The companies have each bought minority shareholdings in the Stellenbosch-based innovator in a multimillion-dollar transaction.
The capital injection will be used to fund international expansion and research and development.
The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Futurist Tom Raftery looks at the future of blockchain technology and machine learning, and how it will impact organisations.
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 ICT solutions company will dispose of its Westcon-Comstor business to US-based Synnex for R10.5?billion.
The initial public offering is on track to be the largest in the 19-year history of the Dar es Salaam Stock Exchange.
Telkom has revealed the details about its new subsidiary?which will focus on monetising the group's extensive property?portfolio.?
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
Net1 CEO Herman Kotz? believes looking to the South African Post Office to distribute payments is a logical step, but the government entity needs to cover rural and urban areas.
The operator added almost 1.3 million new mobile subscribers in the year to 31 March 2017, helping to boost service revenue by 38%.
The major Vodacom shareholder has expressed its support for the R35 billion deal and plans to vote in favour of it at a future general meeting.?
The telecoms operator is reportedly planning a major structural overhaul that could see it split into four separate units.
The technology group says it could only afford to move forward with two out of three planned investments, and Cell C and DNI were the chosen deals.