Author: Staff Writer

“Revix, the Cape Town-based investment platform backed by JSE Listed Sabvest, partnered with Mazars, a leading global audit, tax and accounting partner, to independently verify that it securely holds all of its customers’ cryptocurrencies. The Crypto Custody report released by Mazars on Friday the 1st of October 2021 makes Revix the first crypto service provider in South Africa to independently verify that it holds all of its customers’ cryptocurrencies. The Crypto Custody report can be downloaded from the Revix website – www.revix.com – and aims to bring trust and transparency to the cryptocurrency industry where regulators have been slow to…

The overwhelming majority of South Africans access the Internet using mobile devices and thus the cost of mobile data has a real impact on quality of life.   In a data-dependent future, affordable communication costs are vital to improving quality of life. The Independent Communications Authority of South Africa (ICASA) will shortly publish regulations designed to increase competition in the provision of mobile broadband services.   ICASA held virtual hearings recently to enable the public to comment on its draft Mobile Broadband Services Regulations that, amongst other things, define wholesale and retail markets for the provision of mobile broadband services. The…

JSE-listed Altron has announced the sale of its Altron People Solutions business, which was held for sale for the past year. Altron People Solutions’ Business Process Outsourcing (BPO) and Customer Experience Technology (CXTech) business has been acquired by iSON Xperiences, a global organisation with headquarters in Dubai which is looking to expand their African footprint. The Learning Solutions part of the business was acquired by South African management consultancy LRMG. A decision was taken to split the business and sell it to two buyers, both of whom are ideally positioned to provide exciting new growth opportunities in an environment where…

If you’re in the market for a smartphone that sits in the sweet spot between beautiful aesthetics, powerful performance and affordability, look no further than the HUAWEI nova 8i, now available in stores and online. The latest member of Huawei’s nova range, the HUAWEI nova 8i offers some of the best features for a smartphone in its price bracket and is especially well suited to young and dynamic tech users who have high expectations of their devices. Sleek and stylish The HUAWEI nova Series has always been aimed at a younger market, and this means that looks matter. As a…

Telkom will offer the best-ever lineup of iPhone, including the innovative and elegant iPhone 13 Pro, iPhone 13 Pro Max, iPhone 13, and iPhone 13 mini. Redesigned inside and out, iPhone 13 Pro and iPhone 13 Pro Max introduce the most advanced pro camera system ever on iPhone, Super Retina XDR display with ProMotion, improved battery life, the Apple-designed A15 Bionic chip with 5-core GPU, and an advanced 5G experience. iPhone 13 and iPhone 13 mini feature the most advanced dual camera system ever in iPhone and powerhouse A15 Bionic chip in a sleek and durable design. Customers will be…

The country’s communications watchdog, ICASA, today revealed a timetable and roadmap to expedite the licensing of the International Mobile Telecommunications (IMT) spectrum, also known as the high-demand spectrum and the Wireless Open Access Network (WOAN). This roadmap follows the consent order granted by the North Gauteng High Court on Wednesday, 15 September 2021, which ended the litigation instituted against ICASA by Telkom and e.tv. The Court granted an Order to review and set aside ICASA’s decision to publish the Invitations to Apply (ITA) for both the high demand spectrum and WOAN. The Court further directed that the matter be referred…

Diversified tech group 4Sight reported a 16.9% increase in revenue for the six-month period ended 30 June 2021; revenue rose from R249.1 million in the same period last year to R291.1 million. “Despite the challenging trading conditions and impact on potential growth due to the COVID-19 pandemic, we are pleased to announce stable financial results for the six-month period under review,” states Tertius Zitzke, Chief Executive Officer at 4Sight. “These past 6 months have been challenging for all businesses across our Group. Results were mixed. The performance of our IT cluster was particularly affected by the impact of the pandemic.…

Women’s sport is on the rise and TelkomONE is the first South African streaming or satellite service to launch a channel recognising that 84% of sports fans are interested in female-led sports.   W-Sport’s market research also found that women’s sport was deemed more inspiring, progressive, family orientated and less money orientated than men’s sport.   “The pace of change in women’s sports necessitated that we launch W-Sport sooner than later,” says Wanda Mkhize, Executive Smart Home & Content at Telkom.   “With female sporting role models like gymnast Simone Biles achieving much greater mainstream exposure for both their sporting prowess…

Sun Exchange, South Africa’s first peer-to-peer solar leasing platform, today announced it has secured $2.5 million or R37.6 million in convertible note financing from ARPF, a Mauritian private equity fund advised by London-based ARCH Emerging Markets Partners Limited (ARCH) (www.archempartners.com). This follows the company’s close of a $4 million Series A funding round in 2020, led by a $3 million investment from ARCH. The latest investment enables Sun Exchange to continue scaling its success using its crowd-based solar leasing platform to facilitate solar power for small-to-medium organisations in Sub-Saharan Africa, the segment most impacted by rising energy costs, unreliable grid infrastructure…

Since the new iteration of the COVID-19 Grant commenced early in August the South African Social Security Agency (SASSA) has received close to 14 million applications. Over 8.3 million applicants have been approved and over 5.6 million have since been paid by the month of September 2021. Despite the high number of applications, SASSA has been able to expedite payment of verified clients, while continuing to verify the remaining applications. About 1.5 million applicants chose to be paid through the cardless payment channel at ATM’s. This category has not been paid as yet due to the fact that SASSA went…