The local fintech start-up reports strong demand for its digital wallet, with its user numbers growing 100% year-on-year.
It is crucial for fintech companies to spend time building access, educating customers and demonstrating reliability.
Canal+ anticipates its offer for MultiChoice, which is seeing dwindling revenue, to be a cash consideration of R105 per ordinary share.
The move encompasses direct reductions and elimination of open roles, with affected employees to receive notifications this week.
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.
The $Ubuntu token, expected to propel Africa into Web3, will serve as a medium of trade within the virtual land.
Rand Merchant Bank partners with the independent power producer for R2.8 billion equity financing solution.
The National Advisory Council on Innovation will provide two PhD scholarships for science, technology and innovation studies.
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 online retailer names Frederik Zietsman as new group chief executive, while Mamongae Mahlare is appointed executive chairperson.
The start-up refutes allegations that it may be operating its online investment services illegally, saying it’s conducting business within the confines of the law.
The company witnesses accelerated demand for its AI-based offerings, with its book of business for watsonx and GenAI doubling.
The company’s €2 billion restructuring plan will impact 8 000 roles, as it focuses on key strategic growth areas, in particular business AI.
The UK government invests R1 billion to establish the International Science Partnership Fund to support UK-SA science and research collaboration.