The investment focuses on three key areas: job creation, skills and talent development, as well as national cyber security.
The company will pay a record amount for allegedly illegally collecting personal information from children without their parents’ consent.
The new digital bank now has more than 22 000 clients, with over 50 000 accounts, after 1.5 million hours spent building 120 interconnected systems and infrastructure.
The company’s shareholders decide to stop the corporate action process and rather accelerate growth based on market potential.
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.
Three black-owned fintech start-ups – Zande, Bright On and Livestock Wealth – receive a multimillion-rand cash injection from investment vehicle AlphaCode.
The finance union says it supports digitalisation in the sector but banks must assist employees with the transition.
Logicalis purchases a 70% interest in Cilnet, a Cisco systems integrator; and acquires Orange Networks, a Microsoft services business.
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 10 participants in the Grindstone Accelerator grew revenue by 36%, collectively adding R35 million to their top line.
Entrepreneurs Thandile Jwambi and Nicolas Kutumane chronicle the details leading to the IP theft standoff with the big four bank.
Sun Exchange unveils a R7 million Uprise.Africa campaign for approximately 5.2% equity stake in the company.
With an undeniable global trend towards digital transformation programmes, banking is undergoing a major software metamorphosis, says Matthew Barnard, executive head of banking at BBD.
Business intelligence empowers smart people to make constantly better decisions, faster and more effectively, says Turrito Networks.