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Shoprite Group, South Africa’s largest retailer, has quietly launched a basic transactional bank account linked to its Xtra Savings rewards cards.

South African fintech Ozow has raised $48-million in a series-B funding round led by China’s Tencent Holdings.

Openserve, the wholesale division of Telkom, has announced that it will serve as the landing station partner for Google’s massive Equiano submarine cable system in South Africa.

JSE-listed Woolworths Holdings said almost 15% of its turnover came from online channels in its most recent reporting period.

South Africa will likely be hit by a fourth wave of infections but its impact probably won’t be as severe as during earlier surges, new modelling shows.

Due to plant breakdowns at three power stations, Eskom will implement stage-2 load shedding for the rest of the week.

Energy regulator Nersa and energy minister Gwede Mantashe have been sued by environmental activists over plans to allow the construction of new coal-fired power plants.

Icasa is making steady progress in meeting the requirements for holding a long-anticipated spectrum auction next year.

ZTE in South Africa has agreed to pay R5-million in a settlement agreement over “cartel conduct”, the Competition Commission said on Tuesday.

Nigerian tech start-up TeamApt is in the market raising its third round of funding at a value of more than $1-billion.