SA’s Crypto Exchanges, Brokers Must Register as Financial Services Providers

South Africa’s financial regulators have published a draft declaration of crypto assets as a financial product under the Financial Advisory and Intermediary Services Act...
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Naspers Takes a R1.9 Billion Bet on India’s Social Commerce Startup

Meesho, a Bangalore-based social commerce startup, announced today the closing of a $125 million (R1.9 billion) fundraise led by Naspers, with participation from Facebook...

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Prosus’ PayU Spend R15.8 Billion in FinTech Acquisition Trail

PayU, the payments and FinTech business of Prosus, has invested a staggering $1 billion (R15.8 billion) on FinTech and mergers & acquisitions (M&A) globally...

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...