Araxi chief executive Bradley Sacks. JSE-listed fintech firm Araxi, formerly known as Capital Appreciation, has announced its shareholders voted and overwhelmingly approved its acquisition of 80% of the shares in the Pay@ Group. Araxi also said the competition authorities recently approved the transaction, which is expected to close during May. Pay@ is a payment aggregator…
South Africa’s Competition Commission has approved the R1 billion acquisition of major payment platform Pay@ by the fintech group Araxi. The transaction, facilitated through Araxi’s African Resonance subsidiary, involves the acquisition of Pay@ and its cross-border expansion arm, IPH, without conditions. The Commission determined that the deal is unlikely to substantially diminish competition in any…
An investigation by Global Witness has revealed that waste from a manganese mine in Ghana supplying a material critical to the latest EV technology is creating a toxic environment for local people, with its operators aware but doing little to stop it Meetings with more than 150 people living close to the giant manganese mine…
MTN group CEO and president Ralph Mupita earned almost R100 million last year. (Graphic by Nicola Mawson, with MTN images) Africa’s largest cellphone company, MTN, paid six executives R320 million in 2025, a 62% year-on-year gain across its top posts after it reversed its loss-making position in the year to December. In its recently released…
Mall expansion replaces Pick n Pay kiosks as GoTyme scales hybrid banking. Digital bank GoTyme, formerly TymeBank, is ramping up its expansion into shopping centres, as it accelerates its hybrid ‘phygital’ model built around setting up mall-based customer hubs. The move forms part of a strategic shift in how the ‘neo bank’ engages customers, positioning…
Absa Pay gives fintech firms and e-commerce platforms a safe, authenticated way to engage with the bank, says Absa. Cross Switch has collaborated with Absa to enable online merchants on its platform to offer their customers Absa Pay, a secure, bank-authenticated payment option. According to a statement, unlike traditional online payments, Absa Pay does not…
President Donald Trump on Friday directed the Department of Homeland Security to pay all of its employees amid a record-long shutdown at DHS that’s lasted nearly 50 days. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The presidential memo authorizes paychecks for more than 35,000 employees at places…
President Donald Trump said Thursday that he would soon sign an order to pay all employees of the Department of Homeland Security, which has been shut down for over 40 days. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In a lengthy Truth Social post, Trump said that…
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