Nov 17, 2023
Mastercard has announced the completion of significant new technological infrastructure that will enable the tech company to process transactions locally and drive the modernisation of South Africa’s payments industry. The project is the latest major investment...
Nov 17, 2023
Approximately 80% of homes in South Africa remain unserved by fast and affordable broadband internet. Fibre access is expensive and limited to affluent suburbs, perpetuating the digital divide. Moreover, micropayments are prohibitively expensive due to high bank...
Nov 17, 2023
Liquid Intelligent Technologies will receive R450-million in funding from the International Finance Corporation (IFC) and Rand Merchant Bank (RMB) each for its South African operations. The total investment of R900-million will support universal and affordable...
Nov 17, 2023
The Mineworkers Investment Company (MIC) has invested R68,50million in South Africas insurtech Pineapple. The investment underscores MIC’s commitment to future-proofing its core portfolio through high-tech direct investments that target businesses with high...
Nov 16, 2023
Datacentrix has maintained its level one broad-based black economic empowerment (B-BBEE) rating for the seventh consecutive year, achieving a total score of just over 127 out of a possible 130 points on its most recent scorecard. According to Datacentrix chief...
Nov 15, 2023
Digital insurance provider Pineapple has concluded a R400-million funding round, setting a new record as the largest Insurtech fundraised on the continent. The investment round was led by new investors Futuregrowth, Talent10 and MIC, while the business received...
