NEC XON launches enterprise technology solutions business unit

NEC XON has announced the launch of its new enterprise technology solutions (ETS) business unit. The unit will meet the growing demand from high-end corporate clients seeking cutting-edge IT infrastructure solutions that power their operations in the data-driven...

Wetility raises close to R1bn in funding

Business is all about solving problems which customers are willing to pay for. South Africa currently has an energy crisis and entrepreneurs who can alleviate the pain felt by most South African households are likely to be in demand. One of the entrepreneurs solving...

Peach Payments concludes $30m funding deal

Baobab Payments, trading as Peach Payments, has concluded a €29-million/$30-million funding round. The round, announced in April, was led by Apis Growth Fund II, a private equity fund managed by UK-based asset manager Apis Partners. Peach Payments is an...

TFG to list on A2X

South African retailer The Foschini Group Limited (TFG) will list its shares for trade on A2X Markets (A2X) from 10 October 2023. A2X is a licensed stock exchange that provides a secondary platform for companies to list their shares for trade. Other well-known...

Root accelerates expansion plans after Invenfin investment

South Africa-based Invenfin, has made a further investment of $1,5-million in Root Platform, the low-code, API-first, end-to-end insurance technology platform provider. Root, which was founded in 2016 in South Africa, offers a low-code platform that powers modern...

Helm rewards staff with business ownership

Helm has announced an employee ownership plan that rewards key staff with a significant stake in the business. The senior management team holds the majority of the stake, participating actively in the decision-making processes while driving the strategy, vision, and...