Financial services chatbot developer FinChatBot has secured R7-million in funding from South Africa’s Kalon Venture Partners and Mauritius-based Compass Venture Capital.
There is certainly a lot of volatility in the technology space right now, but some of the recent investor nervousness is being driven by interest-rate concerns.
The bad news keeps piling up for Apple ahead of the crucial holiday season.
Tencent Holdings posted earnings that surpassed all analyst estimates as one-time gains and advertising demand limited the impact of a government clampdown on its lucrative games business.
MTN Group is close to agreeing an $800-million settlement with Nigerian authorities over a claim it illegally transferred $8.1-billion funds out of the country, according to a person familiar with the situation.
Standard Bank and AVI have announced they will list on new South African stock exchange A2X.
Private equity investment firm Ethos has launched a new fund, targeting R1-billion, that will invest in artificial intelligence companies in South Africa.
Former Vodacom Group executive Romeo Kumalo has started a tech-focused South African investment firm and aims to raise as much as R2.9-billion in an initial public offering next year, sources say.
Blue Label Telecoms, taking advantage of its low share price, has bought back almost 3.5% of the company’s issued share capital, it said on Monday.
Apple shares tumbled on Friday amid concerns that growth in its powerhouse product, the iPhone, is slowing.