Endeavor SA closes R230m fund for SA tech SMEs

Endeavor SA closes R230m fund for SA tech SMEs

The fund leverages Endeavor’s global network to provide portfolio companies with mentorship, talent, strategic guidance and market access. Endeavor South Africa has closed its Harvest Fund III at R230 million, aiming to accelerate growth, job creation and exits in the country’s high-growth technology sector. According to a statement, the fund brings together entrepreneurs and institutional…

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Parly comms chair questions Dell’s R230m EEIP deal

Parly comms chair questions Dell’s R230m EEIP deal

Khusela Sangoni-Diko, chairperson of the Portfolio Committee on Communications and Digital Technologies. (Photograph by Lesley Moyo) Khusela Sangoni-Diko, chairperson of the Portfolio Committee on Communications and Digital Technologies, has written to communications and digital technologies minister Solly Malatsi, seeking detailed clarity on the recommendation to approve Dell Technologies’ Equity Equivalent Investment Programme (EEIP) renewal for…

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Discovery Bank turns R145m loss into R230m profit

Discovery Bank turns R145m loss into R230m profit

Discovery Bank was launched in 2019 as SA’s first fully digital, wellness‑linked bank, part of the Discovery Limited ecosystem. Discovery Bank is accelerating client acquisition in South Africa, as it deepens its footprint in an increasingly competitive retail banking market. This emerged when parent company insurer Discovery yesterday published its operational update and trading statement…

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