Author: Staff Reporter

First National Bank has created a secure application programming interface to allow Sage accounting customers to import their bank records automatically into their accounting software.

Cape Town-based education-technology start-up iXperience has secured $2.5-million in series-A funding from South African investment firms Kalon Venture Partners and Caleo Private Equity.

Former MTN Group CEO Phuthuma Nhleko has been appointed as non-executive director of the JSE from 1 July and will take on the additional role of chairing the board from next year.

Adapt IT CEO Sbu Shabalala has been accused of hiring armed thugs to beat up his estranged wife Neo’s partner, suspended eThekwini city manager Sipho Nzuza, according to a report published on Sunday.

Data published by Eskom this week shows that the utility has not been able to generate enough electricity to adequately meet peak evening demand.

Paystack, the fintech start-up acquired last year by US fintech major Stripe, is establishing a presence in South Africa as it looks to cement its position as a significant player in the African online payments industry.

Eskom issued a start warning on Wednesday, saying it will increase “load reduction” measures in Gauteng to try to cope with threats to its distribution infrastructure from criminals.

Christo Davel, the co-founder of the 22seven personal financial management platform acquired by Old Mutual in 2013, is joining Direct Transact as chief commercial officer.

MTN Group has formally listed the shares of subsidiary MTN Rwandacell on the Rwanda Stock Exchange, becoming the first mobile telecommunications operator to do so.

Lagos-listed MTN Nigeria Communications shed five million mobile subscribers in the first three months of the year as it struggled with customer churn and restrictions on Sim card sales and activations.