Author: Staff Writer
MTN South Africa announced today a R350 million network investment to modernise, upgrade, build new sites and transmission links in Limpopo, Mpumalanga, and North West. “We want to bridge the digital divide and create exciting opportunities for communities, businesses and individual users. Our investment is therefore far more than achieving market share growth in the region – it is about bringing the benefits of the digital world to more people through a stable, secure and innovative network experience,” says Kagiso Moncho, MTN General Manager for Northern Region. “We are already seeing active data users and traffic increase as more consumers…
Convergence Partners, owned by ICT industry veteran Andile Ngcaba, today announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at $120 million or R1.7 billion. The Rosebank-based company is a pan-African ICT–focused private equity player, delivering enhanced investment returns while underpinning Continental development. Convergence Partners has a proven record of accomplishment of developing new investment opportunities and actively adding value to investments across the lifecycle of ICT assets. The fund is targeting a final size of $250 million or R3.6 billion. Now with more than $400 million or R5.8 billion of capital under management,…
4Sight Holdings and Minopex, a wholly-owned subsidiary of DRA Global, announce the signing of a joint Memorandum of Understanding, to develop a distinctive service and solution offering for the mining and minerals industry. Minopex services customers operating in the base and precious metals, stones and bulk commodities sector. With two decades of experience managing operations and maintenance, and advising customers in this sector, Minopex is highly proficient at improving productivity sustainably and in real-time and has significant intellectual capital in this area. “Our work involves large, highly complex systems and data sets, and 4Sight provides technology platforms that are designed…
Pieter Boone, the CEO of Pick n Pay, has called for the liquor ban to be lifted by the government. South Africa moved to an adjusted level 4 lockdown at the end of June, with a complete prohibition on the sale of alcohol in place. The alcohol industry has faced various forms of restrictions since South Africa introduced its first COVID-19 restrictions in March 2020. Estimates show that the latest four-week ban has put 9,206 jobs in the alcohol industry at risk, with a potential loss of R10.2 billion in taxes and excise duties. Commenting on progress in recovering from…
PayU, the payments and FinTech business of Prosus, has announced its collaboration with Celo, the mobile-first, open-source blockchain ecosystem focused on making DeFi accessible to anyone with a smartphone. In addition to a purchase of CELO, the utility and governance token for the Celo community, PayU has partnered with payment infrastructure company First DAG and Celo’s Alliance For Prosperity to offer stablecoin payments. With this integration, almost half a million of PayU’s merchants will be able to accept Celo’s stablecoin, cUSD. The move will open the doors for millions of people in emerging markets who are underserved by traditional financial…
New data released by Netstar has revealed the massive impact the protests and looting of last week have had on the trucking industry’s ability to deliver much-needed goods to market. Netstar says three major clients lost more than 613 000km in delivery miles in just five days. That is the equivalent of traveling around the globe 15 times. According to the telematics company between July 10th and 16th their clients’ ability to deliver goods across the country fell by more than 74% when compared to the previous three months data. It says between these three clients nearly 30 000 (thirty thousand) delivery…
South African enterprises took a step backward in digital transformation over the first year of the pandemic, as disruptions, lockdowns and staff unable to maintain operations remotely slowed down the roll-out of new systems at head offices. This is one of the startling findings of the Digital Corporation in South Africa 2021 research study, conducted by World Wide Worx with the support of Syspro, Dell Technologies, Intel and Cycan. The slow-down came despite expectations that remote working would accelerate digital transformation, due to the demands it placed on companies to be able to operate digitally. As many as two-thirds of…
Telkom today revealed its new music streaming platform, in partnership with Tencent-owned JOOX, available from the Huawei AppGallery and Google Play Store. Telkom recognizes that the landscape of music streaming is changing and highlights that the stand-out feature of its music app is the fact that it focuses on data-saving and shared music experiences between users. “In true Telkom style, our mission is to leave no man behind and we are thrilled to introduce this offering. We’ve introduced a bouquet of products recently to cater to the content needs of our customers, including video-on-demand and gaming services; and this closes…
A revolutionary new approach to offering Ultra-Personalised, Artificial Intelligence-Enabled Healthcare from tech-trendsetting company Cortex Logic is set to transform the way medical aid schemes, consumers and corporates offering employee benefits as part of their EAP (Employee Assistance Programmes) view their current healthcare offering. The Journey Wellness platform is perfectly timed to coincide with the current global shift in Healthcare, as the focus moves from a disease-management model to one that encourages optimum health and disease-avoidance, targeting younger as well as existing members with a holistic, pro-active offering. Corporates and medical schemes are realising that they need to offer their employees…
Enygma Ventures announced today it is investing R4 million into Feelgood Health, a go-to-one-stop natural health retailer and wholesaler, in South Africa. Enygma Ventures is a venture capital firm that invests in women entrepreneurs across the SADC region. “Of the many things that the Covid-19 pandemic has highlighted, the need to have steady and reliable access to health supplies has been at the top of the list” said Lelemba Phiri, Principal and Operating Partner for Enygma Ventures. “The Feelgood Health team brings decades of experience products. We are excited to see them scale at a time when natural health products…