Kalon Venture Partners, Smollan Group invest in SnapnSave

Kalon Venture Partners, formerly Grotech, and Smollan Group SA have both acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave. Kalon, a venture capital fund and Smollan Group, a leading international retail solutions business...

Prodigy Finance expands on R3,19bn funding

Prodigy Finance, an international fintech platform that has developed the world’s first borderless credit model, has announced a R3,19-billion fundraise. This includes a R532-million Series C equity round led by venture capital firm Index Ventures, with...

AppCentrix in strategic partnership with AgileIT

Managed ICT services company, AppCentrix, has announced a strategic partnership with business value IT consultants, AgileIT. AppCentrix offers managed services that provide a real-time, single view of an entire IT estate. AgileIT is an IT services consultancy that...

Growing a franchise in a tough environment

Modern day businesses in South Africa are dealing with a number of challenges that all contribute to consumers having less money to spend: rising living costs, currency instability and general economic uncertainty, writes Abigail Makhubele, business development...

WDBIH takes 51% of Seed Engine

WDB Investment Holdings (WDBIH) has increased its stake in Seed Engine from 35% to 51%, officially confirming Seed Engine as a 51% black women-owned company. Venture capital company Grovest is Seed Engine’s second major shareholder, with a 30% stake. The increased...

New VP for Avaya Middle East Africa & Turkey

Avaya has announced the appointment of Fadi Hani as vice-president for the Middle East, Africa and Turkey. Hani will play a pivotal role in promoting Avaya’s customer-centric, outcome-based approach in this strategic region, working closely with key customers to help...