Digital finance has a critical role to play in women’s economic empowerment, says a new United Nations report.
Etion wraps up the sale of its subsidiary Etion Create to Reunert Applied Electronics for R202 million.
The funds will help the company to grow its market share in South Africa and launch its payment platform.
Southern Africa’s ICT sector attracted the largest rand value of venture capital investments in 2021.
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 says it will adhere to all regulations, after paying a further R82 million in a government contract dispute.
The purchase of the digital payments provider will not be implemented, as certain conditions were not met.
The firm sets a deadline to conclude the investigation of dodgy tenders awarded by the Department of Water.
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
NCR plans to separate into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs.
As the race to buy Telkom hots up, MTN issued a statement to shareholders about Rain’s non-binding tie-up proposal.
The firm agrees to pay a further R82 million as final settlement of a Department of Water contract dispute.
After initially making a false move, the data-only network has now made an official bid to tie-up with Telkom.
The Grindstone growth programme aims to make the companies more investible, scalable and exit-ready.