RMB funds BCS Group’s shift to commercial capital

Rand Merchant Bank (RMB) has partnered with Bandwidth and Cloud Services Group (BCS) to provide a $47-million funding package, marking a significant transition for the telecoms infrastructure operator as it moves from Development Finance Institution (DFI) reliance to...

New CEO for KPMG

KPMG in South Africa has announced the appointment of Joelene Pierce as the new CEO of the firm in South Africa, effective 1 March 2026. The appointment is made as a result of current CEO Ignatius Sehoole’s imminent retirement, which will take place on 1 March 2026....

NBA Africa launches new startup accelerator

NBA Africa has announced the second edition of the startup accelerator program that the league launched last year to support the continent’s technology ecosystem and the next generation of African entrepreneurs. NBA Africa Triple-Double Accelerator, which awards...

Applications open for Visa Africa Fintech Accelerator

As South Africa faces slow economic growth and high unemployment (especially among the youth), many people are left out of the formal financial system. Millions don’t have access to affordable credit or basic financial services. Fintech startups can assist in offering...

HAVAÍC closes $50m African Innovation Fund 3

Cape Town-headquartered Venture Capital (VC) firm HAVAÍC has announced the second close of its $50-million African Innovation Fund 3. Supported by financial services group Sanlam Multi-Manager and with follow-on investments from cornerstone investors Fireball Capital...