South Africa
Economy

Google is making good on their $1billion investment in Africa, South Africa to host its first ever cloud region.

Google announced its plan to establish its first-ever cloud region in Africa in South Africa.  The announcement was made at the 2022 Google for Africa event as an example of how Google is delivering on the $1 bilion investment commitment made last year by the company’s CEO, Sundar Pichai. The new Cloud region will help users, developers, businesses […]

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Business News Technology

Pick n Pay, first sub-Saharan African retailer to migrate to AWS

Pick n Pay, a South African retailer, has moved its entire on-premises information technology (IT) infrastructure to Amazon Web Services (AWS). Pick n Pay collaborated with Lemongrass Consulting, an AWS Premier Consulting Partner, for the migration. The retailer stated in a press statement that it will use the AWS Marketplace and AWS’s wide range of […]

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Startups

Nigerian startup, Sabi, expands to South Africa

Sabi connects merchants — manufacturers, distributors, wholesalers, and retailers — to a larger marketplace and provides them with other useful products such as loans and inventory management. The company, founded in 2020 by Anu Adasolum — CEO and co-founder — and Ademola Adesina, has an office in Kenya’s informal market and has had its sights […]

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Technology Venture Capital

DataProphet raises $10 million to scale its AI-as-a-service offerings

DataProphet, a South African company founded by Frans Cronje and Daniel Schwartzkopff that offers AI-as-a-service software in the manufacturing sector, has completed its $10 million Series A round. Cronje, the company’s CEO, told TechCrunch during a call that DataProphet began focusing on providing end-to-end prescriptive AI for manufacturing plants to improve yield in 2017. The […]

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Business News Technology

Rain proposes an integration with Telkom but faces hurdles

Rain, a South African mobile data-only network, announced that it had made a formal request to the Telkom board of directors to present a proposal that would result in the merger of the two companies. According to Rain, the merger would create a formidable third major player to compete with South Africa’s leading mobile network […]

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Business News Technology

Tymebank announces its proposed acquisition of Retail Capital

TymeBank, a South African digital bank, has announced the proposed acquisition of Retail Capital. This fintech company provides funding to South African Small and Micro Enterprises (SMEs) for an unknown sum. The transaction is still subject to regulatory approval. Retail Capital funds SMEs through a three-step online application process. Over the previous ten years, the […]

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Business News Finance Technology

South Africa’s PayGate adds Samsung Pay as a payment method

PayGate, a subsidiary of South Africa’s DPO Group, has announced that it is now accepting Samsung Pay as an additional payment method for its merchants. Eran Feinstein, CEO of DPO Group, commented on the news, saying that Samsung Pay offers a more frictionless payment journey by eliminating the need for users to browse through their […]

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