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Lesaka Technologies Acquires Adumo RF in R1.6 Billion Deal
JSE-listed fintech group Lesaka Technologies has announced its acquisition of payments platform Adumo RF for R1.6 billion in a combination of cash and equity, signaling a strategic move to strengthen its position in the payments industry. The deal comprises a cash component totaling approximately R232 million, funded by internal cash resources and external financing. Adumo's
Monzo Secures £150 Million in Funding to Drive International Expansion
The London-based challenger bank, Monzo, has successfully raised an additional £150 million ($190 million) in funding as part of its ongoing efforts to expand its presence internationally, with a particular focus on the United States market. This latest funding round follows closely on the heels of Monzo's £340 million ($425 million) raise just two months
Uber Expands Perks for Uber One Members in Subscription Revenue Drive
In a strategic move to bolster subscription revenue, ride-hailing giant Uber is set to roll out a slew of exclusive perks for Uber One members, including member-exclusive events and experiences. During Uber's first-quarter earnings call, Uber's chief financial officer, Prashanth Mahendra-Rajah, revealed plans to introduce more member-exclusive events, aiming to "surprise and delight" Uber One
WETILITY POWERS SUSTAINABILITY AT IDAS VALLEY PRIMARY SCHOOL
A significant milestone took place at the local Idas Valley Primary School in Stellenbosch on Monday, 29 April. The school, in collaboration with leading renewable energy solutions provider Wetility, unveiled its newly installed solar energy system. This markets a transformative moment for the school, its pupils and the surrounding community and facilitated in collaboration with
PayJustNow and Merchant Capital Forge Partnership for Growth
In a bid to bolster access to working capital for retailers, leading South African Buy Now Pay Later (BNPL) provider PayJustNow has joined forces with trusted alternative lender Merchant Capital to introduce a new cash advance offer, PayJustNow Advance. Craig Newborn, CEO at PayJustNow, underscores the challenges facing the retail sector amidst economic headwinds, which
The Rising Role of Enterprise Resource Planning (ERP) Systems in Global Collaboration
In an era where seamless collaboration and streamlined operations are paramount, companies worldwide are turning to Enterprise Resource Planning (ERP) systems to facilitate business intelligence, efficiency, and visibility. The global ERP sector is projected to reach a staggering worth of $87 billion (approximately R1.6 trillion) by 2027. The allure of these solutions stems from the
Advancing Data Security: Lenovo's Innovations Leading the Charge
In today's digital age, data security emerges as an unparalleled concern, resonating across businesses and individuals alike. Amidst the relentless evolution of cyber threats, traditional security measures often prove insufficient in safeguarding sensitive information from sophisticated attacks. As businesses increasingly rely on data to drive decisions and foster innovation, the imperative of robust data security
Google's Hustle Academy Re-launches with AI Focus to Empower African SMBs
Google today announced the opening of applications for the 2024 cohort of its Hustle Academy, a program dedicated to accelerating the growth of small and medium-sized businesses (SMBs) in Sub-Saharan Africa. This year, the program introduces a significant upgrade: business-focused AI training integrated directly into the curriculum. SMBs are the backbone of Africa's economy, yet
New research from Trend Micro shows cyberattacks relied on substance over size in 2023
The global cybersecurity leader, Trend Micro Incorporated has revealed that it blocked more than 159 million email threats, around 8 million malicious URLs and over 22 million malicious mobile apps targeted at South African businesses and consumers between January and December 2023. This as threat actors deviate from big-batch attacks to focus on a narrower range
NAMPO 2024: Cultivating Connections, Knowledge, and Opportunities in Agriculture
Expos and conferences have long been hailed as indispensable events across industries, fostering networking, education, and business expansion. With NAMPO 2024 on the horizon, boasting the theme "Embracing Connectivity for Sustainable Growth," stakeholders in agriculture are urged to recognize the intrinsic value of attending this pivotal event. Dawie Maree, Head of Information & Marketing at
Telkom Champions Seamless Electoral Process
As South Africa braces for the impending 2024 National Elections, Telkom proudly reaffirms its crucial role in facilitating the smooth execution of this cornerstone of democracy. Serving as the trusted Information and Communication Technology (ICT) partner to the Independent Electoral Commission (IEC), Telkom stands ready to enable yet another significant milestone in South Africa's democratic
MTN achieves record 98% network availability in Limpopo
MTN SA’s nationwide modernisation programme continues to drive access to the connected world for more South Africans. In Limpopo, network sites with resilience are now achieving a record 98.33% network availability daily– as MTN’s modernisation drive kicks into high gear. The daily lives of communities continue to be improved as a result. For instance, eleven
Kore Potash to Debut on A2X Markets, Offering Enhanced Trading Opportunities
Kore Potash Plc (Kore Potash) is set to embark on a new chapter as it lists its shares on A2X Markets (A2X), opening avenues for trading starting from May 14, 2024, under the share code “KP2”. Kore Potash, an advanced stage mineral exploration and development company, is headquartered in England and Wales and presently listed
Radisson Blu GM among top of the class in SA hospitality sector
Elmarie Fritz, the general manager of Radisson Blu, was taken aback this year when she found out about her nomination for a prestigious national hospitality award. The unexpected news was followed by a moment of astonishment as she was honoured among the country’s top general managers in the sector during a grand awards ceremony in
Versofy Urges South Africa to Prioritize Water Crisis Preparedness Through Smart Technology
Versofy, renowned for its solar solutions and services, asserts that confronting South Africa’s water crisis must ascend as a paramount priority. As the company evolves into a necessity-driven entrepreneurial entity, it advocates for the continued deployment of smart technology to tackle the critical challenges of water scarcity in the country. Ross Mains-Sheard, Co-Founder and CEO
Google Invites Startups to Apply for its Google for Startups Accelerator Africa Program
Google has unveiled the commencement of applications for the 8th cohort of its esteemed Google for Startups Accelerator Africa program, showcasing a heightened emphasis on startups harnessing artificial intelligence (AI) and machine learning (ML) to confront pivotal challenges and unlock novel prospects throughout the continent. Startups stand as the cornerstone of innovation, propelling economic advancement,
How To Upgrade Your Skills and Close The Digital Divide
Do you have the skills to pay the bills? You need digital skills to succeed in your career or get the most from your own business or side hustle. Yet, many of us lack some of the basic digital skills, creating a divide between our dreams and our opportunities. What are these digital skills? What
Finalto SA Redefines Financial Services Landscape with Tailor-Made Brokerage Solutions
In the dynamic landscape of financial services, Finalto South Africa emerges as a trailblazer, offering advanced white-labelled brokerage solutions meticulously crafted for today's fiercely competitive market. With an unwavering commitment to innovation and excellence, Finalto South Africa empowers brokers and institutions with cutting-edge technology and comprehensive support, propelling them towards unprecedented success. Stanislav Bunimovich, Chief
Payfast Evolves to Network International
In a significant move, the trusted name in online ecommerce payments, Payfast has undergone a transformation to become 'Payfast by Network,' aligning itself with Network International's extensive suite of payment solutions while preserving the renowned Payfast experience. David Adams, the Southern Africa Regional Managing Director at Network International, affirms: "Our partners, merchants, and consumers can
FlySafair's Annual Mega Sale Returns: Celebrating 10 Years with R10 Tickets
FlySafair, South Africa's renowned low-cost carrier, is bringing back its highly anticipated annual mega sale this morning, May 8, 2024, as part of its 10-year birthday celebration. Commencing at 9 am, the sale will offer a staggering 50,000 seats on selected domestic flights at an unbeatable price of R10, inclusive of airport tax. As in