Multichoice declares R1,5bn Phuthuma Nathi dividend

MultiChoice South Africa (MCSA) has declared a dividend to Phuthuma Nathi (PN) shareholders of R1,5-billion, an increase of 13,6% from 2018. The additional 5% share allocation given to PN, as part of MultiChoice Group’s (MCG) listing, contributed to the increase...

US firms dominate top 10 VC investors list in IoT

The US was home to majority of the global top 10 venture capital (VC) investors in the Internet of Things (IoT) tech space in 2018, according to GlobalData. The top 10 VC investors (Baidu, Amazon Alexa Fund, Intel Capital, Robert Bosch, Northern Light Venture Capital,...

Fintech Nomanini raises $4m in funding round

Nomanini, the fintech platform for the informal retail ecosystem, has today announced a $4-million funding round led by Standard Bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion. Through the...

Tarsus Technology Group receives Level 1 BBBEE status

Tarsus Technology Group has received Level 1 BBBEE (broad-based black economic empowerment) certification. The group’s BBBEE score has moved up two levels since its last certificate in 2018. The certification means that Tarsus Technology Group and its subsidiary...

JSE to buy majority stake in Link SA

JSE Limited, the operator of the Johannesburg Stock Exchange (JSE), has agreed to acquire Link Market Services South Africa (Link SA), the second largest share registry business in South Africa (with six of the top 40 listed companies as clients), subject to all...

Fincheck.co.za invests in FundingHub

Fincheck.co.za, which began in 2016 so consumers could compare financial services products, has taken over the full management and equity in FundingHub. This makes Fincheck the country’s biggest financial comparison site as well as the biggest lead aggregator...