SA insurtech Naked raises $17m

Naked, the South African artificial intelligence (AI)-driven insurtech company, has raised $17-million (about R290 million) in Series B Funding. International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution...

Avaya accelerates transformation, fortifies capital structure

Avaya Holdings has entered into a restructuring support agreement, with the support of more than 90% of the company’s secured lenders. Implementing the financial restructuring will accelerate Avaya’s ongoing business transformation, significantly enhance...

Innovator Trust drives youth financial literacy, entrepreneurship

Recognising the skills gap and the need for a healthier money culture among youth in South Africa, the Innovator Trust has announced the launch of the 2023 FIN1k Youth Entrepreneurship and Financial Literacy training programme. This is the second edition of the FIN1k...

RedCloud appoints Sameer Jooma as GM for SA

UK-headquartered global technology firm RedCloud Technology has announed the appointment of Sameer Jooma as GM for South Africa. Jooma will be responsible for accelerating the adoption of the world’s first Open Commerce platform, Red101, and driving growth in...

Teraco acquires iconic building

Teraco has acquired the iconic Great Westerford building in Cape Town from Ingenuity Property Investments. Great Westerford, a landmark building with over 30 000sqm of premium grade office space, is situated in the prime location of Rondebosch, Cape Town. The...

New HR executive and company secretary for Altron

JSE-listed technology group Altron has appointed Pam Xaba as group executive: human capital, and Mbali Ngcobo as group company secretary, as of 1 February 2023. Altron Group chief executive Werner Kapp comments: “I am pleased to have both Pam and Mbali as part...