An MTN Nigeria subsidiary receives a licence from the country’s central bank, to provide financial services.
The company posts a 23.2% increase in revenue in the first half of 2019, defying an onslaught from the US.
The US-based software firm readies to further develop its business and expand its team, after a funding boost from HAVAÍC.
The JSE-listed company acquires a 26% stake in in Cape Town-based technology start-up Mobii Systems.
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.
Since its launch a year ago, the insurtech start-up has witnessed a massive increase in its user base, with 454% user growth in 2Q2019.
The company migrates customers from legacy copper to new fibre and investigates ways to remodel its systems.
In its maiden results on the Nigerian Stock Exchange, the company delivers double-digit growth in service revenue.
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 partnership will see local start-ups, which have successfully raised capital via Uprise.Africa, listed on ZAR X.
The telecommunications company says its subsidiary is arresting declining financial performance and is now ‘stabilised’.
Under the deal, approximately 2 200 Intel employees will join Apple, along with intellectual property, equipment and leases.
Naspers pumps funding into the global educational technology platform to help fuel its US expansion and further develop its platform.
The financial services company renames its business, Indie, to Sanlam Indie, aiming to cement its credibility in the market.