Optasia’s plans to list on the JSE could see the company valued at up to R23.5-billion in its public market debut. In a pre-listing statement on Monday, Optasia, whose backers include investor Michael Jordaan, outlined its intention to price its initial share offer at between R15.50 and R19/share. The number of shares on offer will…
Up to 30% of SA’s GBS workforce is concentrated in Durban, says BPESA. Considered somewhat of a late entrant into the global business services (GBS) space, coastal city Durban is now entrenching itself as a leading GBS hub. This, as 25% to 30% of SA’s GBS workforce is concentrated in the KwaZulu-Natal (KZN) capital city,…
Tyme Group CEO Coen Jonker Digital-first banking platform and fintech TymeBank intends to rebrand itself as GoTyme in the first half of 2026, aligning with its brand identity in some of its international markets. According to a report by News24 on Monday, the rebrand was announced during a closed investor session hosted by TymeBank last…
South African fintech borrowers are concentrated in below prime risk tiers. South Africa’s fintech market is projected to reach $19.5 billion (R340 billion) by 2030, signalling a major shift in how consumers engage with credit. This is according to TransUnion’s latest research into SA’s fintech lending market, which reveals insights into borrower behaviour, loyalty and…
Eskom has simplified how households and small businesses connect their rooftop solar and other so-called “small-scale embedded generation” (SSEG) systems to the national grid, cutting costs and red tape. The utility said on Tuesday that its revised compliance and registration process will make legal grid connection “easier, safer and more affordable”, while keeping safety standards…
The global AWS outage showed that online services are heavily dependent on a handful of infrastructure and cloud service providers. (Image source: 123RF, created via GenAI) Analysts and industry players are urging organisations to review their cloud computing environments following the global outage experienced yesterday by Amazon Web Services (AWS). The outage disrupted internet services…
Certus co-founders Adam Gamieldien, Isaac Nichols and Gurveer Singh (CEO) A South African AI start-up, led by 19-year-old entrepreneur Gurveer Singh, has secured the backing of Y Combinator, the prestigious Silicon Valley business accelerator that has backed the likes of OpenAI and Airbnb. Founded in Cape Town by Singh, who serves as CEO, and by…
Aptiv unveils new Gen 8 Radars Aptiv PLC (NYSE: APTV), a global technology company focused on enabling a safer, greener, and more connected future, today announced its most advanced radar technology to date—engineered to meet the evolving demands of future advanced driver-assistance systems (ADAS). Powered by Aptiv’s proprietary antenna and silicon design, the Gen 8…
South Africa spends a lot of time worrying about anchor industries like mining, finance and energy. They dominate headlines and boardroom agendas, but while we watch those traditional levers creak and strain, we’re ignoring a resource that could impact our long-term growth trajectory significantly. South Africa has one of the richest pools of diversely experienced…
NTT Data has acquired Alchemy Technology Services, a specialist insurance technology consultancy. The acquisition strengthens NTT Data’s capacity to support insurers with digital transformation, core system implementation, and complex regulatory requirements. Image supplied Alchemy brings expertise in speciality insurance, including regulated markets such as the London Market, complementing NTT Data’s existing network of more than…
