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...

New MD for Business Partners

Business Partners has announced the appointment of Jeremy Lang as its new MD, effective 1 January 2025. Lang will be taking over from Ben Bierman, who will retire after more than 35 years of service. Under Bierman’s leadership, Business Partners Limited navigated the...

Veeam welcomes new investors with $15bn valuation

Veeam Software has expanded its shareholder base in a $2-billion secondary offering, valuing the company at $15-billion. As of September, Veeam has generated $1,7-billion in annualized recurring revenue (ARR), with a 18% year-over-year growth rate including 31%...

Bolt Accelerator Program expanded to SA

Bolt has extended its economic empowerment initiative Bolt Accelerator Program, to South Africa. A €20 000 seed fund is now available to support business plans developed by Bolt drivers or their immediate family members. Program beneficiaries will be invited to pitch...

2024 Xero Beautiful Business Fund winners revealed

Xero has announced the 28 small business and non-profit winners of the 2024 Xero Beautiful Business Fund, each winning a share of a R8-million global prize pool. The winners represent a diverse group of organisations committed to driving meaningful change and...

Beware the implications of CIPC non-compliance

South Africa’s business owners face serious consequences for not complying with the Companies and Intellectual Property Commission (CIPC) requirements. More than 650 000 companies were deregistered last year mostly due to missed annual returns, according to the CIPC’s...