News

Engen Convoy Fund investment unlocks opportunities for DKN Transport

Road freight logistics solutions company DKN Transport will be able to expand its fleet size and create additional jobs thanks to an undisclosed, but…

Mobiz gets $4m US expansion boost

A collection of investors including Futuregrowth, Allan Grey E-Squared Ventures, Launch Africa and HAVAÍC participated in a pre-series A funding round that raised $4…

1kx leads $5m funding round for NFTfi expansion

Innovative NFT-based marketplace NFTfi has secured $5 million in a funding round supported by day one investor 1kx and attracted Ashton Kutcher’s Sound Ventures…

VoxCroft Analytics get big investment from Knife Capital

Open-source intelligence company, VoxCroft Analytics, raised close to $2 million in Series-A funding from Knife Capital. This investment will speed up expansion of US…

Recap: 2021 SAVCA Venture Capital Conference

The Southern African Venture Capital and Private Equity Association (SAVCA) represents about 170 members who manage more than R185 billion in assets and its…

Tencent leads $48m Ozow Series B funding round

Storied South African fintech company Ozow attracted TenCent, Endeavor Catalyst and Endeavor Harvest Fund in a series B funding round that totaled $48 million….

MultiChoice leads R62m AURA funding round

South Africa’s leading security and medical response marketplace AURA secured R62 million in a successful Series A funding round led by MultiChoice Group, Buffet…

JUMO raises $120m from Fidelity and Visa in bumper funding round

Fintech start-up JUMO has raised $120 million with Fidelity, Kingsway Capital and Visa among the biggest participants in its latest round of funding. This…

Renewable energy start-up SOLA gets on the grid early

SOLA Group has reached commercial operation providing solar energy to Amazon Web Services (AWS) three months earlier than expected. This will fulfil the commission…

AHi puts out call for entrepreneurs, business chambers to apply for annual awards

Western Cape business organisation AHi has called for entrepreneurs and business chambers to enter its annual awards competition. The organisation will present the awards…

Luno hits 9 million customers, adds a million in 4 months

Cryptocurrency exchange platform Luno has announced it has accumulated 9 million customers with a million added in just over four months. Founded by South…

South Africa featured in Global Startup Ecosystem Report

Startup Genome has published the 2021 Global Startup Ecosystem Report (GSER) which highlights South Africa’s regional startup ecosystems. The report offers insight into startups…

South African agri-fintech HelloChoice secures investment from Standard Bank

South African agri-fintech startup HelloChoice has finalised a major investment from Standard Bank following several partnerships. The 25% equity deal with the bank will…

Edtech Ambani wins R1million prize at MTN Business App of the Year Awards

Local language edtech Ambani Africa has walked away with multiple top honours at the 2021 MTN Business App of the Year Awards. The app…

Payment company Zip to acquire Johannesburg fintech Payflex

Australian payment company Zip has announced it will acquire South African Buy-Now Pay-Later (BNPL) fintech service PayFlex. The acquisition will see Zip grow the…

Startup partners with Telkom to launch translation platform for SA languages

Telkom has partnered with South African startup Enlabeler to launch an AI platform that translates speech into text and provides transcription services for local…

City of Cape Town calls for Women in Business programme applicants

The City of Cape Town and Cape Innovation & Technology Initiative (CiTi) has put out a call for female entrepreneurs to apply for the…

African global business services sector to grow to $19.8 billion by 2023 – research

A new report by market researcher Knowledge Executive shows Africa’s Global Business Services (GBS) is expected to grow to nearly $20 billion by 2023….

Fairwork Project puts out call for Pledge supporters

The Fairwork Project has called on South African companies to pledge their support for fair labour practices in the gig economy. Announced on 30…

Fintech Black Pay partners with Ithala Bank to fund KZN entrepreneurs, community

Fintech Black Pay and Durban-based Ithala SOC Limited have partnered to offer R250 million for township and rural development. The partnership will see the…

Youth Content Collective launches to connect young creatives with corporates

The Youth Employment Service (YES) has launched the Youth Content Collective (YCC), a platform that connects creative content creators with businesses. The collective was…

South Africa’s Orderin relaunches as delivery-as-a-service platform

South Africa’s first food delivery app, Orderin, has relaunched as a B2B delivery-as-a-service platform to help bring delivery capabilities to other companies in the…

Department of Trade and JP Morgan launch R340 million investment programme

The Department of Trade, Industry and Competition (dtic) and JP Morgan have launched a R340 million investment programme to support small businesses. Announced on…

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HUAWEI nova 9 smartphone and HUAWEI MateView GT monitor launch in South Africa

TCL QLED 4K C725 TV now available in South Africa: price and details

Join the OPPO family with these Black Friday smartphone deals [Sponsored]

Peugeot’s double-cab bakkie lands in South Africa

Land Rover introduces Defender with V8 engine to South Africa: Price and details

Road test: Renault Kiger 1.0 Turbo Intens