listings requirements, which will reduce red tape and create an enabling environment for companies listed on the bourse.
Vodacom Financial Services has launched VodaLend Compare, a financial services marketplace aimed at offering unsecured personal loans for customers.
Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a new office in Cape Town, South Africa.
The Johannesburg Stock Exchange (JSE), announced the deployment of an innovative new information service leveraging big xyt’s Liquidity Cockpit for security analytics.
Sitho is currently the Managing Director of Vodacom Tanzania, a position he has held since August 2021.
Entersekt’s solution leverages behavioral analytics from NuData Security, a Mastercard company, that provides risk-based authentication technology.
African Infrastructure Investment Managers (AIIM), one of Africa's largest infrastructure-focused private equity fund managers, has confirmed the completion of a follow-on acquisition in MetroFibre Networx (MetroFibre).
Africa50, the pan-African infrastructure investment platform, has appointed Jon-Pierre Fourie as Senior Director, Strategy and Investors Relations, effective 9 May 2022.
It has been more than a decade since the significant release of spectrum for mobile broadband services in South Africa. A limitation that has impacted the industry and citizens in measurable ways
ACC Aviation announced it has successfully transacted a Boeing B737-300 (ZS-TGB) from South Africa’s Star Air Cargo to a Middle East-based investor.
inq., a Convergence Partner’s company, is set to acquire Syrex, a provider of hyperconverged cloud technology solutions in South Africa.
South African customers who have used buy now, pay later to purchase goods would overwhelmingly recommend it as a payment method. his emerged in a survey of over 7,300 customers of BNPL fintech Payflex,
Gold startup, Nebü Gold is the first African jeweller to give bullion investors the option of wearing elegant 24-karat investment-grade jewellery instead.
TymeBank, a digital bank in South Africa, looks to empower small and micro businesses to accept card payments, powered by Network International, an enabler of digital commerce across Africa and the Middle East.
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene JV transaction.
Mukuru and WorldRemit announced a deepening of their existing partnership, with the aim to expand their collaboration for cash remittances into Zambia, South Africa, Mozambique, Malawi and Botswana.
Finastra revealed Fusion Payments To Go, its payments solution aimed at small and medium-sized banks looking to implement domestic and cross-border payment services in Europe, the US and South Africa.
LyondellBasell and Sasol announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker.
Old Mutual Alternative Investments (OMAI), one of Africa’s largest private alternative investment managers, has announced the first investment of its Education Investment Impact Fund of South Africa (EduFund), with the Sifiso Learning Group.
The Development Bank of Southern Africa (DBSA), announced the launch of its first €200 million green bond.
Vuna Partners Fund announced its acquisition of an 80% equity stake in 4PL Group Proprietary (4PL), with the remaining 20% shareholding held by the management of 4PL Group.
Mastercard announces Fintech Express to empower Middle East and Africa fintechs to launch and expand rapidly
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion.
The Johannesburg Stock Exchange (JSE) has become the first South African stock exchange to list two global ESG focused Exchange Traded Funds (ETFs), the Satrix MSCI EM ESG Enhanced ETF.
JSE Limited, the operator of the Johannesburg Stock Exchange (JSE), Africa's largest, multi-asset class stock exchange, has received approval from the Competition Tribunal to acquire a majority stake in Link Market Services South Africa Limited.
As South Africa grapples with a looming financial crisis and eroding investor confidence, Holborn Assets (Holborn) has expanded its wealth management offering.