A major regulatory impasse has stalled SpaceX’s launch of Starlink satellite internet services in South Africa, jeopardizing a proposed R500 million investment designed to connect thousands of rural schools. Read: Anthropic files for historic Nasdaq IPO According to statements by US Ambassador to South Africa Leo Brent Bozell III, SpaceX CEO Elon Musk offered to…
Vodacom invests R500 million to improve digital inclusion in the Western Cape. Mobile telephony group Vodacom says it will spend more than R500 million in network infrastructure and digital inclusion in the Western Cape this financial year. In a statement, the JSE-listed group says it will focus on network expansion, modernisation and upgrades, energy-resilience projects…
Adam and Tim Strike, co-founders of Mission Mobile. Mission Mobile has secured R500 million in funding from South African investment holding company DN Invest (DNI), as the mobile technology start-up prepares to scale its work with mobile network operators (MNOs). The Johannesburg-based company says it secured the funding from DNI’s own resources and ring-fenced debt…
Wetility and Jaltech anticipate this deal will enable the deployment of solar energy to hundreds of thousands more homes and businesses. MultiChoice-backed solar-as-a-service provider Wetility has successfully secured a R500 million structured capital partnership with Jaltech, a funder of solar energy projects in South Africa. Wetility says the transaction marks a milestone in the company’s…
Aligning digital asset classification with onshore status could strengthen SA’s position in the fast-evolving digital finance space. South African crypto-currency players are calling for regulatory changes that will see digital currencies being declared onshore assets in the country. They note South Africa’s regulatory grey zone around digital currencies may be holding back significant investment potential….
