Author: Staff Reporter

Naspers, through its Naspers Foundry investment business, is leading a R160-million series-A funding round in South African fintech start-up Naked Insurance.

First National Bank has finally launched supported for Apple Pay in South Africa, the financial services institution said on Tuesday.

SAP Africa has appointed company veteran Tracy Bolton as chief operating officer. Bolton, who has worked in various roles at SAP for the past nine years, has 25 years of experience in the IT sector.

Eskom has reached “commercial operation status” of its final generation unit at Medupi, one of the world’s largest coal-fired power stations – and likely one of the last of its size to be built.

First National Bank is deploying mobile ATMs in parts of KwaZulu-Natal and Gauteng hit by recent large-scale looting as a temporary measure while it rebuilds infrastructure destroyed in the riots.

Contactless payments platform SnapScan has released an update to its app that allows people to make peer-to-peer payments from its electronic wallet.

South African insurance-technology start-up Pineapple has raised R80-million in a series-A funding round from investors including Vunani Capital and Old Mutual.

Convergence Partners, the private equity investment firm controlled by businessman and entrepreneur Andile Ngcaba, has announced the first close of its third fund after raising $120-million.

MTN is working to expand its 5G coverage, despite uncertainty about the allocation of new spectrum, and has deployed 5G towers in Polokwane and Emalahleni, with more towns to follow.

A powerful cold front that swept across South Africa overnight, coupled with a loss of generation capacity, means Eskom will implement load shedding from 4pm to 9pm on Thursday.