Bolt launches Outternship to encourage women

Bolt has announced the Outternship programme as part of its efforts to drive more participation and inclusion for women in technology. The six-month-long internship termed, Outternship will offer the selected candidates an opportunity to kickstart their career in an...

Local insurtech Root expands into the UK

Born-in-SA insurtech platform Root has expanded into the UK and is enjoying promising growth in a receptive market. Charlotte Koep, chief operating officer of Root, says the company’s first foray into global markets is proving encouraging: “There is a real...

Standard Chartered Bank launches Women in Tech programme

Standard Chartered Bank has launched its Women in Tech (WiT) Incubator Programme in South Africa, aimed at empowering and supporting women entrepreneurs in the technology sector. Through the Women in Tech programme, the bank aims to create an inclusive environment...

R600m first close for SA SME Fund’s venture capital fund of funds

The SA SME Fund has announced the first close of its R1-billion venture capital fund of funds (VC FoF), with R600-million in commitments from investors. The VC FoF exceeded its first close target of R500-million, attracting first mover institutional and pension fund...

Fintech e4 acquired by consortium

South African fintech specialist e4 has been acquired by a consortium of private equity investors, led by an independent private equity fund manager Infinite Partners. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its...

Altron delivers resilient annual results

Altron Group has reported that continuing revenue for the financial year period ended 28 February 2023 was up by 19% to R9,5-billion, with continuing EBITDA up 2% to R1,2-billion, continuing EPS up 80% to 36 cents per share and continuing HEPS down 8% to 47 cents per...