Visa’s Lineshree Moodley South Africa’s consumers have spent the past few years ditching cash for taps, virtual cards and even payment rings. The country’s businesses, by and large, have not. That is the gap Visa is now targeting, announcing the local launch of Visa Commercial Pay in partnership with First National Bank and Rand Merchant…
SpaceX on Monday announced a senior unsecured notes offering and disclosed about $100.8 billion in cash. Shares of SpaceX fell 11% and headed for a third consecutive losing session. The space and artificial intelligence company plans to use the proceeds to pay off bridge financing and other general purpose needs. The filing didn’t disclose how…
PARTNER CONTENT If you are wondering about where to sell your Walmart, Macy’s, or Nike gift cards for cash, your concerns are valid. Selling your gift cards for cash can really add some extra cool liquidity to your pocket. However, getting the right platform to do this is now more important than ever with the…
Hotels, restaurants, bars, transport operators, and other service providers are gearing up to benefit from the return of the Basketball Africa League playoffs, set for May 22 to 31 at BK Arena. The playoffs will feature eight of the continent’s top teams that advanced from the Kalahari and Sahara Conferences. Business owners say the tournament…
Lulapay has partnered with leading cloud distributor Cloud on Demand to introduce integrated cash flow flexibility for ICT resellers and managed service providers across South Africa. Lulapay is a buy-now-pay-later (BNPL) offering powered by Lula. Through the partnership, qualifying Cloud on Demand partners will now have access to structured 30-day payment flexibility, helping them better…
South Africa’s telecommunications operators wants future spectrum auction proceeds reinvested in digital infrastructure, citing the heavy bill that operators continue to carry from 2022. The Association of Comms & Technology (ACT) – an industry body whose members include South Africa’s biggest network operators – wants money raised in the country’s next spectrum auction reinvested in…
An investigation uncovered weaknesses in ZADNA’s credit card section of the procurement policy. (Image source: 123RF) Communications minister Solly Malatsi’s department is initiating several actions to give full effect to the recommendations of an investigation report on alleged misconduct by the CEO of the .ZA Domain Name Authority (ZADNA). This, after the entity was again…
In this episode of ITWeb TV, Kitso Lemo, associate director at Boston Consulting Group, discusses how technology is reshaping payments in South Africa and the role of fintech innovation in driving financial inclusion. #Fintech #FinancialInclusion #DigitalPayments South Africa’s payments landscape is digitising rapidly, but cash remains deeply entrenched in the economy, accounting for over 50%…
A general view of the Google Midlothian Data Center where Texas Gov. Greg Abbott and Alphabet and Google CEO Sundar Pichai are scheduled to speak on Nov. 14, 2025 in Midlothian, Texas. Ron Jenkins | Getty Images Alphabet, Microsoft, Meta and Amazon are expected to spend nearly $700 billion combined this year to fuel their…
Netflix’s advertising business has reached a major turning point, more than doubling its revenue to $1.5 billion between 2024 and 2025. During the company’s most recent earnings call, co-CEO Greg Peters expressed high confidence in this trajectory, projecting that ad revenue will “roughly double again” in 2026 to reach approximately $3 billion. This rapid scaling…
