For the year, the fintech company generated R206 million in cash, translating into a cash conversion rate of 100% of trading profit.
The companies agreed to merge their British businesses in a $38 billion deal.
Logistics company DHL Express acquires a minority stake in UK-based e-commerce solutions firm, Link Commerce.
The agency says as soon as the vetting processes are completed, the payments will start rolling out at a faster pace.
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.
South African SMEs have been forced to rely on online peer-to-peer donations to keep afloat during the extended nation-wide lockdown period.
The investment will be used to deepen Inclusivity’s footprint within its existing markets and support further international expansion.
Cell C is the biggest casualty as local cellular networks have increasingly become undifferentiated when it comes to customer satisfaction, says Consulta.
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 tradeXpad trade-finance platform provides direct access to funding opportunities from multiple private funders and traditional banks.
The company will forgo monthly cash withdrawal fees of between R18 million to R20 million while Saswitch fees are waived.
Phishing sites and phishing attacks have exploded since the outbreak of the coronavirus, says Ovations Group.
The ride-hailing firm looks to scale its food delivery, taxi-hailing and micro-mobility arms after securing funding from Naya Capital.
The state-owned company looks to install over 800 000 digital migration decoders by next March, and courts signal distributor Sentech to help with project management.