Investment holding company Fairfax Africa Holdings Corporation has invested in secured convertible bonds issued by Atlas Mara Limited and has separately agreed to provide bridge financing to Philafrica Foods Proprietary Limited.
Increasing intra-African trade is essential for the growth and development of the continent, and so the recent signing of the African Continental Free Trade Area set to be the first continent-wide African trade agreement, is good news.
Vodacom has launched the SMS Emergency Service for Deaf, hearing and speech impaired customers as part of its continued commitment to add value to the lives of all its customers.
Limelight Networks, a leader in digital content delivery, has announced the opening of a new Point-of-Presence (PoP) in South Africa, to drive Limelight’s commitment to building out infrastructure globally and create new industry partnerships in the region.
GE Power awards R30m of student bursaries in partnership with ESKOM, South Africa’s power utility company
GE’s Steam Power business in collaboration with ESKOM, South Africa’s power utility company, has awarded needs-based bursaries worth up to 30 Million rands to sixty students from the Mpumalanga province.
HPS, a multinational company and provider of electronic payment solutions has increased its presence within Africa with a new office in Johannesburg, South Africa.
[South Africa] .ZA Domain Name Authority to offer unique registration platform for registered companies
South African companies now have an opportunity to register domain names at cost price through the Companies and Intellectual Properties Commission.
The new XC40, Volvo’s first premium compact SUV, is now available in South Africa.
The South African Film and Television Industry continues to attract Foreign Direct Investment from Hollywood’s major studios and creating employment for the services sector despite the economic challenges that South Africa experiences.
U.S. manufacturer and innovator of mobile accessories Mobile Outfitters Africa has officially opened its first outlet in Africa at Mall of Africa, South Africa's largest shopping mall and home to over 300 shops, many of which are flagship stores.
Vodacom has become the first African mobile network to exceed 80% population coverage on 4G.
Zimbabwe’s cryptocurrency exchange, Golix, has coordinated a partnership withBlockstarters, South Africa’s blockchain hub and incubator, in a move that will see the exchange tapping into a new highly economic active market.
Despite the war for senior leadership talent on the African continent, the approach of luring top international executives with major perks in addition to their remuneration packages is in rapid decline, an expert says.
Fiat Chrysler Automobiles South Africa has announced the appointment of the new Head of Sales Operations of Fiat Chrysler Automobiles South Africa (Pty) Ltd, importer of Fiat, Fiat Professional, Abarth, Alfa Romeo and Chrysler brands.
Vodacom, in partnership with Microsoft have announced that they will be launching Microsoft Azure solutions available to customers in June.
Vodacom, in partnership with Microsoft have announced that they will be launching Microsoft Azure solutions available to customers in June.
South African Airways has announced a number of key appointments to fill the critical skills gap at the airline as it forges ahead with implementing its turnaround.
Tango renews Oena mining license in South Africa for nine years, terminates Txapemba agreement in Angola
Tango Mining Limited has announced that its subsidiary, African Star Minerals Limited, has received confirmation from the Department of Mineral Resources, Republic of South Africa.
Consultancy.org, a global platform for the international consulting industry, has made a foray into the South African market. The launch of Consultancy.co.za expands the startup’s online footprint to cover Africa’s most important market for consulting services.
While the overall business environment for women appears to be improving in South Africa, there is a clear divide between businesses that are gender-equitable and those that aren’t.
South Africa’s Minister of Trade and Industry, Dr Rob Davies and Gauteng Premier, Mr David Makhura have launched the Gauteng InvestSA One Stop Shop (OSS) in Sandton.
South African Fintech start-up, Vio Digital, is using blockchain to make it easier for people to transfer money from person to person anywhere in the world, introducing a new method of international money transfer.
The Satrix Nasdaq 100 Exchange Traded Fund (ETF) listed on the Johannesburg Stock Exchange (JSE) bringing the number of ETFs listed on the exchange in 2018 to ten.
In a further move to optimize its service offering, DPO Group, Direct Pay Online, will be rolling up its Southern African payment service providers (PSP’s) group into the consolidated brand of DPO PayGate.
Pan-African telecoms group Liquid Telecom has appointed Reshaad Sha as CEO of Liquid Telecom South Africa, effective June 1, 2018.
