Author: Gugu Lourie

Empire Partner Foundation, a distinguished philanthropic entity committed to the advancement of education and technological progress, today announce its collaborative endeavor with Midesk Global in delivering 50 Smart Desks to Mayibuye Primary School in Soweto. This charitable contribution, undertaken to enrich educational prospects and broaden student access, stands as a momentous achievement in the Foundation’s ongoing commitment to empowering marginalized communities through innovative solutions. The Smart Desks, thoughtfully equipped with a comprehensive ensemble including a school bag, desk, solar-powered light with charging port, and chair, are poised to redefine the learning experience for Mayibuye Primary School students. The seamless integration…

South Africa’s premier fintech focused on SMEs, Lulalend, has transformed into Lula, an encompassing cash-flow management and business banking solution. This rebranding signifies a pivotal shift from being solely a funding provider to an integrated cash flow management platform designed to streamline financial operations for SMEs. “Guided by our core belief that SMEs are the lifeblood of the South African economy, Lula aims to broaden our service offering to solve even more of the most common financial challenges small businesses face. To this end, we’re launching a business banking account tailor made for SMEs, complete with advanced financial management capabilities…

The Road Traffic Management Corporation, in collaboration with WeBuyCars, has unveiled a groundbreaking solution that enables the hassle-free online registration of motor vehicles and seamless transfer of ownership. This innovative initiative has been meticulously crafted to offer a streamlined and user-friendly approach for motor vehicle dealers and financial institutions. By facilitating direct online interactions with Natis, the system eliminates the need for cumbersome paperwork and visits to registration authorities. Months of meticulous development and rigorous testing alongside WeBuyCars have paved the way for this smooth and efficient introduction. This marks the latest stride in a series of technological enhancements within…

Solvyng is a Johannesburg based provider of information technology (IT) cloud services founded by Thulasizwe Mavuso. the company predominantly services the banking and asset management sectors and has recently focused its efforts and diversified to other sectors such as mining, retail, manufacturing and insurance. Solvyng is an amazon web service (AWS) advanced tier partner. its goal is to ensure that cloud services align with organisational objectives and business strategy, for seamless migration from legacy-to-cloud based systems. “We enable businesses to be more agile and resilient, reaching their bottom line quicker while saving cost and delivering more value to their customers.…

Bayobab, a subsidiary of the JSE-listed MTN Group, says it well on track to spend over $500 million or R10 billion investment in the expansion of its fibre business into an open-access network. CEO Frederic Schepens of Bayobab revealed to TechFinancials the company is in transition to separate MTN Group’s fibre business from the GSM network to unlock value within the business, attract strategic partners and comply with local regulation across our key markets. Schepens highlighted that the company is currently making significant strides in Zambia, where it has rolled out an impressive 4,000 kilometres of fibre. He added that…

Bayobab, a subsidiary of JSE-listed MTN Group, has successfully secured a significant contract to oversee the management, operation, and maintenance of the national fibre infrastructure within the Central African Republic. CEO Frederic Schepens of Bayobab shared with TechFinancials that this contract forms an integral part of the expansion strategy known as Project East2West. The overarching aim of Project East2West is to establish a terrestrial fibre optic cable network that connects the eastern and western regions of Africa. In a recent development in May 2023, Bayobab and Africa50 officially joined forces through a partnership aimed at propelling Project East2West forward. The…

BMW Group South Africa today unveil the newest addition to its leadership team. Effective from July 1, 2023, Thorsten Achenbach assumes the role of Director Digital and Global Solutions at the esteemed BMW IT Hub, situated in Menlyn Maine, Pretoria. This strategic appointment follows in the footsteps of Mr. Klaus von der Osten-Sacken. “I am pleased to welcome Mr Achenbach in his new role at the BMW IT Hub. Mr Achenbach brings a vast portfolio and proven track record of excellence, particularly in the IT field, and we look forward to the continued success of the BMW IT Hub,” said…

Cell C has officially announced the resignation of its Chief Financial Officer, Lerato Pule, who has decided to pursue a new opportunity. In the coming months, Pule will continue to fulfill her responsibilities, ensuring the seamless handling of crucial financial matters during the transition period. Pule has demonstrated exemplary leadership throughout her tenure, notably guiding the successful conclusion of the recapitalization process. Additionally, she has overseen the completion of historical audits spanning three years (2018-2020), with the finalization and sign-off of financial statements. The remaining stages of the 2021 and 2022 historic audits are underway, underscoring her commitment to delivering…

Entersekt, a global frontrunner in cutting-edge transaction authentication solutions for combating financial fraud, proudly announces a robust surge in both revenue and clientele. This remarkable achievement is propelled by its unwavering expansion in the United States and strategic collaborations. Following a strategic investment by Accel-KKR in the fiscal year 2022, Entersekt has witnessed rapid global growth, with a staggering 191% increase in contracted annual recurring revenue, and an impressive surge of nearly 220% in US-based clientele solely within the fiscal year 2023. Schalk Nolte, Entersekt CEO, commends the noteworthy growth amid a challenging global business landscape, attributing it to Entersekt’s…

SA’s medtech startup, VitruvianMD, has secured $1.25 million or R23 million through their Seed Extension II funding round led by 27four’s social impact venture capital (VC) fund, The Nebula Fund. The medtech company has gained significant traction and will use the funding to further accelerate growth by upscaling their team, gaining international regulatory approvals and driving growth into new applications of their technology. VitruvianMD combines biomedical engineering with advanced artificial intelligence (AI) to revolutionise diagnostics accessibility in the medical laboratory sphere. Addressing the acute global challenge of diagnostician shortages, such as in Sub-Saharan Africa where the pathologist-to-population ratio stands at…