Standard Bank acquires 35% stake in fintech, TradeSafe

Standard Bank has acquired a 35% equity stake in digital escrow company TradeSafe Escrow. TradeSafe is an online escrow platform that safeguards the buyer’s funds in trust in a transaction involving two or more parties. The funds are only released to the seller,...

Seacom’s Ramdhani steps down

Seacom’s chief strategy officer 2009 Suveer Ramdhani, who has been with the company since its inception and was involved in its initial launch in 2009, has resigned. During his tenure with Seacom, Ramdhani initially oversaw the company’s product...

New president and group CEO for MTN

MTN Group has announced that its current group chief financial officer Ralph Mupita has been appointed as the new group president and CEO from 1 September 2020. The current group CEO, Rob Shuter, will step down from his executive responsibilities on 31 August 2020 and...

Millions in unclaimed dividends in Vodacom’s BEE scheme

YeboYethu, the Vodacom group’s black economic empowerment (BEE) scheme is sitting with more than R73-million in its bank accounts in unclaimed dividends belonging to over 12 000 shareholders. The administrators of the scheme have been unable to pay over the...

Merchants SA achieves B-BBEE Level 1

South African based business process outsourcing (BPO) solutions provider Merchants has become the first BPO provider in the country of its size to achieve a level one B-BBEE status under the revised Generic Codes of Good Practice, just a year after achieving level 2...

New ISP aims to offer personalised service

SimpliConnect, a new Internet service provider (ISP), offers a full suite of business and consumer connectivity solutions, with an emphasis on convenience, efficiency and simplicity. “Even though having internet access has become a basic necessity, people are...