The fintech firm raises R362 million in Series A funding, aiming to expand its Pan-African payment infrastructure platform.
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.
The French group reports a 40% revenue increase to R81.8 billion, driven by the consolidation of MultiChoice’s financial results.
Former MultiChoice Group CEO for Rest of Africa Fhulu Badugela is stepping down from her role at the end of this month.
Digital Election Risks, Telkom Growth and Crypto Uncertainty Lead ITWeb Headlines
These are the stories making headlines on ITWeb this week. Firstly, a new report by the Johannesburg-based Campaign on Digital Ethics (CODE) warns that South African voters will enter the 2026 local government elections with fewer protections against online manipulation, voter suppression and discriminatory political targeting, as election campaigning increasingly shifts to algorithms and social media platforms controlled by global technology companies.
Media giant Canal+ is the first French company to list on the JSE, following its purchase of MultiChoice last year for $3 billion (R52.2 billion at the time).
Backed by the Bolloré family, Canal+ begins trading on the JSE tomorrow as it targets growth across the continent.
Showmax Originals and select titles will move to DStv Stream, where they will have a dedicated section within the app, says Canal+.
The Competition Commission monitors compliance conditions related to Canal+’s acquisition of MultiChoice, including looking into the forthcoming shut down of Showmax.
Rising Data Centre Costs, Global Conflicts Disrupt IT Spending as SA Banks Accelerate Digital Growth
In this week's tech news roundup, South African data centre providers warn that cloud computing and web hosting costs will rise in 2026 due to surging infrastructure and energy expenses. However, geopolitical conflicts—like those involving Israel, the US, and Iran—are disrupting IT spending patterns in unprecedented ways, as Phillip de Wet notes.
MultiChoice’s new owner deploys AI to generate previously impossible scenes and cut costs, as the industry debates AI’s role.
The cash is a reinvestment of the synergies Canal+ expects from combining the businesses, which together now serve 28 million subscribers.
Canal+ reports its first financial results since acquiring MultiChoice, with the South African pay-TV operator boosting group revenue by R13 billion.
The substantial annual losses experienced by the Showmax business have proved unsustainable, says the video entertainment firm.
The French media giant believes increased scale will enable it to generate substantial savings, particularly across its cost base.