Criminals operating on social media promise high returns while falsely claiming to represent African Rainbow Capital.
The US company cites the local resource pool as among its reasons for establishing its Johannesburg-based operation.
Spinnaker Support announced its formal entry into the South African market in partnership with African Rainbow Capital.
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.
ITWeb Turns 30 as MultiChoice Axes Showmax, Nedbank Boosts Tech Spend and Spinnaker Enters SA Market
In this week's tech news roundup, This year marks our 30th anniversary at ITWeb – the company that pioneered technology media reporting in South Africa back in 1996. We now have a live feed that chronicles our journey from where we started to where we are today. Other than that, MultiChoice, which was recently acquired by French-based media giant Canal+, this week announced the forthcoming discontinuation of its Showmax streaming platform.
The third-party software support service launches a Johannesburg-based operation backed by African Rainbow Capital.
The Competition Commission concludes that the transaction is unlikely to lessen or prevent competition.
Leveraging tech to drive growth and operational efficiency, TymeBank is progressing toward sustainable monthly profitability, says African Rainbow Capital.
The Patrice Motsepe-owned digital banking group is now valued at R26.7 billion after securing R4.4 billion in the latest capital raise, to fuel its next phase of growth.
TymeBank achieves sustainable profit levels, while GoTymeBank continues to track in line with its key metrics, says ARC.
The purchase will be settled through the combination of an issuance of Lesaka common stock to Adumo’s current shareholders plus R232 million in cash.
After setting up shop in the Philippines, Tyme Group prepares to establish a third bank in Vietnam.
The digital bank reaches profitability, becoming the first branchless financial institution in Africa to break even.
The digital bank is closing its Series C capital raise with a combination of existing and new shareholders.