The company sees higher-margin business, as it moves its clients onto its own platform.
Mobile banking apps have seen phenomenal growth and acceptance by customers in South Africa. So which bank has the best one? I set out to find out.
The company has a budget of between R700 million and R800 million for a local acquisition.
The Guma Group, founded by Gijima's chairman, agrees to subscribe for 36.5% of a rights offer that aims to raise R150 million.
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 Absa banking app services all clients, from individuals, to businesses and households.
The company denies there are governance issues and accuses the Kirsh family of being "mischievous".
The entity will have retained earnings of almost R1 billion by 2016.
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
While the company's loss per share will increase by between 190% and 195% in the first half of the year, its headline loss per share will narrow.
The growth in smartphone sales helped ZTE post a gross profit margin of 16.8% in its terminals division in 2012.
The results miss analysts' expectations, after the company delays the launch of its flagship HTC One device in most markets.
The Kirsh family wants FoneWorx's non-executive directors ousted, after a merger between its Value+ company and FoneWorx goes south.
Business debt stress indicators accelerated in the fourth quarter of 2012, according to the KreditMetrix report published by Experian SA and Econometrix.