Author: Gugu Lourie

Discovery is a global, integrated financial services organisation that uses a pioneering Shared-value model across businesses with operations in 39 markets globally. Discovery has leveraged fintech, actuarial and behavioural science for more than two decades to deliver on its core purpose – To make people healthier and enhance and protect their lives. The JSE-listed company has more than 13 700 people employed across the group. The company has over 40.5 million lives impacted globally. The company founded and led by Adrian Gore is valued at R98 billion on the JSE. Discovery builds market-leading businesses from the ground up through its disruptive Shared-value model.…

inq. Nigeria today announced the appointment of Ifeanyi Akosionu as its Managing Director, effective from October 3rd, 2023. With an extensive background spanning over two decades in transformative leadership within the African technology and telecommunications sectors, Ifeanyi brings a wealth of expertise and experience to his new role. Prior to joining inq. Nigeria, Ifeanyi served as the driving force behind product and commercial development in West Africa at Atlas AI. He also held the esteemed position of Telecommunications and Fintech Commercial Director for Sub-Saharan Africa at Verraki Africa. His impressive career includes leadership roles at prominent companies such as Commscope,…

MTN South Africa has introduced a new fibre service, MTN Fibre, as part of its Ambition 2025 initiative to provide cutting-edge connectivity solutions to customers. This offering combines high-speed internet with unparalleled reliability, starting at just R349 per month, which covers both the router and installation costs. “MTN Fibre is redefining the way our customers connect and communicate in an increasingly digitised world”, says Bertus Van Der Vyver, MTN SA GM: Residential. “Whether for remote work, gaming, entertainment, content creation, or just to simply stay in touch with friends and family, MTN Fibre offers South Africans the best in broadband…

African Bank announced that it has entered into a binding heads of agreement with Sasfin Bank and Sasfin Private Equity Investment Holdings, a subsidiaries of the listed entity Sasfin), to acquire its Capital Equipment Finance (‘CEF’) and its Commercial Property Finance (‘CPF’) businesses, as going concerns in one indivisible transaction. The value of the transaction is approximately R3.2 billion, using the 28 February 2023 net asset values for the CEF and CPF advances books, which will be adjusted at the closing date of the transaction. The CEF business is valued at R2.4 billion, consisting of the advances book and a…

The Empire Partner Foundation (EPF) is excited to announce the final call for nominations for the prestigious EPF Tech Awards. This annual event celebrates exceptional achievements and innovations in the technology industry across various categories. The EPF Tech Awards recognize outstanding individuals, organizations, and companies that have made significant contributions to social development and the technology sector. With a wide range of award categories, the awards aim to acknowledge excellence and innovation in the tech industry. The Award Categories Include: Lifetime Achievement Award Tech Industry Leaders NPO/NGO Impact in Social, Youth & Innovation Global Impact – Foreign Companies Making an…

Xsolla, a global video game commerce company, today announced its strategic acquisition of Lightstream, Rainmaker, and API.stream from Videndum, the parent company. These innovative sets of tools are designed to revolutionise the landscape of content creation and distribution. This acquisition underscores Xsolla’s recognition of the tremendous value creators bring to the gaming ecosystem and is dedicated to building and strengthening relationships with talent agencies, creators, and their audiences. Xsolla Partner Network already serves as a one-stop solution for engaging developers and publishers and exploring new revenue and rewards opportunities. With the acquisition of Lightstream, Rainmaker, and API.stream, Xsolla will allow…

TymeBank, a rapidly expanding digital bank, revealed today that it has reached a milestone of eight million customers as of October 6, 2023. This achievement signifies that one out of every five eligible South Africans now holds an account with TymeBank, solidifying its position as one of the world’s fastest-growing digital banks. “We are immensely proud of the fact that we have acquired eight million customers since launching in February 2019,” says TymeBank CEO Coen Jonker says.  “Our performance reinforces our position as one of the world’s fastest growing digital banks and a credible alternative to the legacy banks for…

To combat the energy crisis, MTN South Africa has committed significant funds to enhance its tower infrastructure. This effort includes integrating backup batteries and generators to ensure a continuous power supply. Charles Molapisi, the CEO of MTN South Africa, has announced an additional investment of R1.5 billion for the fiscal year 2023 to bolster these initiatives. Highlighting the severity of the energy crisis in South Africa, Molapisi revealed, “In 2022 alone, we had to deploy over 2,000 backup generators, consuming more than 400,000 liters of fuel monthly.” This new investment aims to address this challenge and strengthen MTN’s infrastructure for…

Discover the latest episode of TFS Bag of Words, where MTN South Africa’s Bertus Van Der Vyver delves into the groundbreaking MTN SuperFlex mobile plan. In a world where the cost of living can cause frustration, the burden of expensive mobile plans should not add to your worries. MTN addresses this concern with its innovative solution, MTN SuperFlex, a month-to-month SIM-only plan that prioritises your convenience. In this engaging podcast, Van Der Vyver, General Manager for MTN Residential, sheds light on how MTN SuperFlex aims to transform the way customers perceive mobile plans. He discusses the challenge of providing both…

Banking group Nedbank announced Friday that Mteto Nyati is stepping down from its board of directors. His resignation is with effect from 9 October 2023 because of increased capacity constraints, said Nedbank. “Mteto accordingly also steps down as a member and chair of the Group IT Committee, and member of the Group Directors’ Affairs Committee and Group Risk and Capital Management Committee,” the banking group informed investors. Nedbank Group Chairperson, Daniel Mminele, thanked Nyati for his contribution to the deliberations of the boards since his appointment. The group wishes him well in his future endeavours. The bank added that all…