Author: Tapiwa Matthew Mutisi

Zimbabwe’s state-owned telecommunications provider TelOne has unveiled TelOne Connect, a new product designed to maximize the company’s existing infrastructure and unlock new revenue streams. The launch marks a strategic move to modernize voice communication and expand accessibility in an increasingly digital era. TelOne currently serves over 500,000 landline customers, though…

Super Money, a new venture by Super Group, has announced the launch of ZAR Supercoin, an innovative stablecoin designed specifically for South Africa and the broader African market. Alongside the coin, Super Money is introducing a digital wallet, creating a comprehensive blockchain-based payment ecosystem aimed at transforming everyday transactions. The…

US retail giant Walmart is set to open its first branded store in South Africa this Saturday, 22 November, marking a significant milestone in its expansion strategy for the region. The inaugural store will be located at Clearwater Mall in Roodepoort, with additional locations, including Fourways Mall, confirmed for future…

South African electrotech innovator Plentify has successfully closed an oversubscribed Series-A funding round, bringing its total capital raised to date to nearly US$15 million (approximately R256 million). Plentify specializes in AI-powered hardware and software solutions that connect household appliances to cheaper, cleaner energy sources, helping consumers reduce costs while supporting…

The Competition Commission has granted approval for Lesaka Technologies to acquire Bank Zero, the app-only digital bank co-founded by former FNB CEO Michael Jordaan. The Commission recommended that the Competition Tribunal approve the transaction without conditions, signaling confidence that the deal will not negatively impact market competition. Under the proposed…

Shoprite has been steadily expanding its financial services capabilities in recent years—yes, Shoprite! The retail giant is now positioning itself to dominate peer-to-peer money transfers as a stepping stone toward a full-scale challenge to South Africa’s established banking sector. The retailer’s journey into financial services began in 1998 with the…

Telkom has delivered a robust performance in its interim results for the six months ended 30 September 2025, cementing its position as one of South Africa’s best-performing state-owned enterprises. The group’s revenue rose by 3.4% to R22.1 billion, driven primarily by strong growth in data services. Mobile data revenue surged…

The Japan International Cooperation Agency (JICA) has committed $50 million to Helios Investors V, a private equity fund managed by Helios Investment Partners. This investment underscores JICA’s ongoing efforts to support sustainable economic growth and private sector development across Africa. JICA’s participation comes alongside a consortium of prominent development finance…

Wahu Mobility’s story began with a simple yet powerful idea: converting traditional bicycles into electric-powered models to meet the growing demand for affordable, sustainable transportation across Africa. What started as a retrofit solution has evolved into a full-fledged mobility company that designs and assembles electric bicycles engineered specifically for Africa’s…

BFA Asset Management’s private credit vehicle, Kimbo Fund, has announced a strategic investment in FoodCare, an Angolan agri-food processing company poised for expansion in global markets. FoodCare specializes in processing 25 traditional African foods, including cassava, mufu, and mopane worms, catering to both local and international demand. Operating at a…

The first half of Ninety One’s 2026 financial year has started on a high note, with the investment powerhouse reporting record assets under management (AUM) of £152.1 billion (R3.42 trillion)—the highest in its history. Ninety One remains one of South Africa’s largest asset managers, second only to the state-owned Public…

London-based Jubilee Metals Group has received the green light from South Africa’s Competition Tribunal to proceed with the sale of its local chrome and platinum businesses. The tribunal issued a merger clearance certificate, granting unconditional approval for the transaction. In August 2025, Jubilee accepted a binding offer from One Chrome…

Global fintech powerhouse Revolut is gearing up for its entry into South Africa and has made a strategic leadership move to spearhead its ambitions. The company has appointed Gaby Magomola as Chairman of Revolut South Africa, signaling its intent to establish a strong foothold in one of Africa’s most competitive…

African eCommerce leader Jumia reported solid financial performance for the third quarter of 2025, even as it implemented workforce reductions and accelerated its adoption of Artificial Intelligence (AI) to streamline operations. Between December 31, 2024, and September 30, 2025, Jumia reduced its workforce by 7%, bringing total staff to 2,010…

MTN Group has achieved a major milestone, surpassing 300 million customers across its markets, while signaling a positive turnaround in Nigeria, its largest and most strategic market. In a quarterly update for the nine months ended September 2025, MTN CEO Ralph Mupita highlighted that the group delivered a robust performance,…

WeBuyCars has faced headwinds from the growing presence of value-driven Chinese automotive brands in South Africa. However, the company remains optimistic, viewing these developments as a catalyst for long-term growth opportunities. Despite market challenges, WeBuyCars continued its upward growth trajectory. Group revenue climbed 13.1% year-on-year, reaching R26.4 billion. Vehicle trading…

Amazon has officially rebranded its satellite broadband initiative, Project Kuiper, to Amazon Leo, signaling a stronger alignment with its core technology: low-Earth orbit (LEO) satellites. The announcement was made in a statement on Thursday. According to Amazon Leo CEO Rajeev Badyal, the name change emphasizes the network’s foundation: Amazon Leo…

Determining whether your phone’s battery woes stem from aging hardware or an overly demanding app can be frustrating. Google aims to make this easier with a new initiative announced on the Android Developers Blog. The company is rolling out a battery usage metric for app developers, designed to monitor and…

According to the Financial Times, Apple CEO Tim Cook may step down as early as next year, prompting the company’s board to actively develop a succession plan. Sources indicate that John Ternus, Apple’s Senior Vice President of Hardware Engineering, is currently viewed as the leading candidate to assume the role.…

Global financial technology leader Revolut has officially submitted its Section 12 application to the Prudential Authority of the South African Reserve Bank, marking the first formal step toward establishing a fully licensed bank in South Africa under the Banks Act. This milestone represents Revolut’s strategic entry into Africa and its…