EU supports South Africa to boost job creation, small business development and improved governance with €62 million package
Commissioner for International Cooperation and Development, Neven Mimica on his official visit to South Africa, met the Minister of Finance, Mr Nhlanhla Nene, and the Minister for Small Business Development, Ms Lindiwe Zulu.
Insurance startup Naked launches today with an AI-based car insurance offering. Rebuilt for social good, the new product puts customers in control of their insurance and saves them money.
“There are three elements driving interest in regulatory technology (regtech) in South Africa and abroad, explains Dominique Collett, senior investment executive at Rand Merchant Investment Holdings and head of AlphaCode, a club for fintech entrepreneurs.
African vendor of neutral colocation data centre, Teraco, is Africa’s most densely interconnected Data Centre with over 12,000 interconnects and growing at an impressive rate of ±500 interconnects per quarter.
Kore Potash plc has attained a secondary inward listing on the Main Board of the Johannesburg Stock Exchange, JSE.
BMW Group South Africa has started production of the new BMW X3 at its Rosslyn plant. With customer vehicles now rolling off the line, BMW Group once again demonstrates its commitment to its operations in South Africa.
Mahindra South Africa, now in its 14th year of business in the country has appointed Mr Rajesh Gupta as the Chief Executive Officer.
Online retail sales in Africa accounted for less than one per cent of the global total last year, even though some nations have already undergone a rapid growth period.
The Magnifi TV sync platform was launched in South Africa towards the middle of 2017 in a partnership with Mobilclicks, a leading mobile media company and its technology partner Silverpush.
[South Africa] Vodacom unveils Trade Direct portal to connect small businesses with new markets and opportunities
Small businesses have the potential to create jobs even under conditions of weak growth. They also carry the prospects of leading the way to a more thriving future for the country.
Scatec Solar ASA and partners have signed project documents and are now expected to achieve financial close for three solar PV plants in South Africa totaling 258 MW.
Huge Group’s shares have been approved for listing on A2X Markets from 10 April 2018. This will make it the first telecommunications company to list on A2X.
[South Africa] Former DiData CEO invests R10m into emerging social networking platform, Gather Online
Gather Online has today announced former Dimension Data chief executive, Brett Dawson, will be joining its board of Directors as Chairman, accompanying his investment of R10 million to support the company’s planned international expansion.
[South Africa] SolarReserve, ACWA and Eskom sign power agreement for construction of 100 megawatt power station
A consortium led by SolarReserve and International Company for Power and Water have signed a 20-year power purchase agreement with Eskom, South Africa’s public electric utility company, for the Redstone Solar Thermal Power Project.
Westbrooke Alternative Asset Management, South Africa’s largest Section 12J manager, has confirmed that it has recently successfully closed its 2018 fiscal year fundraise, with over R565 million raised across four S12J investment strategies.
Healthcare supply chain leader, Imperial Logistics, has unveiled a world-class expansion at its Centurion facility in South Africa.
[South Africa] Absa lists NewFunds Low Volatility and Value Equity ETFs on the Johannesburg Stock Exchange
The Absa NewFunds Low Volatility and Value Equity ETFs have listed on the Main Board of the JSE. These listings bring to nine the total number of new ETFs to list on the JSE this year.
With the rapid and sustained growth of the fintech sector in East Africa, particularly in Kenya, there has been a sharp rise in demand for skilled leaders to fill positions, and companies are looking globally - and to South Africa specifically - in their talent search.
Ecosystem management solutions and IoT strategy provider, SMME IoT has signed a channel partnership agreement with SqwidNet to connect 1 million devices within the next 3 to 5 years in South Africa.
Ford Motor Company of Southern Africa (FMCSA) is expanding its operations at the Struandale Engine Plant in Port Elizabeth as part of a wide-ranging investment in its two South African plants, announced late last year.
Canadian crypto-currency exchange firm Arbitrade bought four casts from South African businessman Malcolm Duncan.
Information technology multinational Hewlett Packard Enterprise has announced a definitive agreement to purchase privately-held Cape Networks based in Cape Town, South Africa, and San Francisco.
Siemens hands over industrial automation equipment to 13 engineering faculties across Africa to boost digitization skills
The Fourth Industrial Revolution is having a disruptive effect on economies and the development of digital skills is vital.
CAD4Africa is South Africa's largest CAD (Computer Aided Design) software eCommerce site that is disrupting traditonal reseller model in CAD industry.
