Author: Staff Writer

African technology infrastructure and services provider Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies (Cassava), today announced the finalisation of its 100% acquisition and delisting of Telrad, an Israeli-based technology company (TASE: ILA). Telrad has a significant presence in 13 countries across the Middle East, South America, United Sates, Eastern Europe, Asia and provides high-quality technology products and services for global businesses and governments. The company offers innovative technology solutions, including networking, cloud infrastructure, information technology, geoinformatics and cybersecurity. “Earlier this year, Liquid had entered into a definitive agreement to acquire Telrad, and I am pleased that we have…

The world of work is constantly changing. New career paths have necessitated a rethink of university courses. Therefore, the University of the Western Cape (UWC) is thrilled to announce the introduction of an all-new BCom and IS (Bachelor of Commerce and Information Systems) degree. It is a mix of two courses – BCom and Information Technology – a blend of the most important aspects of management, finance and computer programming. The Information Systems component is vital in UWC’s drive to develop a workforce for the digital era. This course is the result of four years of meticulous planning and will…

Binance, the world’s leading crypto and blockchain infrastructure provider, has announced the appointment of Hannes Wessels as the Country Head of South Africa to drive its business operations in the region. Hannes brings with him over 10 years of experience in the finance sector and is the previous Head of Global Banking for South Africa at HSBC. Binance recently celebrated its fifth year anniversary and in this time, the company has become the foremost blockchain infrastructure provider and exchange on the market by connecting users across the globe in its mission to increase the freedom of money.  In the furtherance…

The City’s Mayoral Committee Member for Economic Growth, Alderman James Vos, held an engagement this week with the Greater Tygerberg Partnership (GTP) where he announced the City government’s continued cooperation with the development facilitation agency for socio-economic development in the greater Tygerberg area. This partnership brings renewed assurance for Capetonians in the catchment area that the regenerative initiatives run by the GTP will continue to grow into 2023. Under the partnership, the City’s Bellville Future City Masterplan, which aims to transform the greater Tygerberg area into a second central business district, will push ahead. Alderman James Vos, Mayoral Committee Member…

Audi South Africa, in partnership with GridCars, has finalised the installation of 33 electric vehicles (EV) charging stations across the country. These represent a total of 70 charge point connectors and expand on the existing network in the country. The chargers range in their charging capacity from 22kW (AC) to 80kW (DC) and 150kW (DC) ultra-fast charging and are immediately available to all South African electric vehicle drivers, regardless of model or brand ownership. “Audi is committed to ensuring that customers of any electric vehicle can comfortably travel the country, with the reassurance that the EV charging infrastructure is in…

Verdant Capital has raised $10 million or R161 million of debt funding for Zeepay.  The medium-term debt raise, which forms part of its A.5 series, comes to support Zeepay in a bid to augment its fast-growing remittance to wallet business. The debt funding is intended to support the rapid growth of the business.  In 2021, the company processed USD 1.8 billion of transactions volumes, cross-border and domestically.  It is the vision of the Founder and Managing Director, of Zeepay, Andrew Takyi-Appiah I, to reach the milestone of USD 200 billion of annual transaction volumes in the long-term. Zeepay is the…

Willington Ngwepe, the CEO of the Independent Communications Authority of SA (ICASA) is planning to leave his top post by 15 October 2022 to pursue other opportunities. ICASA announced today that the the term of office of its long-standing CEO comes to an end on the 15th of October 2022. The regulator said Ngwepe has, however, advised that he is not available to be considered for re-appointment to serve a further term as CEO, having decided to pursue other career opportunities. Ngwepe has served ICASA with both dedication and distinction for eight eventful years, formerly as Chief Operating Officer from…

DataProphet, a world-leading AI-as-a-Service (AIaaS) for manufacturing innovator, today announced the completion of its $10 million or R165 million Series A funding round. Knife Capital led the round, joined by South Africa’s IDC and Norican – the world’s largest metal surface preparation and finishing equipment provider. The funding provides DataProphet with the capital to invest further in its award-winning industrial AI product set while facilitating targeted growth in selected geographies and manufacturing verticals. Knife Capital had initially invested in DataProphet in early 2018 via its KNF Ventures Section 12J funding vehicle. This latest round is the first investment made by…

Transnet and the Special Investigating Unit (SIU) have welcomed a Special Tribunal provisional order freezing millions of rands worth of assets belonging to two former Transnet executives. In a judgment handed down on Monday, the Special Tribunal prohibited Thabo Lebelo, his wife Alletta Mokgoro Mabitsi, Phathutshedzo Brighton Mashamba and his wife Matlhodi Phillicia Mashamba from selling, leasing, donating or transferring their luxury properties in Rosebank and Dainfern. The SIU investigation has revealed that the acquisition of the properties was allegedly funded by money received from service providers contracted by Transnet. The order is provisional for now, though, and must be made final. A joint statement…

Meta-owned messaging platform WhatsApp now allows you to delete messages for up to two days after they are sent. Previously, this limit was 1 hour, 8 minutes, and 16 seconds. “Rethinking your message? Now you will have a little over two days to delete your messages from your chats after you hit send,” the platform wrote on Twitter. 💭 Rethinking your message? Now you’ll have a little over 2 days to delete your messages from your chats after you hit send. — WhatsApp (@WhatsApp) August 8, 2022 Also read: Facebook is Shutting Down Its Live Shopping Feature To Focus…