Author: Staff Writer

Eskom has released the group’s unaudited interim financial statements for the six months ended 30 September 2025, which further demonstrate the continued execution of the turnaround plan leading to a recovery in operational and financial performance. “These unaudited interim results demonstrate that our annual results for FY2025 were not a once-off achievement and that our progress in turning around operational and financial performance, supported by government and stakeholder collaboration, is positioning Eskom for a sustainable future,” said Eskom’s Chairman, Mteto Nyati.. “When this Board took over in October 2022, we found an organisation in crisis. These results reflect how strong…

SwiftVEE, the largest online livestock trading platform in Africa, featured in Bloomberg’s inaugural 25 African Startups to Watch 2025, has completed its Series A funding round. The transaction brings some of the continent’s most accomplished investors onto swiftVEE’s Cap Table, including HAVAÍC, Old Mutual’s former CEO Iain Williamson and private equity firm EXEO Capital. They join swiftVEE’s current shareholders; fund managers Mike Kirsten and Carlo Dickson and private investment vehicle Zire Africa. Launched in South Africa in 2019 and credited as pioneers of online livestock trading in Africa, swiftVEE has become a Pan-African business trading in excess of $100m GMV…

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…