While South Africa has made progress in reducing the gender bias for women engaging in early stage entrepreneurial activities, the number of women business owners remains constrained by a lack of entrepreneurial intent.
IFC, a member of the World Bank Group, has committed to expand support for initiatives in South Africa that help address persistent challenges in job creation, especially for young people and women.
South African government unveils Bio refinery facility to address biomass waste challenges, boost industry competitiveness
The South African government has launched a R37.5 million biorefinery facility in Durban, which is set to extract maximum value from biomass waste.
[South Africa] Ashburton lists world government bond Exchange Traded Fund on the Johannesburg Stock Exchange
The Ashburton World Government Bond Exchange Traded Fund (ETF) has listed on the Johannesburg Stock Exchange (JSE), becoming the exchange's first global bond ETF.
Vodacom launches future jobs innovation to boost digital economy employability, targets 600,000 South African youth by 2022
Vodacom, through its youth segment platform NXT LVL, has launched a future jobs programme under the banner “What will you be?”
Africa overtakes Japan and Australia as the most preferred destination by Chinese travelers, TravelZoo Survey
Travelzoo® , a global publisher of exclusive offers and experiences for members, is forecasting the largest popularity growth of Africa in 2018 among avid Chinese travelers.
Maureva has chosen Hi-Fly Marketing, the growing South African company specialising in technical services in the African aviation industry, as its commercial representative.
Coca-Cola's Southeast Asia Business Unit has launched its newest initiative aimed at teens with a new campaign from FCB Africa's agencies FCB Joburg, strategy and FCB Cape Town, creative.
Tyre manufacturer Goodyear South Africa has launched an enterprise and supplier development initiative, Umthombo Development Programme.
[South Africa] The Mining Sector collaborates with Vodacom Business to help tackle industry challenges
Vodacom announces its intention to join forces with the Mining Precinct@Carlow Road and Mining Sector in general to make use of its technology in order to help solve some of the critical challenges identified by the Mining Sector.
Zensar, a digital solutions and technology services company has announced an extension of its managed partner relationship with Microsoft in South Africa.
Afreximbank, ECIC sign MOU, pledge $1bn to expand trade between South Africa and other African nations
The African Export-Import Bank and the Export Credit Insurance Corporation of South Africa have entered into an MOU to launch a $1 billion financing program to promote and expand trade and investments between South Africa and the rest of Africa.
A lot can happen in a year. And when that year is 2018, a year in which we stand on the threshold of an exponential future driven by technologies such as artificial intelligence, big data, IoT and blockchain, the world may look very different by the end of it than it does now.
An ‘ATM pharmacy’ that gives patients with chronic illnesses their repeat medication in under three minutes was officially opened in Alexandra today.
Global omni channel solutions provider NCR Corporation has launched NCR SelfServ™ 80 Series, a new family of ATM solutions that will help financial institutions redefine the banking experience.
Global provider of digital, technology and operations services Accenture has appointed Vukani Mngxati country managing director for South Africa.
Q-KON SA, a value-added distributor of unified communication solutions since 2005, announced that the HTEK UC900 series IP phones have been certified by PortaOne.
Canadian oil and gas company Africa Oil Corp has completed the previously announced investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa.
The Labour Laws Amendment Bill, first introduced to South Africa’s parliament in November 2015, and has been passed by the National Assembly.
SearchInform, a Russian developer of information security systems – has entered the South African market. The Russian company has signed a partnership agreement with Condyn, a local provider of information and security solutions located in Centurion.
Vodacom has deployed new network sites in deep rural areas of Umhlabuyalingana Municipality, KwaZulu Natal.
Sanlam, SAHAM’s partner since February 2016, will increase its stake in the capital of SAHAM Group’s insurance subsidiary, from 46.6 per cent to 100 per cent, according to the terms of an agreement recently reached.
STANLIB Index Investments has listed its S&P500 Index Feeder ETF and S&P500 Info Tech Index Feeder ETF on the Johannesburg Stock Exchange, further broadening the exchange's offering of global ETFs.
International commodity price reporting agency Argus continues to expand its global operations, opening a new office in Cape Town, South Africa, this month.
Vodacom World, the company’s flagship cellular mall, centrally situated in Midrand, will undergo major renovations for a period of six months and will be closed from 17 March reopening late 2018.
South Africa’s ongoing education crisis, specifically access to schooling and learning material has been well publicised.
