More funding for Founders Factory Africa

Founders Factory Africa has secured an additional $113-million in funding to scale its model to better serve founders across the African tech ecosystem. The additional support from the Mastercard Foundation and Johnson & Johnson Impact Ventures, an impact fund...

4Sight delivers a maiden dividend

4Sight Holdings has maintained its momentum from the previous financial year, again reporting double-digit growth in revenue and profit. Revenue for the six-month period under review increased by 37,1% to reach R451,3-million, compared to R329,2-million for the...

SoftwareOne aims for African expansion

Software and cloud solutions provider SoftwareOne has announced the appointment of Makhosini Dlamini as business development executive for South Africa and Africa. Dlamini worked at Microsoft for 11 years, holding positions with involvement in significant projects...

Huawei announces 2023 H1 results

Huawei has announced its business results for the first half of 2023, with overall performance in line with forecasts. In 2023 H1, Huawei generated CNY310,9-billion in revenue, with a year-on-year increase of 3,1% and a net profit margin of 15%. The company’s...

Vertiv reports strong Q2 results

Vertiv Holdings has reported second quarter net sales of $1,734billion, an increase of $335-million, or 24%, compared with last year’s second quarter and a 25% organic net sales increase, which excludes the impact of foreign currency. Foreign currency negatively...

AWS launches fourth round of funding for underrepresented SA founders

Most nascent entrepreneurs raise funding from a combination of savings, goodwill of family and friends and angel investors to convert their idea into a prototype or a minimum viable product (MVP). For entrepreneurs from historically disadvantaged backgrounds (HDPs) in...