Author: Staff Writer

Phuthuma Nathi, the MultiChoice South Africa’s broad-based black economic empowerment (BBBEE) share scheme, is calling on shareholders and families of deceased shareholders to come forward and claim dividends owed to them. Since 2020, Phuthuma Nathi has run an annual national campaign to locate shareholders with unclaimed dividends dating back to 2006. Thanks to these efforts, more than R125 million has already been paid out, but more than R270 million in dividends remain unclaimed. Phuthuma Nathi is committed to finding its shareholders and ensuring that they receive what is rightfully theirs. The most common reasons for unclaimed dividends include shareholders not…

Visa, a global leader in digital payments, and Tyme Group – the global digital banking group head-quartered in Singapore with over 20 million customers in South Africa and Southeast Asia, have announced a multi-year, multi-market deal aimed at accelerating financial inclusion and digital payment innovation across South Africa, the Philippines and Vietnam. “This multi-year, multi-market partnership reflects our shared ambition to accelerate digital adoption, broaden financial inclusion, and bring innovative, low-cost banking solutions to millions. Through enhanced card-issuance programmes, digital infrastructure support, and data-driven value-added services, Visa is proud to empower Tyme Group as they continue to scale across regions,”…

Cell C Holdings Limited (Cell C) today listed on the Johannesburg Stock Exchange (JSE) under the ticker CCD, marking a defining milestone in South Africa’s telecommunications landscape and opening a new chapter in the company’s journey. The listing closed at R26.50 per share, valuing the business at approximately R9 billion with 340 million ordinary shares in issue. The offer included 102 million sale shares, raising R2.7 billion for the selling shareholder, The Prepaid Company (TPC), a subsidiary of Blu Label Unlimited Group. The offer also included a further allocation of 54.2 million shares to Sisonke Growth Partners as part of TPC and Cell…

Oni-Tel Fibre Networks, a fibre optic cable infrastructure provider in South Africa, has launched its Inter-Data Centre Fibre Network, with Digital Parks Africa (DPA) serving as the inaugural point of presence (PoP). This high-speed fibre backbone connects all major data centres across Gauteng, enabling seamless, low-latency connectivity between facilities and unlocking new possibilities for enterprise and cloud infrastructure. This milestone marks a significant step forward for the region’s digital infrastructure, with Oni-Tel set to become: The first provider in this space to introduce new infrastructure access models through a purpose-built network engineered for data centre interconnectivity (DCI) and external connections,…

SwapVend, South Africa’s digital-hybrid ecosystem connecting informal and formal economies, has launched its long-anticipated Barter feature, a core part of its ecosystem that honours one of the continent’s oldest and most dignified forms of trade. Bartering is not new. It is not foreign. It is rooted in our history, our kasi economies, and our everyday exchanges; from “I’ll help you with your tax return if you design my flyer” to “You fix my tap, and I’ll repair your fence.” SwapVend has now digitised that familiar tradition and placed it back at the centre of South African commerce. The Problem: Value…

Plentify, the pioneering South African electrotech company, using AI-fueled hardware and software to connect home appliances to cheaper, cleaner energy, has raised an oversubscribed Series A funding round, bringing its total capital raised to date to nearly $15 million. The raise marks a major milestone in Plentify’s journey from rapid early-stage growth to global expansion, reinforcing investor confidence in its team, technology, and strategy at a time when venture capital funding in the climate tech sector remains highly competitive. The round was led by Secha Capital, Buffet Investments, and a South African family office, with participation from existing investors E3…

A major contract dispute at the Kusile Power Station has been resolved, saving the utility over R1 billion. The settlement avoids protracted legal battles and safeguards public money. In a significant financial victory for the state-owned power utility, Eskom has confirmed the full and final settlement of a long-standing commercial dispute with the Stefanutti Stocks Basil Read Joint Venture (SSBR) concerning the Kusile Power Station. The resolution slashes the original claim of R1.6 billion down to a R580 million settlement, saving just over R1 billion. The dispute, which began in 2022, was resolved following a formal Dispute Adjudication Board (DAB)…

Vodacom KwaZulu-Natal has announced a transformative investment of over R1.1 billion in network infrastructure for the current financial year (FY26), reinforcing its commitment to connecting communities and driving digital inclusion across South Africa’s most populous province. “Our investment in KwaZulu-Natal reflects our commitment to building a digitally inclusive province where everyone can access the opportunities of the digital economy,” says Imran Khan, Managing Executive for Vodacom KwaZulu-Natal Region. R1.1 billion network investment strengthens connectivity Vodacom’s R1.142 billion investment in KZN’s network infrastructure during the financial year demonstrates the company’s commitment to ubiquitous connectivity across the province. The investment breakdown includes…

Vodacom Group today announced a strategic collaboration with Google Cloud to accelerate its digital transformation using Google Cloud’s advanced data analytics and artificial intelligence (AI) product portfolio. The collaboration will enhance Vodacom core solutions and establish a powerful platform for creating new, disruptive products and services specifically tailored for the African market. Under the terms of the collaboration, Vodacom will harness the capabilities of Google Cloud’s secure, scalable infrastructure to unify its vast data assets – and then apply generative AI models, including Gemini, Veo, and Imagen, across its business. This will result in improved operational efficiencies for Vodacom and…

YouTube and Vumatel (Vuma), (a company of the MAZIV Group) announced a joint pilot program aimed at tackling digital inequality in South African township homes by enabling affordable, high-speed fibre connectivity bundled with Smart TV streaming. The initiative, launching in previously disadvantaged areas like Alexandra Township, Johannesburg, will see 2,000 fibre-connected households equipped with free Google TV streaming dongles, turning standard televisions into smart, connected entertainment hubs. This partnership underscores MAZIV’s broader mission of creating an inclusive, connected South Africa by extending the benefits of digital access to underserved communities. Driving digital inclusion and access for all The primary goal…