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SA powers Africa’s .64bn tech funding rebound

SA powers Africa’s $1.64bn tech funding rebound

SA is one of the biggest beneficiaries of the start-up funding recovery, raising $335.9 million. (Image created via ChatGPT) South Africa emerged as one of the biggest beneficiaries of Africa’s tech start-up funding rebound in 2025, as total capital raised across the continent surged 46.2% year-on-year to $1.64 billion. This is according to the latest…

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Liquid secures nearly R10-billion in new funding

Liquid secures nearly R10-billion in new funding

Liquid Intelligent Technologies has secured US$410-million (R6.5-billion) in new financing from a consortium of commercial development finance institutions, according to a Thursday statement. Liquid’s parent company Cassava Technologies has simultaneously committed to a $195-million (R3.1-billion) capital injection into Liquid, bringing the total new funding to R9.6-billion. The news follows the full repayment by Liquid of…

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U.S. and Israel launch strikes on Iran

U.S. and Israel launch strikes on Iran

The U.S. and Israel were striking Iran on Saturday morning, with Iranian media reporting explosions across the capital Tehran. President Donald Trump said U.S. forces have begun “major combat operations in Iran,” in an eight-minute video message shared on Truth Social. “Our objective is to defend the American people by eliminating imminent threats from the…

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Discovery Bank turns R145m loss into R230m profit

Discovery Bank turns R145m loss into R230m profit

Discovery Bank was launched in 2019 as SA’s first fully digital, wellness‑linked bank, part of the Discovery Limited ecosystem. Discovery Bank is accelerating client acquisition in South Africa, as it deepens its footprint in an increasingly competitive retail banking market. This emerged when parent company insurer Discovery yesterday published its operational update and trading statement…

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Provinces ordered to enforce ban on online casinos

Provinces ordered to enforce ban on online casinos

The National Gambling Board (NGB) has reiterated that online gambling remains unlawful in South Africa and has issued a formal notice to all provincial licensing authorities to this effect. It provides guidance on compliance obligations in respect of remote gambling infrastructure and applicable technical standards. The board said on Friday that interactive and remote gambling…

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