Updating SA’s crypto regulations to bring them in line with global best practice would generate at least R540 million in additional tax revenue, say industry players.
The capital will be utilised to fund solar and battery systems, enabling the start-up to add over 16MW of solar capacity.
South African startup Open Access Energy lands $1.8 million in seed funding to scale its AI-powered digital infrastructure for electricity trading.
The Marula Green Power project will supply 132MWp solar power and a 360MWh battery system to deliver clean energy to PMC’s Ba-Phalaborwa mine.
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.
Bringing another 16 million South Africans into the formal economy could add R173 billion to SA’s gross domestic product, says TransUnion.
The local fintech firm behind the SARS eFiling platform sees growth opportunities in the Southern African Development Community.
Ryan Engel will be responsible for local strategy, forging partnerships and strengthening the fintech firm’s regional presence.
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 new sites form part of Vodacom’s Rural Coverage Acceleration Programme and will be rolled out in 11 district municipalities.
Amid declining revenues and subscribers, the deal brings scale, tech synergies and long-term sustainability, says CFO Tim Jacobs.
Professor Busani Ngcaweni, principal of the National School of Government, supports reforms that give departments IT procurement powers.
The South African Revenue Service says its arsenal of artificial intelligence and advanced data analysis tools are sufficient to catch tax-dodgers.