SARB leaves interest rate unchanged The Reserve Bank’s monetary policy committee has kept interest rates unchanged, with the prime rate staying at 7%. In September, governor Lesetja Kganyago said the Reserve Bank’s models do not make provision for further cuts in the near term. Instead there are two rate increases on the horizon, in the third and...
Day: <span>20 November 2020</span>
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African Fintech Startup Chipper Cash Raises $30M Backed by Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The company offers mobile-based, no fee, P2P payment services in seven countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda,...
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DStv Launches New Concept Store in Mall of the North, Polokwane
DStv, the broadcast satellite service of MultiChoice, has launched its new Customer Experience Centre in the Mall of the North, Polokwane. The concept store occupies 669 square metres over two floors – merging ‘the best of digital and physical shopping experience’. Customers can access a variety of services including purchasing decoders, testing devices, activating services,...
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Former 1st Lady Michelle Obama writes an Open Letter to President Trump to Step Down
his week, I’ve been reflecting a lot on where I was four years ago. Hillary Clinton had just been dealt a tough loss by a far closer margin than the one we’ve seen this year. I was hurt and disappointed—but the votes had been counted and Donald Trump had won. The American people had spoken....
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Apple Promised to Cut App Store Commissions by half to 15%
Apple said Wednesday it will cut its App Store commission rate to 15% for software developers with less than $1 million in annual net sales on its platform. Apple currently takes a 30% commission from the total price of paid apps and in-app purchases from the App Store. For some small app makers, the new policy...