From left: Stephen Britto, CFO and Kosta Scholiadis, founder and CEO of Street Wallet. Cape Town-based fintech start-up Street Wallet has raised R6.2 million ($350 000), at a valuation of over R34 million ($2 million), to accelerate its mission of bringing SA’s street vendors and SMEs into the digital economy. This is according to Kosta…
Parliament has urged transport minister Barbara Creecy to kick off the policymaking process that would pave the way for government to issue digital driving licences. Speaking to TechCentral in an interview on Tuesday, Democratic Alliance MP Rikus Badenhorst, chairman of parliament’s select committee on infrastructure, said a digital driving licence card could help the transport…
Absa’s Johnson Idesoh and AWS’s Tanuja Randery put pen to paper to further entrench digital service delivery through cloud migration. Absa Group has announced a strategic partnership with Amazon Web Services (AWS) to accelerate its migration to cloud as part of its continuous digital transformation journey. The companies established an alliance in 2015 and, according…
Evan Robinson, technical co-founder and now head of product at TaxTim. TaxTim, a South African-based digital tax assistant, has been acquired by a private consortium, led by Twofold Capital, for an undisclosed amount. The consortium, which includes Stellenbosch-based technology group Octoco, provided a successful exit for TaxTim’s non-operational shareholders and a partial exit for co-founder…
PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc – previously BankServAfrica – be approved without conditions attached. The move radically changes the ownership structure of PayInc, the developer and manager of rapid…
It’s time to bridge the skills gap. South Africa is facing a youth unemployment crisis, with 63.9% of young people (ages 15-24) jobless (StatsSA, 2023). While many blame a sluggish economy, the real issue runs deeper – a massive mismatch between the skills young people have and those employers need. A 2023 report by the…
Instant payment systems promote transactions for everybody, without the confines of traditional bank accounts. Interoperability between mobile money and traditional bank accounts will serve as a key lever for financial inclusion for the millions of Africans excluded from payment systems. This can be further enhanced by regulatory harmonisation efforts at a regional level. These were…
Abuja — The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has urged African countries to adopt Artificial Intelligence (AI), or risk been left behind in digital development. The minister stated this on Monday in Abuja at the 2025 Gulf Information Technology Exhibition (GITEX) with the theme: “Building Continental Digital Foundations for Equitable…
Digital platforms have become the essential infrastructure of modern life. They power everything from our group chats to businesses, shopping, election campaigns and emergency coordination. They instantly connect us and continuously feed us information. Yet, although they broker information everywhere, the power of digital platforms remains largely invisible. They control content and harvest information from…
Jason Lane-Sellers, director of fraud and identity (EMEA) at LexisNexis Risk Solutions. SA’s youthful population and the rapid adoption of mobile payments is making it a prime target for financial crime, particularly the use of ‘money mules’ to move stolen funds, experts warn. Jason Lane-Sellers, director of fraud and identity (EMEA) at LexisNexis Risk Solutions,…
