Author: Staff Reporter

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.

MultiChoice Group, continuing its strategy of cooperating with competitors, on Friday said it has added YouTube to its high-end DStv Explora Ultra personal video recorder decoder.

South African Apple fans can expect to pay at least R26 000 for Apple’s new M1-powered iMacs, while the new iPad Pro line-up will start at R14 000 and rise rapidly from there.

Absa has joined several other banks, including Capitec and FNB, in launching the ability for clients to use its banking app to make payments using QR codes.

JSE-listed technology group Altron said on Wednesday that its headline earnings per share will fall by as much as 29% because of the disposal of its Bytes UK arm and weak trading conditions.

Nedbank, working with Mastercard and South African fintech player Ukheshe, has launched the ability for banking clients to make payments to businesses in messaging platform WhatsApp.