The acquisition, from Standard Bank, has been unconditionally approved by the South African Competition Commission.
The online money transfer service calls for a huge shift from informal to formal remittances through faster adoption of digital financial services.
Venture capital firm UW Ventures and Allan Gray invest millions in the Cape Town-based fintech company’s scaling ambitions.
With OneView from Nebula, powered by Microsoft Azure, Pick n Pay's cost allocation and recovery process is streamlined and report generation is automated.
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.
After gaining 4 000 investors, the crowd farming platform expands its offerings to include shared farming service, GrassBeef by Livestock Wealth.
Increasing IT business and financial transparency for better success.
The company institutes a no work, no pay policy for non-essential employees, while others receive their salaries on a loan or advance basis.
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
Through a joint platform with Vulatel, the company signs an agreement to acquire wireless telecommunications sites in South Africa.
Through a Section 189 process, the company starts consulting with stakeholders and employees, with a view to implementing a new operating model.
The competition watchdog gives a fund owned by the bank the green light to acquire Mulilo Prieska and De Aar projects in SA.
The retail giant sees a massive spike in its online segment since the nation-wide COVID-19 lockdown came into force.
The company says it is undertaking financial restructuring to pave the way for future innovation and growth, and filing for bankruptcy protection is part of the strategy.