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
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Vodacom has not revealed what caused an error that led to several of its customers being double debited last week. Vodacom sent an SMS to customers on Friday afternoon informing them that the company was aware that some accounts had been debited twice owing to a “technical glitch”. The company promised to
Mobile payments are gaining acceptance and will impact on traditional businesses, says a research organisation. According to Gartner, half of consumers in developed economies such as
First National Bank has apologised for inconveniencing some of its clients on Saturday. “We apologise to any of our customers who weren’t able to make purchases using their FNB cards a short while ago. This problem has now been resolved,” tweeted the bank
First National Bank has added shopping coupons from Shoprite Checkers to its smartphone banking app. The deal allows FNB customers to access in-store savings at the point of
First National Bank’s mobile virtual network operator business, FNB Connect, has hit a subscriber milestone. The financial services group said on Monday that it now has 100 000 active Sims on its network, five months after launch. FNB Connect CEO Ravesh Ramlakan
Imagine going online to order an identity document, paying by electronic funds transfer, then popping into the bank at your local mall to collect it? This is what the department of
Former First National Bank CEO Michael Jordaan has announced an investment in local online wine retailer Port2Port. Jordaan has invested an undisclosed amount in the startup. He tweeted the announcement through Montegray Capital, which is his startup investment vehicle
South African consumer confidence is on par with the lowest reading recorded during the 2008/2009 recession, according to the FNB/BER Consumer Confidence Index (CCI) on Thursday. Having plunged from -4 index points in the first quarter of 2015 to a 14-and-a-half-year
Government, with the help of banks, plans to replace 38m green ID books with smart ID cards within five years. This is according to home affairs minister Malusi Gigaba, who on Wednesday announced new pilot phases for South Africa’s proposed smart ID card project