The draft framework for the regulation of crypto-currencies in South Africa will be published for consultation “very soon”, says the financial services watchdog.
The companies say discussions are still in progress and a further announcement will be made in due course.
Despite having one of the most advanced banking sectors in the world, South African businesses have not felt the need to adopt purely digital transactions.
The oversubscribed round was led by Imvelo Ventures, with participation from Lebashe, Pallidus, Shaolin and Gary Stroebel.
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.
Local crypto-currency exchanges describe the hardships they faced after being shunned South African big banks.
Following the transaction, Prosus and its affiliate company, Movile, a Brazilian investor in technology companies, will fully own iFood.
Loans of up to R5 million are offered and businesses have up to 12 months to pay it back.
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
SQM Quality is designed to optimise the changes and opportunities of ISQM 1.
The reserve bank’s Prudential Authority issues a guidance notice to the big banks to start working with crypto players.
Before year-end, the company is going to the Pacific region, while leapfrogging into Africa from Namibia.
Using its decentralised financial markets platform, Mesh.Trade aims to disrupt the traditional finance landscape.
Reducing owned assets and renting key assets such as IT equipment reduces cashflow restraints and supports growth and new projects, says Kwirirai Rukowo, GM of Qrent.