Shein is seeking a valuation of between US$30-billion and $40-billion (R495-billion and R660-billion) in a Hong Kong initial public offering (IPO) that the online fast-fashion retailer plans to launch as early as mid-August, three people familiar with the matter said. Shein started pre-deal investor meetings last week, one person said. The deal could be launched…
Apple is increasing the monthly cost of its Apple Music streaming service for South African subscribers. Local customers received email notifications regarding the adjusted pricing structure, which is set to take effect on 27 August 2026. Read: Cape Town approves the Equinix 170MW data centre The price adjustments across tiers are as follows: Individual Plan:…
Mark Walker, director & co-founder of Transformation for Innovation (T4i). Several tech industry experts will present at the ITWeb Cloud Summit 2026, including Mark Walker, director and co-founder of Transformation for Innovation (T4i), who will focus on the inevitable impact of agentic AI on the evolution of the cloud ecosystem. Walker is among several industry…
The SABC’s streaming platform has passed three million registered users, roughly doubling its sign-up rate over the four months that included South Africa’s first Fifa World Cup appearance since 2010. The broadcaster announced the milestone in a statement on Monday. It did not say how many of those three million registrations are active viewers. The…
The South African Broadcasting Corporation’s (SABC’s) free streaming platform, SABC+, has officially passed the three-million registered user mark, solidifying its position as one of the country’s leading digital entertainment hubs. According to the public broadcaster, these registered profiles represent a fully logged-in, consented audience rather than transient web traffic. This distinction enables SABC+ to deliver…
Mfundo Nkuhlu, Nedbank COO. Mfundo Nkuhlu, chief operating officer (COO) of Nedbank Group and executive director of Nedbank Group Limited and Nedbank Limited, has elected to take early retirement at the end of the year, having reached the age of 60. In a statement, the bank says Nkuhlu joined Nedbank in April 2004 as managing…
PHEVs are proving popular in South Africa, but consumers are still shunning full EVs One in every 17 new vehicles sold in South Africa is now electrified, according to automotive industry body Naamsa. But only one in 123 is fully electric. Naamsa reported 3 045 new-energy vehicle sales in June, a 104.2% increase on the same…
What does it take to build a globally competitive business from one of the world’s most challenging startup environments? South Africa’s startup ecosystem is vibrant, but global recognition remains the exception rather than the rule. That is why the recent inclusion of Teach Me 2 in Time’s World’s Top EdTech Companies 2026 is about more…
Honda took a major step toward commercializing solid-state battery technology by entering a strategic partnership with US battery developer QuantumScape. The collaboration follows Honda’s decision to cancel the North American launches of three planned electric vehicles, the Honda 0 SUV, Honda 0 Saloon, and Acura RSX, a setback that contributed to the automaker’s first annual…
South Africans are embracing AI tax bots this filing season, even as trust in AI versus that of tax professionals cools in the US.
