Author: Staff Writer
South African-based venture capital firm Vunani Capital announced on Wednesday it has invested in e-commerce player SnapnSave. The venture capital, which invested through the Vunani Fintech Fund, did not disclose the investment amount and valuation. SnapnSave is South Africa’s #1 cashback grocery coupon app that gives shoppers cashback on their favourite products, wherever and whenever they shop, just by snapping a photo of their till slip. The investment by Vunani Capital, a prominent pan-African diversified financial services group, will be used to further grow and scale the shopper and vendor base of SnapnSave to further enhance the company’s position as…
Since its initial introduction in April of this year, the DHL Africa eShop app has seen its user base grow rapidly, and within the first three months of operation, it had already been rolled out to 20 countries across Sub-Saharan Africa (SSA). DHL Express announced this week that the innovative mobile and desktop platform is now available in 14 additional countries across the region. This increases the platform’s reach to 34 countries across SSA. Hennie Heymans, CEO of DHL Express Sub Saharan Africa, says that user uptake on the DHL Africa eShop app has been remarkable over the last five…
Apple has just officially announced the next generation of the Apple Watch, the Apple Watch Series 5. The new model has an Always-On Retina display that never sleeps, so it’s easy to see the time and other important information, without raising or tapping the display. Combined with the power of watchOS 6, users are empowered to take charge of their health and fitness with new features like Cycle Tracking, the Noise app and Activity Trends. The new built-in compass and updated Maps app allow users to see which way they are facing. With Apple Watch Series 5, customers can use…
The Vision EQS creates a connection between rationality and emotion. It presents the thrilling design of future EQ models from Mercedes-Benz. Its “one bow” proportion and dramatic fluidity are stylistic heralds of a new generation of electric Mercedes-Benz vehicles. The concept car will be unveiled at the International Motor Show in Frankfurt. With electric motors at the front and rear axles and the battery integrated into the vehicle floor, the Vision EQS represents a very well-balanced vehicle concept. The basis for dynamic high-level performance and safety comes courtesy of the electric all-wheel drive with axle-variable torque distribution and a battery…
Luno, South Africa’s cryptocurrency exchange, now has three million customers (wallets) spanning 40 countries. One of the reasons behind this positive trend is the growth of new online casinos. All the latest casino websites featured on this page allow to deposit and withdraw with Bitcoin and Ethereum, hence boosting the number of daily cryptocurrency trades. The trend is becoming so big that now, there are even casinos that operate only with cryptocurrencies . This new wave is certain to boost the value of bitcoin and other digital currencies that use similar technology. Marius Reitz, Luno’s GM: Africa, says that despite…
The BMW Concept 4 – a future-focused interpretation of the BMW Group’s enduring DNA that represents the magic of coupe driving at its most exciting. “The BMW Concept 4 embodies the aesthetic essence of the BMW brand. It combines perfect proportions with a clear and precise design,” says Adrian van Hooydonk, Senior Vice President BMW Group Design. The BMW Concept 4 is being unveiled today at the 68th IAA Cars show in Frankfurt. The front end – the new face of the 4 Series range. The distinctive kidney grille, remarkable air intakes and prominently sculpted surfaces provide an immediate advert…
Sasol announced on Friday it has concluded two Local Development Agreements (LDAs) with the communities in Mozambique. The LDAs was signed with the communities of Inhassoro and Govuro districts in Inhambane Province, where Sasol’s Exploration and Production International Pande/Temane Gas fields and Central Processing Facility (CPF) are located. The LDAs represent a tripartite agreement between Sasol, local communities and district governments and are aimed at aligning the priorities of all three parties. From Sasol’s perspective, the LDAs are an opportunity to build on and leverage the Social Investment platform – totalling approximately $40 million between 2004 and 2018 – already…
Naspers confirmed today the completion of the exchange of its stake in Nasdaq-listed MakeMyTrip for a 5.6% stake in Ctrip.com. Ctrip is a Chinese provider of online travel. Naspers has swapped its interest in India-based online travel platform MakeMyTrip for a stake in Ctrip. The share exchange transaction allows Ctrip to enjoy a larger exposure to the India travel market and benefit from the growth of MakeMyTrip. The deal was announced in April “The India travel and tourism market continues to grow rapidly, with MakeMyTrip playing a pivotal role in the development of the industry since 2000,” Bob van Dijk,…
DappRadar, a global platform for discovering and analyzing dapps, has announced it has raised $2.33 million in seed funding. The investment was led by Naspers, a global internet group and one of the largest technology investors in the world, through its Naspers Ventures division, with participation from Blockchain.com Ventures and Angel Invest Berlin. DappRadar will use the investment primarily for R&D, developing new functionality to help the business expand its service and reach the next stage in its growth. DappRadar tracks over 2,500 dapps across seven blockchains, including Ethereum, EOS and TRON, with plans to expand to others, filtering data to…
The deadline for the Development Bank of Southern Africa (DBSA) Youth Challenge competition has been extended to 30 September 2019. The bank is impressed by the number of entries received since the launch of the campaign in July and believes that the deadline extension will provide more young people with more time to think through and submit entries, which can contribute to building Africa’s prosperity. Called the DBSA Youth Challenge, the competition invites entrants aged 18-35 to submit innovative development ideas that address infrastructural needs across various sectors. The winning submissions will attract a total of R1.5 million in prize…