Author: Staff Writer

MTN Uganda is pleased to announce our intention to proceed with an initial public offer (IPO) and subsequently list on the Uganda Securities Exchange (USE).  This follows the requisite approval by the Capital Markets Authority and Uganda Securities Exchange for MTN Group to sell 20% of its shareholding in MTN Uganda to the public. MTN Group owns 96% of MTN Uganda. The listing is in line with the Group’s strategic priority to create shared value, partly through ensuring broad-based ownership in its operating subsidiaries. It is also in line with the provisions of MTN Uganda’s NTO licence, which require its…

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TymeBank, one of the world’s fastest-growing digital banks, announced it has entered into a strategic partnership with leading retail giant TFG (The Foschini Group) that will see the introduction of TymeBank financial products and services both instore and on digital platforms for the benefit of TFG’s more than 26 million customers in South Africa. The partnership is expected to deliver the following customer benefits: TFG customers will benefit from TymeBank’s ‘Buy Now Pay Later’ product MoreTyme™, providing an alternative payment option which is interest free over a three-month period Over 600 TFG / TymeBank branded kiosks will be located in…

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The commercial property leasing industry is set for a shakeup. For the first time in South Africa, tenants will have the ability to bid for prime office space via AuctionInc’s online auction platform. A derivative of this concept was recently successfully used in the United States and Europe to fill large vacancies in prominent office buildings. The need for a new way of concluding leasing transactions in a stubborn leasing environment served as the catalyst for this innovative concept locally. The South African leasing market finds itself in a difficult position due to an oversupply of office space and flagging…

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The musical life of Moses Molelekwa was one full of promise and unmatched genius. He changed the face of jazz and brought it to his young generation. He affected the kwaito genre in ways that no one artist has done to any other genre of music in South Africa. When he passed away – at the fine young age of 27 – Molelekwa was only beginning his grand musical journey. Following his first book – Sankomota: An Ode in One Album, Phehello J Mofokeng has now written and published the first book on Moses Molelekwa, that towering yet young genius…

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Ula, a B2B ecommerce marketplace in Indonesia, has raised $87 million or R1.3 billion in a Series B funding round co-led by Prosus Ventures, Tencent and B-Capital. The trio is joined by Amazon founder Jeff Bezos’s Bezos Expeditions, and leading Southeast Asian funds Northstar group, AC Ventures and Citius. Existing investors Lightspeed India, Sequoia Capital India, Quona Capital and Alter Global also participated in the round. The company has also brought in Pandu Sjahrir, a seasoned investor and entrepreneur, as an advisor to Ula. In the technology-enabled world, the local mom-and-pop store is no longer “just a store”, but rather…

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Industry 4.0 solution business Stone Three secured expansion capital from venture capital firm Knife Capital to further enhance its enterprise product offerings and accelerate growth by putting the future of work in practice. Stone Three combines expert services with the power of machine learning to solve problems that increase operational productivity and keep people safer, healthier and happier. These end-to-end solutions for AI-augmented digital productivity, health and workplace safety include software offerings that scale at the enterprise level, contain advanced machine learning, video analytics, healthcare technologies and deep domain knowledge. Stone Three has been self-funded to date by operations and…

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“Revix, the Cape Town-based investment platform backed by JSE Listed Sabvest, partnered with Mazars, a leading global audit, tax and accounting partner, to independently verify that it securely holds all of its customers’ cryptocurrencies. The Crypto Custody report released by Mazars on Friday the 1st of October 2021 makes Revix the first crypto service provider in South Africa to independently verify that it holds all of its customers’ cryptocurrencies. The Crypto Custody report can be downloaded from the Revix website – www.revix.com – and aims to bring trust and transparency to the cryptocurrency industry where regulators have been slow to…

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The overwhelming majority of South Africans access the Internet using mobile devices and thus the cost of mobile data has a real impact on quality of life.   In a data-dependent future, affordable communication costs are vital to improving quality of life. The Independent Communications Authority of South Africa (ICASA) will shortly publish regulations designed to increase competition in the provision of mobile broadband services.   ICASA held virtual hearings recently to enable the public to comment on its draft Mobile Broadband Services Regulations that, amongst other things, define wholesale and retail markets for the provision of mobile broadband services. The…

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JSE-listed Altron has announced the sale of its Altron People Solutions business, which was held for sale for the past year. Altron People Solutions’ Business Process Outsourcing (BPO) and Customer Experience Technology (CXTech) business has been acquired by iSON Xperiences, a global organisation with headquarters in Dubai which is looking to expand their African footprint. The Learning Solutions part of the business was acquired by South African management consultancy LRMG. A decision was taken to split the business and sell it to two buyers, both of whom are ideally positioned to provide exciting new growth opportunities in an environment where…

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If you’re in the market for a smartphone that sits in the sweet spot between beautiful aesthetics, powerful performance and affordability, look no further than the HUAWEI nova 8i, now available in stores and online. The latest member of Huawei’s nova range, the HUAWEI nova 8i offers some of the best features for a smartphone in its price bracket and is especially well suited to young and dynamic tech users who have high expectations of their devices. Sleek and stylish The HUAWEI nova Series has always been aimed at a younger market, and this means that looks matter. As a…

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