SA’s FinTech Firm Ukheshe To Buy 100% of Oltio From Mastercard

Ukheshe, South Africa’s digital banking platform provider, announced on Friday it has agreed to buy 100% of Oltio from Mastercard for an undisclosed amount. Oltio...
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Council for Medical Schemes Chairperson Passes Away of COVID-19 Complications

The chairperson of the Council for Medical Schemes (CMS) Dr Clarence Mini has passed away from COVID-19 complications, the council body confirmed on Tuesday. "Today,...

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Bob van Dijk has R65 Billion in Cash. The Boss of Prosus is Hunting for Buys

There is no doubt that Bob van Dijk, the CEO of Prosus, wants to make a big acquisition. The Dutch arm of South African...

SA’s Largest Online Retailer Takealot.com Revenues Defy Pandemic

South Africa’s largest online retailer, Takealot.com, reported on Monday a 41% jump in revenue to $238 million (R3.7 billion) in the six-months to end 30...

Provisions Hit Pepkor’s FinTech Business Profit

Retailer Pepkor, previously Steinhoff Africa Retail, said on Monday operating profit in its financial technology (FinTech) services business dropped by 5.8% to R455 million in the...