South African travel-focused fintech, TurnStay.com, has secured USD300,000 (over R5.4 million) funding from Silicon Valley and New York-based investors: DFS Lab and DCG. The company plans to use the funding to expand the business…
Browsing: Investments
The natural diamond market is experiencing significant pressure as consumers increasingly opt for more affordable and environmentally friendly alternatives. This shift is evident in the latest sales figures from the…
South Africa’s new pension fund regulations, set to commence on September 1, will allow savers early access to a portion of their retirement savings, potentially leading to significantly better outcomes…
A cluster of three wind farms, called the Koruson cluster, in the Eastern Cape area of South Africa is nearing completion.
The Africa-focused VC firm has already backed nine start-ups, including Numida, Hohm Energy, Socium, Klasha, Kwara, Coachbit and Sava, and will be aiming to achieve a minimum of 40 Tech start-up investments from this first fund.
In a move that has stirred the luxury goods industry, Bernard Arnault, chairman and CEO of LVMH, has taken a personal equity stake in Richemont, the parent company of Cartier.…
The world’s largest coin trading platform, Binance, hits a new record in user numbers despite ongoing legal battles with regulators in various countries such as Nigeria. The world’s largest crypto…
Bob van Dijk, the former CEO of Naspers, received a substantial R330 million from the company over the past year, with additional payments expected in the current financial year. Naspers…
Amazon Web Services (AWS) has unveiled a major $230 million initiative aimed at bolstering startups worldwide in developing generative AI applications. This comprehensive support package will provide early-stage companies with…
Investors are hopeful that South Africa’s newly formed unity government can implement stable economic policies to revive growth, but they remain cautious about how the coalition’s primary partners will reconcile…
