Author: Gugu Lourie

Revix, a FinTech investment platform with offices in Cape Town and London, plans to launch its mobile application in two months. The startup uses some of the R58.5 million it raised from an off-shore capital funding to build its app. “We are launching our mobile app in two months, which is quite exciting,” Sean Sanders, the founder and CEO of Revix, told TechFinancials in an interview. The launch of the mobile app comes at a time when the company’s platform is gaining traction. Sanders said the platform has more than 22 000 customers and is growing fast. Revix was founded…

S outh Africa’s FinTech investment platform Revix aims to expand its operations into Europe and the Middle East. The platform with offices in Cape Town and London is also not discounting setting up operations into the rest of Africa, especially in key markets of Nigeria, Kenya, and Egypt. “We would love to grow more into Africa,” Sean Sanders, the founder, and CEO of Revix, told TechFinancials in an interview. “The big conundrum we face in Africa is the regulation side of things.” Sanders said Africa was very slow to adopt cryptocurrencies regulations and introduce new innovative regulations. “As a…

South African-founded Revix is bringing simplicity, trust, and excellent customer service to the crypto investment space. The FinTech investment platform with offices in Cape Town and London enables South Africans to invest in a bundle of the top cryptocurrencies, Bitcoin, Ethereum, Gold, and more. Revix was founded in 2018 on the principle that everyone should invest their own money and become their wealth manager. The company’s customer growth has mirrored the exponential rise in the cryptocurrency market, which is valued at over $2 trillion or R29 trillion – making the digital asset class more valuable than Apple. Sean Sanders, the founder,…

Swiss Investment Company Crypto Valley Venture Capital will use its new Cape Town office to look for early-stage startups in Africa. More and more blockchain applications are being implemented across the African continent. According to the 2020 Global Crypto Adoption Index, South Africa, Kenya and Nigeria have the highest rates of crypto and blockchain adoption worldwide. It was highlighted that there is a very high understanding of the potential of this technology in South Africa in particular. Crypto Valley Venture Capital’s goal in Africa, together with partners from the Swiss State Secretariat for Economic Affairs (SECO), the Federal Department of…

In the new 2022 AMG SL Roadster, Mercedes-Benz has designed the touchscreen to be adjusted electrically into a more vertical position. The German carmaker said in a statement that the touchscreen’s portrait format offers clear advantages, especially for navigation, as well as more space ergonomically. The first 300 SL Roadster is one of the most famous automobile icons. It’s minimalist and high-quality interior inspired the designers to create the interior for the new Mercedes-AMG SL. For the new edition of the icon, they created a mix of analogue geometry and digital world – called “hyperanalogue”. A good example of this…

The Volkswagen (VW) Group has unveiled a  bold new auto business strategy that aims to transform the group into a software-driven mobility company with a strong focus on its powerful brands and global technology platforms, providing synergies and scale as well as opening up new profit pools. Herbert Diess, the CEO of VW, laid out the strategy on Tuesday stating that VW is setting new priorities to leverage the opportunities arising from the electric and digital era of mobility, with sustainability and decarbonization as integral parts of its new strategy. “We set ourselves a strategic target to become global market leader…

The country’s communications watchdog said on Tuesday that it had received reports of vandalism of communications infrastructure, including 113 network towers. The attacks have resulted in the disruption of communication services, closure of some community radio stations and vandalism of network facilities. “We call on the communities to assist in guarding and protecting this critical infrastructure, and to exercise the highest levels of patriotism in this regard. Any disruption of communication services could prove disastrous and result in increased mortality as emergency calls may be directly affected,” said Independent Communications Authority of SA (ICASA) chairperson Keabetswe Modimoeng. The community can…

President Cyril Ramaphosa will today address the nation on government’s response to persistent public violence in parts of the country. The exact time of the President’s address will be announced in due course, the Presidency said in a statement. The address follows the announcement by the South African National Defence Force (SANDF) that it has commenced with pre-deployment processes and procedures in line with a request for assistance received from the National Joint Operational and Intelligence Structure (NATJOINTS). The request entails SANDF support for police operations in parts of KwaZulu-Natal and Gauteng. “In terms of Section 201(2)(a) of the Constitution,…

Virgin Galactic, a vertically integrated aerospace and space travel company, announced that the flight window for the next rocket-powered test flight of its SpaceShipTwo Unity opens July 11, pending weather and technical checks. The vehicle will set off for the 1.5-hour mission above New Mexico at about 4 pm local time. For the first time, Virgin Galactic will share a global livestream of the spaceflight. Audiences around the world are invited to participate virtually in the Unity 22 test flight and see first-hand the extraordinary experience Virgin Galactic.com is creating for future astronauts. The livestream will be available to watch…

Coca-Cola is planning to open a digital delivery centre in Johannesburg and will be recruiting people in data analytics and software engineering roles. Two months ago, Coca-Cola established a new digital hub in Dublin to help accelerate its digital transformation, creating 40 jobs in its first phase. The Dublin hub is one of six worldwide and will create jobs for data engineers, software developers, data analysts and technical experts. Recruitment is already underway. Johannesburg rounds out the list and serves as the latest example of Coca-Cola’s savvy investment in its global digital network. Like other service centres, this teams’ efforts…