Local insurance companies will not directly pay out for ICT infrastructure destroyed during the unrest; however, they are liaising with state-owned insurer SASRIA.
The company makes its first investment in the local insurtech sector as part of its R1.4 billion commitment to grow early-stage tech companies through Naspers Foundry.
Being a Bitcoin trading pro means you are exposed to the right information and knowledge of trading Bitcoin.
Remgro is set to increase its shareholding in Community Investment Ventures Holdings after participating in the company’s rights offer.
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 company had a share value of R175 at one point and it now stands at R7, says CEO Stephen van Coller, as he clears the corruption mess at the firm.
By buying USD-backed stablecoins, an investor can earn steady gains through decentralised finance services while still hedging against the falling rand, says Ovex.
Kandua lands major financial backing from venture capitalist firms Knife Capital and Allan Gray E-Squared Ventures in a pre-Series A funding round.
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 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.
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.