Author: Staff Writer
HONOR has disrupted the South African smartphone industry once more with the official launch of its latest addition to the Number Series – the HONOR 200 Series, comprising the HONOR 200 Lite, HONOR 200, and HONOR 200 Pro. This is an accessible mid-range lineup that delivers flagship-level performance and an unrivalled studio-level portrait photography experience. HONOR hosted an exclusive launch event unveiling the devices to a host of media, stakeholders, and friends of the brand. During the launch event, the brand made landmark announcements of partnerships and collaborations it has pursued for the HONOR 200 Series campaign with much loved…
The Financial Sector Conduct Authority (FSCA) advises the public to act with caution if they intend to conduct financial services business with Durban Forex Group. The FSCA has received information that may indicate that the Durban Forex Group is possibly providing financial services to members of the public without being authorised to do so. Without making or communicating any finding in this regard, the FSCA points out that Durban Forex Group is not authorised in terms of any financial sector law to provide financial products or render financial services. The FSCA endeavoured to contact the Durban Forex Group, but it…
SEACOM, Africa’s leading telecommunications and managed services provider, today celebrated its 15th corporate anniversary by spotlighting the group’s impact on the continent’s ICT and connectivity journey. “15 years ago today, Africa’s trajectory was forever changed with the introduction of fibre connectivity. In that time, the SEACOM group has evolved to become not just a leading connectivity provider, but an industry leader in the provision of IT and enterprise managed services. We owe these achievements to the hard work and commitment of all our SEACOM colleagues, and the ongoing loyalty and support of our clients, partners, and stakeholders,” said Alpheus Mangale,…
June 2024 was a challenging month for South Africa’s automotive sector, with declines in both new and used car sales. According to AutoTrader, the used vehicle market – at 27,750 units – contracted by -6.4% versus the same month last year. The accumulated value of used car sales also declined in June 2024 – by -6% – to R11.312 billion. The accumulated value of the used car market in June 2023 was R12.029 billion. According to naamsa | The Automotive Business Council, the June 2024 new passenger car market – at 26,928 units – declined by -9.0% versus June 2023.…
The South African startup ecosystem ended 2023 on a high note. Demonstrating the resilience that has become a hallmark of the industry, the venture capital (VC) sector’s performance defied the downward trend in annual deals observed since 2020. The local information and communication technology (ICT) sector once again captured investor interest, underscoring its leading role in economic development and innovation. These insights were highlighted in this year’s SAVCA VC Survey Launch 2024, an annual research initiative by the Southern African Venture Capital and Private Equity Association (SAVCA). The survey was unveiled last week at an event held at the Westin…
Plentify, a pioneering climate tech company, has closed a 50% oversubscribed funding round from top African and North American venture investors to fuel its growth in South Africa and commence its international expansion. “Whether you’re trying to fix a weak grid like South Africa’s or make the transition to clean energy like every country in the world, the fundamental problem is the same—a mismatch between the timing of energy demand and clean energy supply. Plentify’s residential load management platform addresses this problem for 75% less than the cost of batteries,” says Jon Kornik, Co-Founder and CEO of Plentify. Plentify’s suite…
Digital payments service provider Peach Payments has acquired customer software development firm Operativa. The acquisition was the first by Peach Payments since closing a $30 million funding round, led by the Apis Growth Fund II, last year. The acquisition sees the full Operativa team integrated into Peach Payments, with Operativa co-founders Dayne Olivier and Ben Janecke taking on Principal Engineer positions. Olivier and Janecke have worked with Peach Payments since 2022, building and maintaining a number of the company’s payments systems and solutions. The pair and their team have been instrumental in building the technical architecture that has paved the…
If there’s one thing that moves South Africans deeply, it’s the power that sports holds to unite and ignite a collective spirit of passion and glory. South Africans embody greatness, each person carrying a spark of potential, whether they’re athletes or not. This is a nation where sports are more than games, matches, and lifting trophies—they are a source of inspiration and unity that resonates deeply within every heart, celebrating not only star athletes but also the unsung heroes who excel in their craft, often away from the spotlight, yet always giving their best to ensure every victory is a…
Whether you’re an athlete on the field or a fan amidst the roaring seats of a full stadium, you know the feeling – a racing pulse, mind, and body in focus with eyes on the goal and a confidence that can’t be extinguished. That fierce energy finally has an outlet with the arrival of Under Armour’s latest Unstoppable Collection, where the worlds of high-performance sport and street gear collide. Whether you’re a footballer, athlete, or fan – the Under Armour Unstoppable Collection goes beyond performance and allows you to FEEL your best to PERFORM at your best. “The confidence we…
Lula, an enterprise ride sharing platform which was launched eight years ago, has announced its acquisition of Zeelo’s operations in South Africa, a move that will see this local scale up grow significantly. The operations will transition to Lula’s tech-enabled ride-sharing solution, which enables people to be collected from their homes and taken to work and back again safely and reliably. Co-Founder and Executive Director, Xabiso Nodada, says that he – alongside CEO Velani Mboweni- started the business to connect people in emerging cities to economic opportunities, one shared ride at a time. “Without access to transport, you cannot access…