FirstRand ups stake in Optasia in R1.5-billion deal

FirstRand ups stake in Optasia in R1.5-billion deal

Banking group FirstRand has increased its shareholding in JSE-listed fintech Optasia to 26.1% after acquiring an additional 6% stake in a deal worth about R1.48-billion. The banking group purchased 74.1 million ordinary shares at R20 each on 25 March from an entity owned by Bassim Haidar, Optasia’s founder and non-executive director. The transaction follows FirstRand’s…

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Hyperscalers up cloud investments amid AI demand

Hyperscalers up cloud investments amid AI demand

Looking ahead to 2026, Omdia forecasts that global cloud infrastructure services spending will grow by 27%. (Image source: 123RF) Global spending on cloud infrastructure services reached $110.9 billion in Q4 2025, reflecting year-on-year growth of 29%. This is according to market research company Omdia, which notes that growth accelerated from the previous quarter, marking the…

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The R16-billion tech giant hiding in plain sight

The R16-billion tech giant hiding in plain sight

Datatec group CEO Jens Montanana JSE-listed technology group Datatec has delivered a total shareholder return of 361%¹ over five years, making it one of the best-performing stocks in the local technology sector – yet it remains one of the least discussed. The figure, disclosed in an updated investor presentation (PDF) published on Thursday, covers the…

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Caught between the sun and Eskom’s bill

Caught between the sun and Eskom’s bill

Solar affordability is holding installations back. (Image created by GenAI) Eskom has extended its solar sweetener for residential systems under 100 kilovolt-amperes (kVA), but registration costs may still keep homeowners away, even as power prices rise. Less than 10% of affected households have registered their rooftop solar systems despite Eskom’s R10 000 assistance offer, even…

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Africa powers mobile money to -trillion milestone

Africa powers mobile money to $2-trillion milestone

Global mobile money transactions surpassed US$2-trillion in 2025, doubling in just four years, according to the GSMA’s latest State of the Industry Report on Mobile Money. The mobile telecommunications industry body said it took 20 years for mobile money to reach its first trillion dollars in annual transaction value, but only four years to double…

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