Lesaka Technologies to buy Bank Zero in R1.1-billion deal

Lesaka Technologies to buy Bank Zero in R1.1-billion deal

Lesaka Technologies has agreed to buy the digital bank chaired by former FNB CEO Michael Jordaan for R1.1-billion. Jordaan announced the acquisition in a post on social media late on Thursday evening. “So Lesaka Technologies Inc bought @BankZeroSA for R1.1-billion. Lot of regulatory approvals still needed, but both teams are excited about the merger synergies,”…

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Vodacom-Maziv deal would hurt competition in SA, says tribunal

Vodacom-Maziv deal would hurt competition in SA, says tribunal

The merger would have united SA’s largest mobile network operator with a key player in fibre infrastructure. The Competition Tribunal has concluded that the proposed R14 billion merger between Vodacom and Maziv “cannot be justified on substantial public interest grounds”. Yesterday, the competition watchdog provided the public version of the reasons why it prohibited the…

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Juwi, JA Solar ink deal for large-scale solar projects

Juwi, JA Solar ink deal for large-scale solar projects

Juwi’s Prieska solar plant, with 86MW capacity. International firm Juwi Renewable Energies today announced it has signed two solar module supply agreements with JA Solar, an African solar module supplier. According to Juwi, the deal is for 420 000 solar panels for two large-scale projects totalling 220 megawatts (MW), currently being executed for key industrial…

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Yellow Card, Visa in deal to hasten stablecoin uptake in Africa

Yellow Card, Visa in deal to hasten stablecoin uptake in Africa

Yellow Card Financial and Visa have signed a deal to promote the use of stablecoins for cross-border payments in emerging markets where the cryptocurrency exchange operates. The two will explore opportunities to streamline treasury operations, enhance liquidity management, and enable faster and more cost-effective transfers, according to Yellow Card co-founder and CEO Chris Maurice. “Visa…

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