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Mastercard to invest R1.5-billion into Airtel Africa’s fintech unit
Mastercard will pump US$100-million (R1.5-billion) in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion (R39.2-billion), the London-listed company said on Thursday. Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the
Mayo women urged to apply in time for business awards
Network Ireland is calling on members in Mayo and across the country to apply for their prestigious Businesswoman of the Year awards ahead of the deadline on April 16. The annual programme highlights the achievements of women who understand business, who are passionate about their career, and show a determination to succeed no matter what
PPC removes DRC millstone
PPC's shares rose as much as 26% yesterday after it postponed a possible rights issue after reaching a deal to restructure debt at its PPC Barnet business in the Democratic Republic of Congo (DRC) and as it reported improved sales. It has also made good progress with the sale of its PPC Lime business. In
Vodacom RT15 contract with government extended for another five years as part of RT15-2021
Four years after the Mobile Communication Services contract was established and awarded to Vodacom Business in 2016, National Treasury has chosen to retain the services of Vodacom, awarding the company with a new mobile communication services contract. This after government technology expenditure had been significantly reduced, using innovative digital solutions within several departments and municipalities
National treasury opens up massive telecoms supply contract
National treasury has published a new five-year contract for the supply of “transversal” telecommunications services to government entities. The contract — worth billions of rand over its full term, which runs from 1 April 2021 to 31 March 2026 — is now open to other service providers, with MTN South Africa on Tuesday expressing delight at
Sony is letting go of their PlayStation Store for PS3 in July and Vita in August
Sony is officially closing its PlayStation Store for the PlayStation 3 on July 2nd, with the store shuttering for Vita devices on August 27th. The shutdowns mean you’ll no longer be able to purchase digital copies of games or DLC for the PS3 and Vita. Sony is also removing the remaining purchase functionality for its PlayStation Portable
Orion Minerals raises mineral resources estimates at Okiep
Orion Minerals has raised estimates for mineral resources under the ground at its Okiep Copper Project (OCP) in the Northern Cape following due diligence work. Its shares rose as much as 20%. In an update yesterday, the exploration and development company, which is also listed on the Australian Securities Exchange, said resource estimates completed for
FNB ramps up local investment with a revamp of 53 additional branches nationwide
30 March 2021 – FNB is accelerating its investments in local markets by revamping an additional 53 branches to integrate new world-class technologies and improve customer experience for its Retail and Commercial customers. In the last two years, the Bank has revamped over 130 branches to enable easy access to assisted and unassisted financial services for customers. Jacques Celliers, CEO of FNB
How to Save for your Child's Education
All parents know that school and university fees can be expensive. But saving for your kids' education doesn't have to drain the bank account. The trick is to start saving early and to look at your options. Read on to kickstart your savings. Here's the secret. It's never too early or too late to save
Basetsana Kumalo shares some valuable advice for women in business and SMME's on her 47th birthday
Mentorship has long been established as a huge difference-maker, especially for people just starting out or people embarking on a new professional path. This level of support has proven especially beneficial for professional women, who do best when they’re able to get insight and advice from other professional women. Business Tech Africa's editorial team saw
Strengthening SA’s SMMEs by strengthening black-owned accounting practices
First National Bank (FNB), in partnership with Xero and Edge Growth, announce the launch of the FNB Xero Programme for Accounting Practices (FXP), a developmental initiative that will capacitate small black-owned accounting practices, and by extension the South African SMME sector. Applications for the programme will be open from 6April on the Edge Growth website to registered
Check Point Software Technologies Applauds Channel Partners as Key to Success in Africa
Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber-security solutions globally, has recognized the success of its leading African channel partners at its annual African Check Point Partner Day and Award Ceremony, held virtually on March 25. Speaking at the virtual event, Pankaj Bhula, Regional Director of Check Point Africa said, “We
SA traffic officers to wear body cameras
South African traffic officers will be issued with body cameras to ensure the safety of both law enforcers and members of the public. In a statement ahead of the Easter festive season, the Department of Transport said that the cameras will be a useful tool in dealing with the high levels of bribery incidents by
The South African Reserve Bank keeps repo rate steady at 3.5%
The South African Reserve Bank (Sarb) decided to keep the repo rate steady at 3.5% on Thursday, following the conclusion of its latest Monetary Policy Committee (MPC) meeting. This is in-line with expectations of most economists and market commentators. The unanimous decision to hold the rate for the fourth consecutive MPC meeting, means that the
Inspirational! The First Women Owned Bank In South Africa Underway #YWBNmutualBank
Inspirational! The First Women Owned Bank In South Africa Underway. Finally this long term dream has become a reality. Young Women in Business Network (YWBN) is in the process of starting the First Women’s Co-operative Bank in South Africa. The bank will focus on professionals, entrepreneurs and business people. Although men are welcome in this
Smartphone maker Xiaomi ‘to make electric cars’
China’s Xiaomi plans to make electric vehicles (EVs) using Great Wall Motor’s factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race. The tech firm’s stock price was up more than 9% in afternoon Friday trade after Reuters reported the plan. Great Wall’s Hong
Safaricom launches East Africa’s first 5G network
Kenya’s biggest telecommunications operator has started trials for 5G high-speed Internet network using technology from Nokia and Huawei, it said. Safaricom, part owned by South Africa’s Vodacom Group and Britain’s Vodafone Group, wants to boost its fast-growing data business, amid increasing demand due to the Covid-19 pandemic forcing people to work and learn from home. The
Uber partners with ScriptDrop for prescription delivery
Pharmacies using prescription delivery service ScriptDrop will deliver medications to customers through Uber, the company announced today. Uber will be the default delivery service for ScriptDrop pharmacies in 37 states and will eventually expand to others. The service lets pharmacies offer prescription deliveries for patients. The tool can integrate with whatever organizational software the pharmacies
FNB and Clicks celebrate one year in partnership with R79 million in eBucks earned by customers
25 March 2021: Since the launch of the partnership between FNB and leading health and beauty retailer Clicks, the Bank confirmed that its customers have earned over R79 million back in eBucks at Clicks. Raj Makanjee, CEO of FNB Retail and Private Banking says, “Clicks has been a committed partner in supporting our vision of making a
Nompumelelo Mokou to step-up as Dimension Data Southern Africa's MD
Dimension Data announced on Thursday that it has appointed Nompumelelo Mokou as MD of its important Southern Africa business unit, effective from 1 April 2021. Mokou joined Dimension Data in 2016 and has most recently headed up its Intelligent Customer Experience business for Middle East and Africa. In this role, she achieved “significant market share,