Author: Staff Reporter

Takealot Group will replace long-serving CEO Kim Reid on 1 October. The role will be filled by Mamongae Mahlare, who joins South Africa’s largest online retailer from Illovo Sugar.

Moove, a Nigerian fintech start-up that also operates in South Africa and Ghana, has raised $23-million (R335-million) in series-A funding to expand its tech-based vehicle financing platform.

The Competition Tribunal has given the green light for JSE-listed Transaction Capital to buy a controlling 74.9% stake in South African online car marketplace WeBuyCars. No conditions were attached.

An explosion at the Unit 4 generator at the Medupi power station in Limpopo has knocked out an adjacent unit, Eskom said on Monday. It’s not yet clear if this will lead to load shedding in the coming week.

As Sipho Maseko begins his orderly and well-telegraphed exit from the Telkom CEO position, a first quarter financial update from the telecommunications provider contains a few more worrying signs.

JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.

South Africa experienced 650 hours of load shedding in the first half of 2021 (15% of the time), shedding an estimated 963GWh of estimated energy, according to a new report from the CSIR.

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.