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
Willem Roos, the founder and CEO of short-term insurer Outsurance, part of the Rand Merchant Investment Holdings stable, has resigned to join wireless broadband operator Rain. Roos will leave Outsurance at the end of
NMRQL Research, a new financial technology start-up co-founded by former First National Bank CEO Michael Jordaan, has launched a unit trust fund that uses machine learning to drive research, analysis and stock
In this episode of the TechCentral podcast, Duncan McLeod chats to Michael Jordaan, founder and CEO of Montegray Capital. Jordaan, the former CEO of First National Bank, talks about his investments in South African
A culture that shies away from risk-taking is one of the biggest impediments to developing a bigger technology start-up ecosystem in South Africa. Michael Jordaan, CEO of venture capital firm Montegray Capital and
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
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
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
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
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