R50m PE investor buys stake in engineering services business

Black female-owned private equity investor Moshe Capital has acquired a 20% stake in Pragma, an engineering services business that specialises in delivering enterprise asset management services and solutions. The R50-million deal was funded by FNB and takes black...

R50m deal boosts diversity, transformation

Black female owned private equity investor Moshe Capital has acquired a 20% stake in Pragma, which specialises in delivering enterprise asset management services and solutions. The R50-million deal was funded by FNB and takes black ownership of Pragma to 56,8%....

Equity-based crowdfunding platform lists first African businesses

Equity crowdfunding platform GoGetta has listed its first two businesses outside of South Africa. Scorefam is a sports gaming business which makes it easy for betting fans to deposit and withdraw earnings via its crypto-enabled app. Quiver is a crypto-based savings...

Fujifilm opens new head office in SA

Fujifilm South Africa has officially opened its new local head office in Sandton. The opening of the head office coincides with Fujifilm South Africa’s ten-year anniversary celebration in South Africa, having first opened its doors in March 2012 as a subsidiary...

inDrive raises $150m from General Catalyst

inDrive, which has expanded its footprint in Africa to seven countries, has raised $150-million from General Catalyst in a hybrid instrument to fund marketing spend. This includes user acquisition and retention costs. inDrive will benefit from increased financial...

MTN SA appoints new tech leaders

MTN SA has announced the appointment of Rami Farah to the position of executive for network and Nomthi Nelwamondo as executive for information technology (IT). Farah joined MTN SA on 1 January 2023 from MTN Iran, while Nelwamondo’s appointment is effective from...