South Africa’s big four retail and commercial banks spent in excess of R30bn on IT in the 12 months to end-June 2016, including the cost of staff involved in this function. Excluding the cost of people, nearly R15 out of every R100 spent on
Browsing: FirstRand
Technology-powered South African start-up SweepSouth, which provides online, on-demand home cleaning services, has secured R10m in new venture capital funding, it said on Monday. The funding comes from the Vumela Fund, as well
Driver-partners of Internet ride-sharing service Uber will have easier access to cars following a R200m agreement with vehicle finance provider WesBank and FirstRand’s enterprise development fund Vumela. The companies announced on Tuesday in Johannesburg that
One person who is notably absent among the investors in Alan Knott-Craig’s new venture, HeroTel, is former FirstRand CEO Paul Harris, who had helped bankroll Knott-Craig’s acquisition
FNB Connect boss and head of First National Bank’s business operations, Farren Roper, has resigned after five years at the company to pursue an undisclosed business venture in the telecommunications sector. Roper is an admitted attorney and an executive director
First National Bank CEO Michael Jordaan may be planning to leave the bank at the end of the year, according to a report. The 44-year-old has been CEO since 2004 and has been instrumental in driving its digital strategy, including the development of mobile banking applications and its drive to get consumers to use digital
Stellenbosch-based mobile social network Mxit is retrenching as much as 27% of its workforce, company insiders say. This comes just months after the exit of CEO Alan Knott-Craig, who also formerly headed up the investment vehicle World of Avatar of which Mxit is part. TechCentral has learnt