As a part of this agreement, the video-sharing app will run on the Oracle Cloud and Oracle will become a minority investor in TikTok Global.
Some R7.1 trillion is required to connect nearly half of the world’s population that has never used the Internet, estimates an International Telecommunication Union study.
The company says further incidences of violence and intimidation by strikers were recorded this morning at its offices in Midrand.
MTN’s black economic empowerment scheme receives R15 million funding after its cashflow was impacted by MTN’s decision not to declare a dividend.
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 labour union has been restrained from interfering with, threatening, harming or damaging, intimidating or harassing non-striking employees.
The State IT Agency’s reconfiguration process aims to position it beyond being a government procurement arm, says minister Stella Ndabeni-Abrahams.
Last year saw increased venture capital exits by investors in South African tech start-ups, with 50% of exit strategies reported as profitable.
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
Online-only high school Valenture Institute secures a multimillion-rand investment from GSV Ventures, and prepares to expand nationwide.
Deliveries and collections at the ICT distributor halted after the strike escalated when vehicles leaving or entering the premises were targeted.
The digital bank ties up with local insurance giant Hollard to offer customers funeral policy plans without any paperwork needed.
The digital bank says it has 489 000 clients as of 13 September, versus 370 000 accounts at the end of June.
The mobile operator has reduced postpaid data bundles by 70%, while its prepaid package has been reduced by 32%.