Wiocc Group CEO Chris Wood Wiocc Group has signed an agreement with the Africa Finance Corporation and Saudi Arabia’s Vision International Investment Company for a combined US$300-million investment, by some distance the largest capital raise in the company’s history. The shareholder subscription agreement was signed on Tuesday at the Leap technology exhibition in Riyadh, which…
South Africa’s largest online marketplace, Takealot.com, has increased the minimum order value required to qualify for free delivery from R650 to R750. Alongside the threshold increase, the retailer has altered its checkout process to automatically select premium, paid delivery options by default, even when an order meets the criteria for free shipping. Read: Apple refreshes…
Shoprite’s trading profit increased 8.4% to R16.2 billion, while gross profit rose 8.1% to R66.5 billion for the 52 weeks ended 28 June. Shoprite has expanded its push into South Africa’s informal economy and digital financial services after finalising the acquisition of an initial 51% stake in R&A Cellular. According to the retail group’s latest…
South Africans spent more on telecoms products in the first half of 2026 but bought fewer of them, according to NielsenIQ’s latest State of the Retail Nation analysis. Average selling prices in the category, the largest in the local tech and durables market, rose 9.8% while unit sales fell 7.9%. It was also the only…
Google bridges the gap between cloud infrastructure teams and the SOC. (Image source: iStock) Digicloud Africa, Google’s enablement partner in Africa and the exclusive distributor of Google Security Operations (SecOps) across Africa, is actively recruiting new partners to take advantage of the ‘massive’ Google SecOps opportunity. Chris Richardson, Head of Cloud Strategy at Digicloud Africa,…
OpenAI CEO Sam Altman. Kylie Cooper/Reuters OpenAI has denied Apple’s allegations of trade secret theft, saying the iPhone maker failed to show any confidential information was stolen by former employees. “This dispute is a mess of Apple’s own making, and it is trying to blame everyone else,” OpenAI said in a filing late on Monday…
Bidders for the Home Affairs revenue administration system must plan and price for a larger, two‑tier footprint of 275 fixed sites and 230 mobile units. It a good week for the hardware sector on National Treasury’s eTenders Portal, as several large public sector institutions look to address equipment requirements. The Department of Home Affairs takes…
Eskom group chief financial officer Calib Cassim Eskom reported R4.9-billion of irregular expenditure for the year to 31 March 2026, less than half the restated figure for the year before. But read further into the auditor’s report and a different number appears. During the year, Eskom confirmed irregular expenditure of R36.8-billion relating to prior years….
Mamor Capital Veutres co-founder and CFO Fuzlin Levy-Hassen, and founder and CEO Mamokete Ramathe. Mamor Capital Ventures has secured a R300 million first close for its inaugural fund, giving the black women-owned venture capital (VC) firm capital to begin investing in post-revenue South African technology businesses. According to a statement, the firm is continuing to…
Eskom reported a R30.3-billion profit for the year to 31 March, but a larger sum than that never reached the income statement at all. Outgoing group chief financial officer Calib Cassim set out the arithmetic at Monday’s results presentation. Eskom, he said, lost 13.1TWh of electricity to theft during the year – power that was…
