Prosus inks three-year AWS deal to scale AI across its global portfolio

Prosus inks three-year AWS deal to scale AI across its global portfolio

Image for illustration purposes only Naspers subsidiary Prosus has signed a three-year global partnership agreement with Amazon Web Services to scale the use of artificial intelligence across its portfolio companies in Latin America, Europe and India. The agreement will see selected Prosus-backed businesses – including iFood, OLX, PayU, Despegar, eMag and Just Eat Takeaway.com –…

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Seasoned CIO returns to Absa Group

Seasoned CIO returns to Absa Group

Nomonde White-Ndlovu rejoins Absa as CIO for group compliance. Seasoned technology executive Nomonde White-Ndlovu has taken up a new role as chief information officer (CIO) for group compliance at Absa, effective February. This marks White-Ndlovu’s return to the banking group, after previously spending over nine years with the organisation. In her previous roles, she was…

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Why stablecoins are booming in Africa

Why stablecoins are booming in Africa

Yellow Card MD Lasbery Oludimu Stablecoin adoption is surging across Africa as both businesses and consumers find use cases that assist in speeding up and lowering the cost of transacting. Speaking in a webinar hosted by Absa Corporate and Investment Banking (CIB) on Tuesday, Lasbery Oludimu, MD of US-headquartered fintech and cryptocurrency exchange Yellow Card,…

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‘Please Call Me’ creator labels Black Rock’s quest for money ‘fraud’

‘Please Call Me’ creator labels Black Rock’s quest for money ‘fraud’

‘Please Call Me’ inventor Nkosana Makate. ‘Please Call Me’ creator Nkosana Makate says Black Rock Mining’s claim that he owes it money is fraudulent, and there is no basis for arbitration to secure 40% of his settlement with Vodacom, South Africa’s second-largest mobile operator. In December, British Virgin Islands-registered Black Rock Mining lost its battle…

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Vodacom’s real growth story isn’t mobile

Vodacom’s real growth story isn’t mobile

For years, Vodacom Group was viewed primarily as a telecommunications operator with an interesting side business in mobile money. That framing no longer holds: the numbers in its latest quarterly trading update show that fintech is not just a growth engine, it is becoming central to the group’s identity. Over the past 12 months, Vodacom’s…

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Vehicle-to-grid EVs could slash electricity, driving costs

Vehicle-to-grid EVs could slash electricity, driving costs

Vehicle-to-grid helps balance grid demand, supports renewables and can generate income. (Image created using GenAI via ChatGPT) A new study suggests that widespread adoption of vehicle-to-anything (V2X) electric vehicles (EVs) could double as home energy assets, helping South African households save on fuel and electricity. The research shows that combining EVs with rooftop solar not…

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Estonia’s digital ID lesson for South Africa

Estonia’s digital ID lesson for South Africa

Digital identity has become economic infrastructure across the globe. For South Africa, which could begin rolling out its own digital IDs for citizens later this year, whether they drive inclusion or exclusion will depend on design, governance and cyber resilience. The core difference between smart IDs, which are currently replacing the green ID book, and…

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TymeBank officially rebrands to GoTyme Bank

TymeBank officially rebrands to GoTyme Bank

Cheslyn Jacobs, CEO of GoTyme Bank South Africa. TymeBank has officially transitioned to GoTyme Bank, marking the next step as part of the global Tyme Group. In a statement today, the branchless bank also unveiled a new GoTyme banking application. The name change came after TymeBank, which now serves over 20 million customers, became the…

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