The telco’s debtors will now be required to vote on an offer of 20c for every R1 of debt next month.
The digital-only bank sees strong growth in the two years since launch, with over 450 000 clients.
The telco negotiates with a “strategic partner” to provide the scale and capability required to turn around its subsidiary, which continues to suffer losses.
Operating from its headquarters in Umhlanga, iKhokha is constantly developing solutions to help businesses rise.
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 local fintech start-up partners with 1Voucher, to make online shopping a reality for unbanked South Africans.
Despite global turmoil and uncertainty, financial year 2022 was a year of progress for Naspers, it says.
Redstor is expanding its investment into local talent as the search continues for multiple roles in the product and engineering teams.
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
Results show recovery in the fourth quarter of 2021, but data for the first quarter of 2022 expected to decline.
During the investigation, the company says, all work with subcontractor ZA Square has been put on hold.
Investment in the continent’s tech start-ups in 2021 was unprecedented, reaching $1.6 billion, says Start-up Genome.
IFS was ranked first in enterprise asset management market share by revenue, with 18% share and 29.1% year-on-year growth.
The telco names Riaan Wessels as the fifth exec in recent months to be assigned to its financial services unit.