News
South Africa: South Africa launches ‘bounce back’ finance scheme – how to apply
The National Treasury has announced the commencement of the Bounce Bank Support Scheme aimed at providing additional funding to qualifying businesses in order ...
South Africa
SA: Trace and the Mastercard Foundation launch Free Learning App to Reach 26 Million Young Africans
The free mobile app, Trace Academia, will feature course content and features developed by Trace and a coalition of leading corporations and organizations ...
News
South Africa: Pick n Pay and other stores are now replacing bank branches in South Africa
South Africa’s major banks are increasingly leveraging existing non-bank infrastructure to broaden their customer reach in an efficient and affordable way, a new ...
News
South Africa: DiDi Shuts Down Operations in South Africa
DiDi, a Chinese ride-hailing services company, announced on Monday that it is shutting down operations in South Africa. The ride-hailing giant has been ...
News
South Africa: Reserve Bank warns that Ukraine war poses risk to inflation
South Africa’s central bank warned that mounting price pressures stemming from the war in Ukraine risk de-anchoring inflation expectations as it announced the ...
News
South Africa: South Africa to get a state-owned bank
The department of communications and postal services is finalising plans to transition the Postbank into a full-service bank. Communications and Digital Technologies minister ...
News
South Africa looking at introducing ‘digital rand’
The South African Reserve Bank (SARB) is actively experimenting with digital currency and distributed-ledger technology, but this cannot be done in isolation from ...
South Africa
South Africa: South African Startup, SmartWage, raises $2 million in seed funding round
SmartWage, a South African innovative HR and communications technology startup, announced that it has raised $2 million in an oversubscribed seed funding round. ...
South Africa
South Africa: SA fintech startup Sticitt raises oversubscribed seed funding round
South African fintech startup Sticitt has secured an oversubscribed round of seed funding to help it continue to grow. Co-founded in January 2018 ...
News
South Africa: South Africa’s Absa Bank Appoints New CEO
South Africa’s Absa Bank Group has appointed Arrie Rautenbach as its new CEO effective immediately. Rautenbach had currently been serving as Absa’s head ...