The digital bank reaches its first monthly break-even point as deposits more than double and business accounts grow.
The backing will enable the company to extend its customer reach and develop additional propositions for mobile network operators.
Fibre deployment is part of the public finance institution’s development outcomes as its infrastructure funding reaches R62.4 billion.
AWS bets $2.3bn on Africa, MTN's AI vs data thieves & more | ITWeb Tech Headlines | 7–12 Sept 2026
These are the stories making headlines on ITWeb this week. Consulting firm IQbusiness is balancing a run of targeted acquisitions and offshore expansion into the UK and Middle East with a deliberately cautious approach to AI, with CEO Rob Godlonton warning that companies deploying the technology without solid digital foundations simply generate "AI vomit".
The consulting and tech services firm seeks fintech platforms it can scale across financial services clients, while taking local capabilities into the UK and Middle East.
As fintech firms fight for specialised skills, Lesaka and Altron FinTech take different approaches to finding and building talent.
Karen Nadasen joins Hyphen as chief client officer, overseeing sales, marketing, implementation and product input.
Lesetja Kganyago emphasises the symbiotic relationship between innovation and regulation, as the central bank readies the National Payment Systems Bill.
The retail group extends its financial services ecosystem after finalising the acquisition of an initial 51% stake in R&A Cellular.
The mobile network operator delivers strong growth, robust cash generation and increased returns in the first half of 2026.
The workforce management platform serves 250 000+ frontline workers across 200+ companies and plans to expand its AI-native offering.
The local fintech grows from a two-person start-up into a 100-client firm processing more than R1 billion in travel payments.
Stitch is now live with PayShap Request, with multiple acquiring bank partners and automated transaction routing.
NTT Data Ditches Data Centres for Services | ITWeb Tech Headlines 27 Jul – 1 Aug 2026
These are the stories making headlines on ITWeb this week. NTT Data South Africa has sold seven data centres in a sale-and-leaseback deal with Open Access Data Centres, shifting its focus from owning infrastructure to delivering integrated managed services. Meanwhile, Standard Bank's business and commercial banking unit says data and AI are now its top priority, with CIO Fezile Dali revealing GenAI is helping staff anticipate client needs faster.
AI fuels SA's venture capital boom, e-hailing shake-up & more | Tech Headlines | 20–25 July 2026
These are the stories making headlines on ITWeb this week. South Africa's venture capital sector is entering a new maturation phase, with artificial intelligence emerging as the next major catalyst for deals — a new study finds the local industry has deployed over R16 billion across more than 1 100 companies in the past decade, with fintech driving roughly half of all successful exits.