Bending Spoons, one of Europe’s leading technology companies, today announced it has raised $710 million in equity at a pre-money valuation of $11 billion. The round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management & Research Company, Foxhaven Asset…
Alfa Romeo launched a brave and important new car for the brand on Wednesday. The all-new Alfa Romeo Junior Elettrica is now available in South Africa and, while it isn’t perfect, it unquestionably retains the Alfa DNA that Alfisti demand. It’s with a little trepidation that one attends Alfa launches because … well … it’s…
Legora, the collaborative AI platform for lawyers, today announced the completion of a Series C round of $150 million at a $1.8 billion valuation, led by Bessemer Venture Partners, with significant investment from existing investors ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator, to accelerate its global expansion and growing product roadmap. The funding…
The supreme court of appeal has upheld a judgment that online fixed-odds betting operators cannot offer casino games and other forms of online gambling – a move that has been welcomed by the National Gambling Board (NGB). The NGB said in a statement on Wednesday that South African laws do not allow for interactive or…
SME Snapshot has launched an updated version of its business management dashboard, aimed at helping small and medium-sized enterprises (SMEs) demonstrate their financial health more clearly to potential funders. Access to finance remains one of the biggest barriers to SME growth in South Africa, despite the sector contributing over a third of GDP and employing…
The slow pace of meaningful transformation in the ICT industry has been exposed. The B-BBEE ICT Sector Council says it received only three equity equivalent investment programme (EEIP) applications over the past 12 months. In addition, the council says it encounters pushback when trying to verify the investment commitments and deployment of funds by multinational…
NEC XON’s Willem Wentzel In many parts of Africa, industries still face crippling gaps in Wi-Fi connectivity. Vast mining operations, ports, construction projects and energy facilities often extend far beyond the reach of fibre or LTE networks. They are also too expansive for traditional meshed Wi-Fi to be cost effective, and latency is a big…
Datatec CEO Jens Montanana. Datatec’s stock fell 3% this morning, despite the global technology group reporting a 109.5% increase in headline earnings per share for the interim period to end-August. The JSE-listed company’s shares dropped to well below R70 by 10am, even as it delivered strong financial results. Over five years, the stock is up…
Datatec Group CEO Jens Montanana JSE-listed IT multinational Datatec Group has more than doubled its interim dividend after reporting a 109.5% year-on-year jump in headline earnings per share in the six months to end-August 2025. The group, which owns Westcon and Logicalis, declared a dividend of R1.75/share, up 133.3% compared to the dividend of 75c…
The Ikamva Digital learning platform offers learning tracks that introduce TVET students to AI. Students and educators at local technical and vocational education and training (TVET) colleges will be able to tap into an online reservoir to up their acumen in demand-led skills. This, as the Ikamva Digital platform, aimed at TVET students and educators,…
