Xago, an innovative South African Fintech that focuses on an all-inclusive approach to moving money rapidly, has confirmed receipt of a substantial investment from Imvelo Ventures, a venture capital investment company founded by Capitec Bank and Empowerment Capital Investment Partners, and will continue to expand its cryptocurrency services and products into African markets for both businesses and individual clients. Co-founded...
Year: <span>2020</span>
Post
Post
FlySafair and Emirates Join Forces, the Partnership Links Three SA airports with Dubai
Emirates has entered into a partnership with FlySafair, South Africa’s largest domestic airline. The latest interline agreement allows Emirates passengers to connect with airports in Port Elizabeth, East London, and George. Travellers won’t have to book connecting flights separately. It also allows Emirates travellers the option of departing from FlySafair’s domestic points when returning to Dubai....
Post
Apple Reply to Privacy Concerns over Mac Software Security Process – Reports
Last week, a number of Mac users had trouble opening apps — a problem that seemed to be caused by an Apple security protocol responsible for checking that software comes from trusted sources. The slow-down prompted some to criticize Apple for collecting too much information about users’ activities; criticism which the company has now responded to with...
Post
MultiChoice Bought 20% Stake in Betking, Sports Betting Company
MultiChoice expanded its repertoire with an agreement to buy a 20% stake in Africa-focused sports-betting platform BetKing for as much as 1.8 billion rand, giving it access to a sector that’s emerged as a winner from lockdown restrictions that have encouraged homebound entertainment. “Sports betting is an interesting market that is aligned to our Pay-TV...
Post
ECB Will Adopt Digital Currency says President Christine Lagarde
European Central Bank President Christine Lagarde signaled that her institution could create a digital currency within years in what would be a dramatic change to the euro zone’s financial sector. “My hunch is that it will come,” Lagarde said Thursday during a virtual panel discussion hosted by the ECB. “If it’s cheaper, faster, more secure for the...
Post
Why the human element of digital transformation should be prioritised by Dumisani Moyo
Companies need to develop modern software applications that deliver exceptional customer and employee experiences in today’s increasingly interconnected world. From big data to artificial intelligence, companies across industries are leveraging new technologies to generate insights, engage customers and employees, and deliver better results. Digital transformation is at the heart of it, a human-centred effort; because...
Post
Billionaire and Mining Magnate Patrice Motsepe to Run for CAF Presidency
Patrice Motsepe owns Pretoria-based Mamelodi Sundowns, who have been among the top 10 clubs in Africa for some years and completed a South African treble last season. South African billionaire Patrice Motsepe will contest the Confederation of African Football presidency election next March, the South African Football Association (Safa) announced Monday. He owns Pretoria-based Mamelodi...
Post
Donald Trump is Likely to Host a Weekly Show on a Rightwing TV Station Newsmax
Newsmax Media Inc. is not actively looking to sell itself, the company’s chief executive officer Christopher Ruddy said in an interview with Variety, while acknowledging that the politically conservative news outlet has had expressions of interest from “investors, investment banks and strategic players.” Commenting on a Wall Street Journal report that private equity firm Hicks Equity Partners had held...
Post
FNB Customers Raise Concerns About their Credit Cards being Blocked with Notice
Numerous FNB customers are complaining that their credit cards have been blocked on Sunday without prior warning. Reports of the issue were widespread on Twitter and FNB’s Downdetector page, which saw a big spike in complaints from around 13:00. Customers reported that attempting to transact with their credit card would result in the payment being declined...
Post
DStv Launch New Decoder with Netflix Integration
DStv has launched its Explora Ultra decoder which includes a number of new features – including built-in access to Netflix and other streaming apps. The decoder will be available at participating retail stores from next week for a recommended retail price of R2,499 for the standalone device and R3,699 including installation, DStv said. Some of...