Author: Gugu Lourie
Money transfer company Zepz – formerly known as WorldRemit – is looking for more acquisitions and tech talent in Africa. Zepz recently acquired IMGN Technologies, a South Africa-based software development company with 31 software engineers. Terms of the acquisition were not disclosed. London-based money transfer company Zepz is set to play an important role in supporting the 2023 client acquisition and retention plans with its investment in technical talent in Africa. Zepz, which operates through WorldRemit and Sendwave, says it is committed to growing its footprint, introducing new products, and optimising them on the African continent.…
Eskom on Friday morning announced the appointment of Calib Cassim as Interim Group Chief Executive Officer with immediate effect. The power utility is currently implementing Stage 6 load-shedding. Eskom said in a statement that Cassim will lead the Eskom management team until further notice. Cassim was appointed as Eskom’s Chief Financial Officer (CFO) in November 2018 after serving as Acting CFO from July 2017. He is a registered Chartered Accountant (SA) and holds a master’s degree in Business Leadership (MBL). With over 20 years of service in Eskom, his qualifications and extensive experience have provided Mr Cassim with a deep…
JSE listed REIT, Octodec Investments, today unveiled the new look and feel of its Shoprite building in the heart of the Tshwane CBD – a R60 million investment project announced in August 2022 to boost and uplift the bustling central node. Jeffrey Wapnick, MD of Octodec, says, “This project cements our commitment to the City of Tshwane which continuously presents growth opportunities for our already dominant inner-city retail and residential portfolio. It represents a renewal of our relationship and an upgrade of our service to a city that is increasingly attracting national retailers”. “We are excited to see this new…
Customers can look forward to a particularly immersive entertainment experience in the new Mercedes-Benz E-Class. Music, games and streaming content can be experienced in the car with almost all the senses. Thanks to digital innovations in the interior, the E-Class is now more intelligent, achieving a new dimension of personalisation and interaction. At the same time, the electronic architecture is more software-driven and less hardware-driven. This forms the basis for more individual updating of the interior systems in the future. The new E-Class is packed full of interesting and advanced features such as third-party apps optimised for the vehicle for…
It may come as no surprise that smart homes are the future with worldwide household penetration predicted to reach 28.8% by 2027 up from 14.2% in 2022, according to Statista. But where in the world is already embracing smart home properties and smart devices the most? To answer this, Compare The Market has created an index by analysing worldwide property listings and relevant smart home search terms. Smart homes refer to any technology that can be controlled through a smartphone or computer – think heating, lighting, and security cameras. Below are the top 25 countries according to the research Taking the…
The world’s first convertible with a purely electric drive is a MINI. From idea to small series in less than eight months. The MINI Cooper SE Convertible sets another strong impulse on the way to becoming a fully electric brand. Following the positive feedback on the unique specimen presented in summer 2022, MINI is now going ahead with a small series of the all-electric MINI Cooper SE Convertible, which represents another big step in the direction of electric mobility. The world’s first locally emission-free premium convertible in the small car segment shortens the transition period to the introduction of the…
Scatec ASA has today signed an agreement with a subsidiary of Stanlib Infrastructure Fund II, managed by Stanlib Asset Management (Stanlib), to sell its 42% equity share in the 258 MW Upington solar power plant for a gross consideration of R 979 million. Scatec, a renewable energy company in emerging markets, is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange “Today’s transaction is in line with our strategy to optimise our portfolio as presented at our Capital Markets Update in September 2022 and will release capital for new investments in renewable energy,” Scatec CEO Terje Pilskog. “We…
Vodacom Financial Services saw revenue reached R2.6 billion in the quarter to end-December 2022, up 30.6%. The Vodafone-owned company said in South Africa, growth was fuelled by its insurance business, which posted revenue growth of 13.5% and a pleasing recovery in Airtime Advance revenue growth. What is Airtime Advance? When you’re out of airtime or data, you can get airtime or data in advance when you need it most and only pay the next time you recharge your account. It is a self-service option that allows Vodacom prepaid customers to receive airtime or data in advance and pay for it…
Vodacom announced today that its South Africa operation recorded a 9% rise in data customers to 25.5 million in the quarter to end-December 2022, representing 70.6% penetration of one-month active customer base. The Vodafone-owned telco added that the number of 4G devices on its local network increased 11.4% to 19.2 million. The company also saw a 14% rise in prepaid data revenue to R3 billion. “Smart devices on our network were up by 13.0% to 29.5 million, while the average usage per smart device increased 27.4% to 3.2GB per month,” said Vodacom. The service revenue of the South African operation…
Vodacom announced today that its Super App, VodaPay, has added 800 000 new users in the quarter ended 31 December 2022. The VodaPay super app is available for download from Apple and Android app stores. VodaPay delivers a digital shopping, lifestyle and financial platform for consumers and businesses. “In addition to delivering value to shareholders by ensuring the smooth integration of Vodafone Egypt into the Vodacom Group, we remain firmly focused on our purpose of connecting people for a better future and, in particular, assisting customers impacted by cost of living constraints,” said Shameel Joosub, Vodacom Group CEO. “A prime example of…