The funding will allow the company to expand its data centre capacity and meet the growing demand for cloud services in SA.
The fibre network operator invested R2.5 billion to modernise its network and drive fibre deployment to pass 1 217 110 homes, a 17% increase.
Total headline earnings per share and basic earnings per share increased by more than 100% to 376 cents and 385.5 cents, respectively, says the firm.
The fintech firm officially rebrands to EFT Corporation, following its acquisition of EFTCorp in January.
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.
Group CIO Jörg Fischer reveals how much the big-four bank is spending on IT annually and how the month-end IT glitches that left customers frustrated were resolved.
The local fintech will introduce its buy-now-pay-later solution targeted at small, medium and micro enterprises on Friday.
With a diversified business portfolio and the relaunched Showmax video streaming platform, the company will turn around its fortunes, says Calvo Mawela.
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 retailer’s crypto payments jump to R1 million a month in sales, as shoppers pay for groceries, data, airtime and municipal bills using the digital currency.
The bank’s new mobile virtual network operator collaboration with MTN SA will see it rebrand its offering to Standard Bank Connect.
The franchise model has proven to be successful, with franchising stores performing 14% better than the company-owned facilities, says the telco.
The company’s overall active subscriber number drops by 9%, with group revenue decreasing by 5% to R56 billion.
Stronger operational performance, driven by continued demand for next-gen technologies, contributes to improved earnings.