The company says without banking services, it will not be able to pay 1 200 employees, or procure critical risk management services for the business.
The regulator opens a new probe into the company’s share transactions right after concluding another investigation on different transactions.
To qualify for Voucher Advance, customers need to have been active on the Vodacom network for at least six months.
The JSE-listed technology services company attributes the jobs bloodbath in the last six months to asset disposals and contracts not being renewed.
The bank says digital channels contributed to a 35% increase in the number of digital transactions, amounting to R1.1 billion.
The company establishes its first physical presence on the African continent, 15 years after the launch of the micro-blogging platform.
The group says it is creating a single digital identity that individuals own and trust, and can be used widely by banks, government and businesses.
The start-up will also provide users with learning analytics that it says will be used for academic research in the future.
Locals are worried automation is putting many jobs at risk and the COVID-19 pandemic has fast-tracked the need for government intervention, says PwC.
This new positioning, the telecoms company says, builds further momentum to connect people to a more sustainable digital society.
Device manufacturers serving SA’s mobile carriers are set to score a big chunk of the newly-issued multibillion-rand government communications tender.
Vodacom, MTN, Telkom and Cell C drop their data prices, saying this will drive digital transformation in response to the consequences of COVID-19.
Samuel Mungadze ITWeb senior news journalist.
