In this edition, Altron FinTech data points to a further expected decline in net short-term credit extension of 7.8% in Q2 of 2022 when compared with the first quarter of this year.
Cell C significantly increased its network footprint across SA in the last 18 months, with a strong showing from its prepaid unit.
In the last six months, Capitec appointed 1 642 external employees, with 20% fulfilling data and tech roles.
The company has raised its 2022 outlook on the back of impressive half-year results.
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.
Zaf Mahomed has been appointed CFO designate of the fishing group, effective from 1 November.
I have never subjected my employees and business to Sahara and/or the Gupta family, says Neil Rex, MD of Drive Control Corporation.
The telco aims to rollout 135 000km of fibre by 2025, seeking to generate up to $1 billion revenue.
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 city drives initiatives to diversify energy for cleaner, cheaper sources to bolster the green economy.
The funding round was led by investment company Arise whose cornerstone investors include Rabobank Partnerships, Norfund, NorFinance and FMO.
Seven local companies have been acknowledged for their outstanding contributions in the field of banking and financial services at this year’s Africa Bank 4.0 Awards.
To augment this value provided by Sabinet’s Financial Regulatory Instruments, users can subscribe to Sabinet’s National Legislation service.
The company’s fibre entities – Dark Fibre Africa and Vumatel − report gains in the financial year, making notable contributions to group earnings.