Browsing: Michael Jordaan

News
Michael Jordaan behind new digital-only bank

Former First National Bank CEO Michael Jordaan on Tuesday revealed in a tweet that he is backing a new digital-only bank, called Bank Zero, to be launched in South Africa later this year. In a post on Bank Zero’s newly launched

News
IS, Rain to offer wholesale LTE-A to ISPs

Internet Solutions said on Monday that it has reached an agreement with Rain (formerly Wireless Business Solutions) to offer Internet service providers access to the latter’s 4G/LTE-Advanced wireless broadband network. IS will act as Rain’s

News
WBS rebrands as Rain, outlines 4G+ plans

Wireless Business Solutions (WBS), the holding company of iBurst and Broadlink acquired in 2015 by the Michael Jordaan- and Paul Harris-backed firm Multisource, has been rebranded as Rain. The company, which is building

News
WBS ordered to pay millions to Vodacom

Wireless Business Solutions, the holding company of iBurst and Broadlink, has been ordered by the high court in Johannesburg to pay Vodacom more than R40m in interconnection fees. The court handed down the judgment in September – it has not been

Editor's pick
Skills gap strands SA business

As CEO of First National Bank, Michael Jordaan moved the lender into the tech era by persuading customers to manage their accounts online. One of his biggest challenges was finding enough software developers. “At the time we had severe shortages

In-depth
New WBS investors not in for an easy ride

Former top bankers Michael Jordaan and Paul Harris could steal a march on South Africa’s established mobile telecommunications operators when they launch their new national wireless broadband network early next year thanks

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