Financial automation efforts are accelerated to ensure better compliance with the Public Finance Management Act, says MEC Lebogang Maile.
The companies will spend an additional R2 billion over three years on local communities if a merger is finalised.
The Competition Commission concludes that the transaction is unlikely to lessen or prevent competition.
The industry players say the reviewed deal gives Vodacom extensive influence over SA’s largest open-access fibre infrastructure through Maziv.
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 company has entered into an agreement to buy the Great Lakes Data Racks & Cabinets family of companies for $200 million.
ACI Worldwide will host an executive roadshow in Johannesburg on 24 July.
Gauteng’s Department of e-Government will put its R1.5 billion budget towards continued digital transformation efforts in 2025/26.
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
South Africa’s electronic transactions rose to R1.36 trillion last month, signalling an economic uptick, says BankservAfrica.
Despite the dip, analysts and major investment houses remain confident the bullish momentum is not over.
The deal’s structure allows shareholders to benefit from potential future income streams, with payments linked to performance up to 2034.
The company looks to broaden its merchant partner ecosystem and venture into new markets on the continent.