As global financial services companies race to achieve quantum supremacy, SA’s First National Bank ramps up its research into quantum finance.
The bank’s clients paid close to R500 million in subscription and gift card purchases from Netflix, Showmax and Spotify in the last 12 months.
Woven acquires SA-based BYC Aqua Solutions, a provider of call centre solutions, for an undisclosed amount.
The bank’s half-year results show total credit card spend was R2.6 billion and total credit limits granted sat at R2.5 billion.
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 fresh funding will enable the ongoing expansion of CrossBoundary Energy’s commercial and industrial solar services.
The process to liquidate Yekani Manufacturing has been frozen, pending a hearing on the business rescue application.
The company is selling its security unit to investors led by Symphony Technology Group.
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 investment was led by Sequoia Capital Global Equities.
The virus fallout ripples through the global ICT sector, leading to disrupted supply chains and potential hikes in tech product prices.
The fund will invest in opportunities for innovators in the video entertainment industry and technology sectors.
The telco reportedly falls out of favour with prime minister Thomas Thabane’s government after sharing his call records in a murder investigation.
The business is taking control of the technology stack, according to Deloitte.