Southern Africa’s venture capital sector closed off 2024 with R13.35 billion in active investments across 1 325 deals. For the third consecutive year, ICT-focused start-ups continued to attract the lion’s share of venture capital (VC), accounting for nearly two-thirds of total investment. This, as data shows Southern Africa’s VC sector closed off 2024 with R13.35…
Rapid growth in venture capitalist investments in Southern African – with early stage tech start-ups taking the lion’s share of the VC pot – is a sign of the region’s growth potential. This is especially true given the slowdown in venture capital funding commitments globally. This is according to Nicola Gubb, interim executive director of…
The new 1GLOBAL HQ is located at the striking new Valley complex in Zuidas, Amsterdam. 1GLOBAL, a technology-driven global mobile communications provider, has established its headquarters in Amsterdam while significantly strengthening its governance framework. These strategic moves position the company for accelerated growth in the global mobile virtual network operator (MVNO) and global mobile virtual…
Multinational payment authorisation services giant Visa launched its first data centre in South Africa on Wednesday. The build forms part of Visa’s R1-billion commitment to investments in Africa. According to Michael Berner, country manager for Southern and Eastern Africa at Visa, the launch is aimed at improving Visa’s services in South Africa and also forms…
SecurityBridge, the leading SAP security software provider, acquires MFA and SSO software company CyberSafe. SecurityBridge, the creator of the Cybersecurity Command Center for SAP, today announced the acquisition of CyberSafe, a UK-based pioneer in multi-factor authentication (MFA) and single sign-on (SSO) solutions for SAP users. The acquisition marks a significant milestone in SAP security innovation,…
Vodacom Group CEO Shameel Joosub Vodacom Group on Wednesday said it facilitated US$460-billion (R8.1-trillion) in transactions through its mobile money platforms in the past year, including in Kenya, underscoring just how important financial services has become to the JSE-listed telecommunications operator. “The sustained growth of our financial services is particularly pleasing as this seeks to…
Conrad Leigh, previously the chief operating officer, has been appointed as Rain’s new CEO. Telecommunications service provider Rain has announced some leadership changes at the company. In a statement, the company says Brandon Leigh, founder and CEO, has stepped away from his executive position and moved into a strategic advisory role on the board. Conrad…
The protracted, multibillion-rand investment by Vodacom in Vumatel owner Maziv led an “unprecedented” legal challenge to the competition appeal court (CAC) at a hearing into the matter on Tuesday. The Competition Commission U-turned earlier this month when it announced it was now in favour of the deal following negotiations with Vodacom and Maziv. It had…
From their origins as Lulalend, a pioneering digital lender, the fintech founded by CEO Trevor Gosling and CTO Neil Welman has evolved into a comprehensive digital business banking platform (Lula), consistently demonstrating innovation, agility, and a deep understanding of the unique challenges and opportunities faced by South African SMEs. “We have evolved in leaps and…
(From left) Jacques Smit, Acronis country manager SA; Steve Porter, MD, Metrofile Cloud; Byron Robertson, GM, Metrofile Cloud; Ronan McCurtin, Acronis RVP Europe, Israel and Africa. Acronis, a global specialist in cyber protection, has named Metrofile Cloud as its premier disaster recovery (DR) partner in southern Africa. The partnership will avail disaster recovery solutions to…