Comair selects Honeywell International Cockpit Technologies for South Africa's first Boeing 737 MAX fleet
Honeywell International Inc.has announced that Comair has selected its suite of advanced cockpit technologies for its future fleet of Boeing 737 MAX aircraft.
Anti-money laundering compliance costs South African financial services companies over $2 billion a year, survey
The true cost of anti-money laundering compliance in South Africa has increased by 14 per cent to $2.05 billion over the past two years, according to a recent LexisNexis® Risk Solutions survey.
Given the political and economic uncertainty in South Africa, foreign lenders are becoming increasingly focused on the type of security available in South Africa to secure their loan.
Commvault a player in enterprise backup, recovery, archive and the cloud, has announced a new partnership with MEDITECH Holdings South Africa.
N2Growth, a global leadership and talent advisory firm focusing on human and organizational performance has acquired a stake in the Landelahni Group.
Ascendis Health has reported a 27% increase in revenue to R4 billion for the six months to December 2017, driven by the strong performance of the group's international operations which grew revenue by 50% to R1.9 billion.
The CoreShares S&P Global Dividend Aristocrats Exchanged Traded Fund (ETF) has listed on the Johannesburg Stock Exchange (JSE), broadening the exchange's offering of innovative ETFs which.
Telecommunication company Vodacom has announced the appointment of Mickey Mashale as Chief Sales Officer for Vodacom Business effective 1st February 2018.
More than 90 per cent of South African organizations are either already engaged in digital transformation or in the process of planning and evaluating their transformation strategies.
[South Africa] Argility solidifies software technologies portolio with latest acquisition of Indaba Mobile
South Africa innovator of enterprise software solutions, Argility, has announced its latest acquisition following on the heels of its formation of the Argility Technology Group late last year.
In a dual development set to transform Africa’s access to China as well as simplify the ability of Chinese to transact in Africa, Standard Bank has signed an agreement with UnionPay International to accept UnionPay cards in multiple African markets.
South African based motor dealer Halfway Ford, of Kuils River, in the Western Cape is virtually off the grid in terms of electricity supply and uses a minimal amount of water from the municipal supply.
Austin Zungu a South African entrepreneur is developing a one-of-a-kind inbuilt power harvesting technology that reduces dependency on plug-in-charging while providing eco- friendly power to mobile communication devices.
The Economic Partnership Agreement between the European Union and the Southern Africa Development Community has become the first regional EPA in Africa to be fully operational after its implementation by Mozambique.
Eskom’s Koeberg nuclear power station has launched a mobile groundwater desalination plant, which will take care of the station’s water needs, thus easing the pressure on the City of Cape Town’s water supply.
SloanLED, a company providing LED technology, has won a national rollout LED lighting upgrade with Engen, one of Africa’s leading energy companies.
Isuzu Motors has launched its business operations in South Africa. This follows the announcement of last year where Isuzu had said that it would purchase the light commercial vehicle operations in Port Elizabeth.
Zensar Technologies has won the mandate for providing JD Edwards 9.2 implementation for Africa’s leading specialty chemicals conglomerate, SynChem.
Global sales CRM platform, Pipedrive, has published its annual 'Global Sales Review 2017' report analyzing tens of thousands of sales teams worldwide.
Rwanda’s national carrier RwandAir is set to commence flights to Abuja in Nigeria and Cape Town in South Africa. RwandAir will operate four weekly flights from Kigali to Cape Town with a stopover in Harare.
South African impact investor, E2 Investments (Pty) Ltd has announced its investment of R4.6 million in Numeric, a non-profit social enterprise delivering after-school mathematics to thousands of learners in South African primary schools.
Global information technology provider NEC Corporation has announced an increase in investment in XON Holdings Proprietary Limited, an ICT solutions company based in the Republic of South Africa, making it a subsidiary through NEC Europe Ltd.
A tax app named hApp-e-tax has launched, offering everything accountants, auditors, tax practitioners, lawyers, those in business and students need to know about South African income tax legislation.
The Agricultural Research Council, in partnership with the South African Table Grape Industry and Culdevco will launch the seedless breeding red table grape variety called Joybells.
IFC, a member of the World Bank Group, has announced new financing of R1.2 billion, $100 million, to support FNB’s lending to small and medium enterprises, with a focus on women-owned businesses.