Author: Gugu Lourie
African Rainbow Capital announced on Tuesday that it is selling its shareholding in South Africa’s Fibre-To-The-Home (FTTH) and Fibre-To-The-Business (FTTB)provider MetroFibre Networx “The ARC Fund has reached an agreement to dispose of its entire investment in MetroFibre, pending regulatory approval,” African Rainbow Capital informed investors on Tuesday. The company, which launched in 2010, is a high-growth player in South Africa’s FFTTH and FTTB markets. Over the last 10 years, MetroFibre has expanded its service offering to both residential and corporate customers in line with its strategic objective of being a diversified operator. The company is an internet infrastructure company that…
TYMEBANK, one of South Africa’s digital banks, has attracted 3.45 million customers as of 30 June 2021. The digital bank owned by billionaire Patrice Motsepe was launched in February 2019. The bank has no monthly banking fees and in most cases, transaction costs are 30 to 50% lower than what customers would pay at other banks. TymeBank is a digital bank that leverages the use of digital technology to make banking simple and affordable. The bank is focused on acquiring customers who want to benefit from lower banking costs as well as improved customer experience. The business managed to achieve its revenue…
Karooooo, the owner of Cartrack, has acquired the South African-based on-demand logistics provider Picup Technologies for R70 million. The company has acquired 70.1% of Picup Technologies. Founded in South Africa in 2014 – after its founder had a disaster of an experience with a Black Friday delivery, which sparked the famous light-bulb moment: “Logistics needs better tech!”. The vision was to develop technology that would improve efficiencies and reduce transportation costs for shippers and transporters through a single logistics platform connected to a marketplace of verified crowd-sourced drivers across Africa. Uniquely positioned in the on-line delivery operational management software industry,…
To understand the new smart monitors and other pro devices of tech health, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Routinely evaluating your risk factors for various medical conditions, screening for cancer and other diseases, and assessing your lifestyle habits helps you stay healthy. It’s…
To understand the new smart monitors and other pro devices of tech health, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Routinely evaluating your risk factors for various medical conditions, screening for cancer and other diseases, and assessing your lifestyle habits helps you stay healthy. It’s…
To understand the new smart monitors and other pro devices of tech health, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Routinely evaluating your risk factors for various medical conditions, screening for cancer and other diseases, and assessing your lifestyle habits helps you stay healthy. It’s…
To understand the new smart monitors and other pro devices of tech health, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Routinely evaluating your risk factors for various medical conditions, screening for cancer and other diseases, and assessing your lifestyle habits helps you stay healthy. It’s…
To understand the new smart monitors and other pro devices of tech health, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Routinely evaluating your risk factors for various medical conditions, screening for cancer and other diseases, and assessing your lifestyle habits helps you stay healthy. It’s…
The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R50 million on research firm Viceroy Research and its partners, Mr Aiden Lau, Mr Fraser John Perring and Mr Gabriel Bernarde over a damning 2018 report it published on Capitec Bank. The FSCA said the penalty imposed was jointly and severally payable by Viceroy Research and partners within 30 days from the date of the order. The FSCA said Viceroy Research contravened Section 81(1) of the Financial Markets Act 19 of 2012 (FMA) in that during January 2018 they published false, misleading or deceptive statements, promises or forecasts…
On-demand grocery delivery service Checkers Sixty60 is now South Africa’s number one grocery app. It is South Africa’s first 60-minute grocery delivery service from a supermarket chain, as Checkers relentlessly innovates to respond to customers’ demands for hyper-convenience. The mobile app delivers groceries and drinks at the touch of a button and offers the same value for money for which Checkers is renowned. Users can track the status of their order and delivery in real-time. “The on-demand grocery delivery app has scaled rapidly, operating nationwide from 233 stores which serve as micro-fulfilment centres,” Shoprite informed investors today. “Sixty60 becoming the…