Garry Kondakov appointed as director of Tech Wise Solutions

Garry Kondakov has been appointed as a director and shareholder of Tech Wise Solutions. Rayaan Abrahams, CEO at Tech Wise Solutions, explains that not only was Kondakov’s passion for Africa a positive factor in his appointment as a partner, but his experience...

African Development Bank in R2bn Nedbank SDG-linked bond investment

The African Development Bank Group has concluded the investment of R2-billion (around $116-million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa. The investment, which is listed on the green bonds segment of the Johannesburg...

Obsidian, Grape unite to secure corporate comms

Obsidian Systems has announced a partnership with integrated secure messenger Grape, to help South African businesses bolster their security. The alliance effectively adds a fresh layer of security and compliance within corporate communication, particularly...

MFS Africa acquires Beyonic

Pan-African cross-border payments leader MFS Africa has acquired Beyonic, a digital payments management provider of business services for SMEs, fintechs, and social impact entities across Africa. MFS Africa is Africa’s largest digital payments hub, connecting...

Standard Bank signs Covid-19 response loan with IFC

The Standard Bank of South Africa (SBSA) has signed a $185-million, three-year loan agreement with International Financial Corporation (IFC), a development finance institution that is part of the World Bank Group, with a focus on private sector development. The loan...

TeleMasters announces two new acquisitions

TeleMasters Holdings (TLM), a licenced communication service provider in the South African market, has acquired a 100% shareholding in two local ICT companies. Following the announcement last week that TeleMasters had acquired a 25% stake in data centre specialists...