Tech Financials News Today

Whispers in financial circles in the Sandton hub suggest billionaire business mogul Patrice Motsepe is involved in the possible Canal+ takeover of MultiChoice, the owner of DStv, Africa’s largest pay-television operator.

Should the hard-earned money of pensioners, teachers, police officers and other government employees remain locked in shares at MultiChoice?

Despite its continuing dominance of the South African online retail market, Naspers-owned Takealot has seen its Growth Merchandise Value (GMV) growth plummet from 72% in 2021 to 15% in 2022.

An uplifting recent story of African entrepreneurial success comes from South Africa where Lipa Payments, a local fintech start-up, has secured a R10 million (just under US$660,000) investment from Empowerment Capital’s Imvelo Ventures, which is backed by Capitec Bank.

An uplifting recent story of African entrepreneurial success comes from South Africa where Lipa Payments, a local fintech start-up, has secured a R10 million (just under US$660,000) investment from Empowerment Capital’s Imvelo Ventures, which is backed by Capitec Bank.