What MNEs need to know about the new Global Minimum Tax Act

President Cyril Ramaphosa recently signed into law the Global Minimum Tax Act and Global Minimum Tax Administration Act. “The new legislation gives effect to the OECD Global Anti-Base Erosion (GloBE) rules designed to alleviate a member country’s potential tax losses...

Naked raises R700m to accelerate insurance transformation

South African insurtech Naked has secured $38-million (about R700-million) in its latest funding round as it continues to redefine insurance through technology-driven convenience, transparency and cost-effectiveness. The Series B2 funding round was joined by global...

SARB greenlights digital banking platform from Sava

The South African Reserve Bank (SARB) has granted regulatory approval for a collaboration between Access Bank South Africa and Sava, to introduce an African digital banking platform that enables SMEs to take full control of their financial operations. The Prudential...

Integrity360 acquires Nclose

Integrity360 has acquired Nclose, a cyber security services company operating out of both Cape Town and Johannesburg.  The terms of the transaction were not disclosed. The acquisition comes on the back of the previously announced acquisition of Cape Town headquartered...

Kyocera’s 2024 journey sets the stage for a dynamic 2025

Kyocera Document Solutions South Africa (KDZA) concludes a transformative year marked by growing regional performance, strategic initiatives, and a renewed focus on growth. “Despite a challenging economic environment, KDZA has demonstrated resilience by expanding our...

Cassava Technologies secures $310m in funding

Cassava Technologies has announces three milestones: a substantial equity injection; the successful completion of its South African rand debt refinancing; and the finalisation of its legal reorganisation. Cassava has closed an equity investment round of $90-million...