Andile Ngcaba’s ICT investment firm earmarks $300 million fund, as it plans to intensify digital infrastructure investments across Africa.
The number of mobile subscribers increased by 21.6% to 24 million, in the third quarter, including a 17.3% increase in mobile data subscribers, says the telco.
Voice services are rapidly giving way to unified communication, collaborative tools and omnichannel contact centres, says BMIT.
The US president signs an executive order for the US to establish a Sovereign Wealth Fund, hinting that it may acquire TikTok.
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 companies conclude discussions regarding the intended post-transaction structure of MultiChoice.
The Office of the Tax Ombud requests taxpayers’ input to help in its enquiry of eFiling profile hijacking incidents.
The firm makes changes to its leadership team to “further focus on international expansion and acquisitive growth”.
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 payment firms offer online merchants a buy-now-pay-later platform, to allow customers to split payments over multiple months.
The company aims to expand its high-speed fibre network to at least 500 000 households, impacting over two million South Africans.
The company’s gross profit margin improved, mainly driven by the growth in the fintech segment, it says.
The telecoms operator posts marginal gains in its trading update for the third quarter of the 2024 financial year.