Fintech lender growth exposes demand for business funding

South African businesses have been through trying times during Covid-19 as fintech Fundrr attests. Demand for funding increased and clients’ ability to pay decreased during the first hard lockdown. But, the fintech attracted an investor and in the past year,...

Grindstone Ventures launches $6,5m venture capital fund

Grindstone Ventures has launched a $6,5-million (R100-million) fund dedicated to seed funding predominantly South African innovative technology startups who have completed, or are part, of its Grindstone Accelerator programme. The programme is a growth engineer for...

Mazars, Neu Capital Africa merge

Mazars corporate finance division and Neu Capital Africa – now rebranded as Cala Capital Africa – have announced the consolidation of their capital raising advisory capabilities to establish Africa’s leading mid-market capital raising practice. The...

David Myers joins AURA as COO

Security and medical response marketplace AURA has appointed David Myers as its chief operations officer (COO). Previously a GM and regional operations lead at Uber for Europe, Middle East & Africa, Myers brings with him decades of experience that will stand him...

SkyNet SA in private equity buyout

SkyNet’s operations in South Africa, Namibia, Mozambique, the UK, Belgium and Germany have been acquired by the South African management team together with RMB Ventures (RMBV) an on balance sheet long private equity investor and a subsidiary of FirstRand Bank,...

Honorary doctorate for Mteto Nyati

Mteto Nyati, group CEO of Altron, has received an honorary doctorate from the University of Johannesburg’s College of Business and Economics. Professor Tshilidzi Marwala, University of Johannesburg vice-chancellor, says the institution recognises “the...