Partnership culminates in RIB CCS rebrand

Construction Computer Software (CCS) is taking on a new identity as RIB CCS. This is after the company’s recent partnership and 100% acquisition by building and construction industry software multinational RIB Software. Andrew Skudder, CEO of RIB CCS, says the...

CredoLab raises $7m to expand African reach

CredoLab, a developer of bank-grade digital credit scorecards based on smartphone metadata which launched in South Africa, Nigeria and Kenya last year, has secured $7-million in its Series-A round funding led by GBG. In addition to GBG, the round saw participation...

Industry veteran joins Vumatel team

Vuma has appointed Francois Swart as its chief technology officer (CTO), a role that it believes will bolster the company’s continued focus on innovation and industry leadership. Swart has more than 30 years’ experience in the telecommunications industry....

Phuthuma Nathi shareholders receive R1,5bn dividend

Phuthuma Nathi will receive a R1,5-billion dividend after the MultiChoice South Africa (MCSA) dividend was approved at the annual general meeting (AGM) this week. Since the start of the scheme in 2006, Phuthuma Nathi shareholders have received dividends every year....

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,...