The investment forms part of a R1.5 billion equity funding round to support Metrofibre’s capital expansion plan which exceeds R3 billion over the coming three years.
Although COVID-19 has led to an uptick in e-commerce in SA, few established shopping sites dominate the online space, says GetApp.
Once the sale is complete, Huawei will not hold any shares or be involved in any business management or decision-making in the new Honor company.
Attend Binance SA’s latest masterclass on crypto trading.
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.
ChainLink is a decentralised Oracle network used to pay node operators to deliver accurate third-party information to the blockchain.
The telco posts blowout half-year results, buoyed by double-digit data usage growth and higher customer demand for smart devices due to the lockdown.
The telecoms operator looks to reinforce its market position using its LTE services to drive aggressive growth and enter new markets.
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 bank is driving the mass adoption of contactless payments in Africa, as consumers look for safer ways to pay in the wake of COVID-19.
The company acquires a 20% stake in the Nigerian online sports betting company, with the potential for a further R500 million investment.
The company announces to shareholders that it has concluded the transaction and is now awaiting regulatory approvals.
Africa’s growing tech talent pool has the potential to contribute R2.8 trillion to the continent’s GDP by 2025, according to the e-Conomy Africa report.
The local fintech start-up secures additional funding from three venture capital companies for its expansion into France, UK, Portugal and West Africa.