Capitec’s head office in Stellenbosch. Image: Capitec Capitec is moving deeper into South Africa’s fast-growing payments ecosystem with a R400-million acquisition of fintech player Walletdoc, a move that signals the Stellenbosch-based bank’s intention to broaden its reach in digital commerce and lower the cost of transacting. The bank said on Monday that it has signed…
In the past three months, Afrika Tikkun has trained over 600 unemployed young people in Diepsloot. Afrika Tikkun, in partnership with the MTN SA Foundation, has opened a digital skills hub in Diepsloot. Through the Afrika Tikkun Digital Skills Hub, the partners aim to equip young people with the skills needed to thrive in a…
Paramount Skydance on Monday launched a hostile, US$108.4-billion bid to buy Warner Bros Discovery, throwing a wrench into the $72-billion deal with Netflix in a last-ditch effort to create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and…
Capitec Bank has entered into a binding agreement to acquire 100% of Walletdoc Holdings Proprietary Limited, subject to regulatory approvals. The move forms part of Capitec’s strategy to enhance its digital payments ecosystem for both Business and Personal Banking clients. Founded in 2015, Walletdoc is a South African fintech providing scalable payment gateway solutions for…
Scatec starts commercial operation at Grootfontein solar power plant in SA. Norwegian renewable energy producer Scatec has begun commercial operation of its 273MW solar power plant in Grootfontein in the Western Cape. In a statement, Scatec says the solar plant will generate predictable revenue from a 20-year power purchase agreement. “We are proud to commence…
Municipalities have until Wednesday this week to make written submission on new draft rules that will influence how they operate, budget and deliver services in the energy sector. This follows national energy regulator Nersa publishing its draft electricity trading rules and a consultation paper in late November. It aims to establish a fair framework for…
Powerlynx’s direct integration with 1Voucher allows cash-only customers to make online payments for WiFi. Monetising WiFi hotspots is simplified with the new Powerlynx feature, which offers direct integration with 1Voucher. Activation of the voucher is now processed as a payment method. Previously, 1Voucher could also be used, but only through the Netcash payment system as…
Is your AI hallucinating? RAG, vibe coding and the data reality. What’s the true cost of chasing the latest AI hype? More often than not, it’s a solution in search of a problem. In this sharp, pragmatic new episode of Tech Unboxed, BBD software engineers Riselle Rawthee and Hyla Fourie pull back the curtain on…
Kastelo GIGS rewards are flexible and practical. When Kastelo created GIGS, the mission was simple: to give South Africans a fairer, smarter and easier alternative to traditional mobile networks. For too long, people have been paying for bundles they don’t fully use, watching their data expire and losing money that could have been spent on…
Moses Katende, Senior Manager, SoluGrowth, South Africa. Employer of record (EOR) services have become one of the fastest-growing segments in the global workforce environment. Once viewed as a purely administrative function, EOR today stands at the intersection of compliance, talent strategy, workforce agility and international expansion. The EOR market is strategically evolving, driven by a…
