Kandua lands major financial backing from venture capitalist firms Knife Capital and Allan Gray E-Squared Ventures in a pre-Series A funding round.
The telecommunications company will pay 1 175 employees a 6% salary increase based on the individual’s total package, backdated to 2017.
Revenue and subscription revenue in local operations increased 28% and 25%, respectively, in the period under review, compared to Q1 2021.
The retailer says the growth was supported by the expanded click-and-collect offering and the roll out of the Woolies Dash on-demand delivery service.
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 tech giant calls for local submissions for 2021 Seeds for the Future, after a $150 million global commitment for the next phase of the programme.
Cape Town-based Akiba Digital raises $1.1 million in pre-seed funding, which will be used to connect small businesses to lenders.
Branch transformation enables an omnichannel experience. Customers can start a transaction using the app on their device and complete it at the branch without having to wait in a queue.
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 telco urges customer patience as it rehabilitates vandalised infrastructure in the aftermath of the riots that engulfed KwaZulu-Natal and Gauteng.
The acquisition is expected to enhance Zoom’s enterprise presence and accelerate its growth by adding the $24 billion contact centre market.
Temporary warehouse space has been secured and the group expects the razed Durban branch to re-open as soon as it is safe and practical to do so.
The funds will be used for international expansion and the start-up has already started onboarding partners in Europe.
On 13 July, the major banks’ shares dropped an average of 5% as a result of the country’s current unrest.