Moment, the pan-African payments company that grew out of MultiChoice’s fintech ambitions, has closed a US$22-million (R364-million) series-A funding round led by AlphaCode Venture Partners, taking the total it has raised since inception to $55-million. The round includes follow-on investment from existing backers General Catalyst and MultiChoice, and fresh money from Canal+, the French media…
Stitch now offers a multi-acquirer architecture for PayShap Request. Stitch, the payments infrastructure provider behind several South African online retailers, is now live with PayShap Request. This, in a move to give enterprise businesses in South Africa a way to collect real-time payments across all major local banks, according to a statement. PayShap Request is…
South Africa has been excluded from the World Bank’s global map of economies with a national AI strategy, a direct consequence of the collapse of the country’s draft AI policy in April. The exclusion appears in World Development Report 2026: The Promise of Artificial Intelligence, the Bank’s flagship annual publication, released on Tuesday. A note…
Bolt is betting on conversational AI by making its ride-hailing platform accessible through ChatGPT. South Africans can now plan and request a Bolt ride through ChatGPT. Bolt has introduced a ChatGPT integration in South Africa, enabling users to request rides through the artificial intelligence (AI) assistant using natural language. According to a statement, the new…
VALR CEO Farzam Ehsani Barring South African companies from moving crypto assets across the country’s borders will likely drive those transactions underground or offshore and reduce the very oversight national treasury and the South African Reserve Bank are trying to achieve, according to VALR CEO Farzam Ehsani. Ehsani was responding to the draft Crypto Asset…
Meta Platforms reported a staggering 91% drop in second-quarter free cash flow to $784 million, down from $8.55 billion a year earlier, as the financial burden of its massive artificial intelligence buildout mounts. The cash flow collapse, marking Meta’s lowest level since late 2022 when its Reality Labs division faced heavy scrutiny over $80 billion…
Clayton Campbell, MD of Onsite IT. AI is being used across companies, often without IT teams having full visibility into which tools employees are using, what data they are accessing or the risks they may introduce, according to South African managed services provider Onsite IT and its software partner Jamf. While the findings apply broadly…
Every online school reaches a fork early, and most take the same branch. The technology that runs the school – the live lessons, the coursework, the tracking, the parent view – can be licensed from vendors who built it for the market as a whole, connected behind a single brand and put in front of…
Microsoft staged a historic rally last week, adding nearly $450 billion in market value in a single trading session, the largest one-day gain on record for any publicly traded company. The unprecedented surge was driven by stronger-than-expected cloud growth forecasts and robust cash generation projections for the coming fiscal year. Read: Cape Town approves the…
Winners of the Enactus South Africa National Exposition 2026 challenge. (Image supplied) Nelson Mandela University students’ Batho Pele BioLoop Africa Farm project emerged as the overall winner at the 2026 Enactus South Africa National Exposition. The artificial intelligence (AI)-powered circular farming solution earned the team the title of 2026 champions and a place at the…
