Purple Group buys AI fintech Telescope in R177-million deal

Purple Group buys AI fintech Telescope in R177-million deal

Purple Group, the JSE-listed owner of EasyEquities, is acquiring Telescope AI, the Australian start-up whose technology already powers the investment platform’s AI Baskets feature, in a deal worth up to US$10.75-million (R177-million). Purple Group and EasyEquities operator First World Trader will each acquire 50% of Telescope AI from the Pettett Family Trust and three key…

Read More
Crypto regulations ‘unconstitutional, bypass Parly’

Crypto regulations ‘unconstitutional, bypass Parly’

Luno says National Treasury should go through Parliament to regulate crypto. (Image created by GenAI) Crypto-currency exchange Luno is arguing that National Treasury’s bid to bring digital currency under a 65-year-old forex regime is unconstitutional and contradicts the South African Reserve Bank’s own stance on the future role of stablecoins in payments. In a statement…

Read More
Job cuts at smartphone maker Oppo South Africa

Job cuts at smartphone maker Oppo South Africa

Oppo launched in South Africa in September 2020. Chinese smartphone maker Oppo is retrenching employees in South Africa amid a slowdown in global smartphone sales. The company confirmed the job cuts after a source told ITWeb that a total of 13 employees in different roles had been impacted. Oppo did not disclose the number of…

Read More
Africa: Luxury Tourism Is a Risky Strategy for African Economies!

Africa Pastoral Markets Forum Seeks to Unlock Livestock Sector As Driver of Economic Growth

Addis Ababa — The First Africa Pastoral Markets Forum opened in Addis Ababa on Monday with a call to transform Africa’s pastoral livestock sector into a major driver of economic growth, employment, trade, investment, and resilience across the continent. The five-day forum, running from July 13 to 17, has brought together representatives from 15 African…

Read More