MTN Increases Stake in Mobile Micro-Insurance Firm aYo

MTN, Africa’s largest mobile phone group, has increased its shareholding in mobile-micro-insurance firm aYo through acquisition of additional shares. In 2017, South Africa’s third-biggest insurer Momentum...
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SA’s Netstar Opens Office in Malaysia and Targets Expansion into Indonesia

Netstar, a subsidiary of JSE-listed technology company Altron, has set up an office in Malaysia and is exploring expansion opportunities in Indonesia. The company pioneered...

Car Subscription Startup Planet42 Raises R152 Million To Scale Up in South Africa

Planet42, an Estonian car subscription company that helps individuals ignored by banks to get access to a personal vehicle, has announced a $10 million...

African Micro-Insurer aYo Breaks 10 Million Mark, Targets Expansion

African micro-insurance FinTech aYo Holdings has broken through the 10 million customer mark in under four years after starting operations. aYo's new CEO Marius Botha...

Media24 To Buy Out Welkom Yizani Investors and Delist The Empowerment Scheme

Media group Media24 announced on Thursday plans to buy out all shareholders of Welkom Yizani, its black economic empowerment share scheme.  The media group is...

Telkom Launches A WhatsApp-Based Digital Wallet, Telkom Pay

Telkom today announced the launch of a digital wallet officially dubbed Telkom Pay Digital Wallet or Telkom Pay. The company said Telkom Pay allows users...

Stay Connected With Vodacom’s Plug-And-Play Home Internet

This year has been unlike any we have experienced before, as we have had to adapt our routines and habits, and adjust to a...

Ethos Private Equity Sells 1.4% Stake In FinTech Player Channel VAS for R77 Million

South Africa’s private equity firm Ethos announced on Wednesday that it has sold its 1.4% stake in FinTech player Channel VAS. The company said it...

SA FinTech Ozow Processed R1 Billion In Transactions Boosted By Black Friday

Digital payments FinTech Ozow says it processed in excess of R1 billion in transactions in a month, for the first time in November 2020....

Capital Appreciation Reports Strong Results Boosted By Electronic Payments

South African FinTech group Capital Appreciation Limited (Capprec) today delivered strong growth for the six months ended 30 September 2020 boosted by ongoing acceleration...

Must Read

Absa Finance Director Jason Quinn Named CFO of the Year 2020

Jason Quinn, the group finance director at Absa, has been named South Africa’s CFO of the Year at the 2020 CFO Awards. This was announced...

Avon Pledge Funds To Fight Gender-Based Violence

As South Africa joins the global community in commemorating 16 Days of Activism for No Violence Against Women and Children, Avon Justine has amplified...

Africa’s Accelerating FinTech Revolution

By Greg Nott and Tristan Marot Africa is a unique continent. From its diverse cultures and languages, to its extremes in wealth and development -...