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BUSINESS

BUSINESS

uKheshe nominated in the 2019 Global Fintech Hackercelerator competition

uKheshe nominated in the 2019 Global Fintech Hackercelerator competition

The initiative, launched by the South African Reserve Bank (SARB) and powered by fintech/bank matchmaking platform, KPMG Matchi, is a fintech acceleration programme that creates a platform for firms to demonstrate their innovative solutions to complex financial challenges in the Southern African region. Launched in November 2018, the uKheshe card enables consumers to make and […]

Banking strike put on hold by Court

Banking strike put on hold by Court

Judge Hilary Rabkin-Naicker granted an interdict against the strike on Thursday and will give reasons at a later date.  The judgment follows an urgent application by Business Unity South Africa (Busa) to stop a planned “total shutdown” in the banking sector planned for Friday by finance union Sasbo and trade union federation Cosatu, to protest […]

Stupidity, opulence led to the arrest of Sam Holding’s boss

Stupidity, opulence led to the arrest of Sam Holding’s boss

The flamboyant Zimbabwe born was arrested this week in Witbank for amongst others- fraud, corruption, contravention of the Immigration Act as well as possession of unlicensed firearm and ammunition. So serious are the allegations Hawks met with a senior official from the department of home affairs to obtain a statement which details how Chabalala obtained […]

uKheshe is now ‘cashing’ it in

uKheshe is now ‘cashing’ it in

Initially under incubation as a CSI initiative within software development house Jini.Guru, uKheshe has successfully closed independent seed funding with both Fitech Ventures and the Ocean on 76 Group. Clayton Hayward, co-founder of uKheshe, says that financial inclusion remains the overriding imperative of the service: “Having access to a transaction account is the first step towards broader financial inclusion. […]

Pimville born and AGCS CEO honoured by peers for his tireless efforts to improve Maths & Science

Pimville born and AGCS CEO honoured by peers for his tireless efforts to improve Maths & Science

The Pimville-Soweto born Thusang Mahlangu has been honoured with Future Leader award by a non-profit organization, the Broad Pool of Ideas (BPI) Foundation, at the Iconic Leadership Excellence Awards held at Midrand in August, recently. Through Thusang, AGCS Africa has strengthened the impact it makes within its community with a focus on youth and education. […]

SAB close to 100% sourcing of raw materials from locals

SAB close to 100% sourcing of raw materials from locals

This has been instrumental in the business achievement of a Level 3 B-BBEE status, up from Level 4 which it hovered at for a number of years. “We are proud to source just over 97% of all of our raw materials, including barley, hops and maize from local suppliers, many of which are emerging black […]

Moyo and Manual’s bickering a costly affair at Old Mutual

Moyo and Manual’s bickering a costly affair at Old Mutual

This week the fraught Moyo was reinstated back as interim CEO by the South Gauteng High Court but his employers are having none of it, and instructed should NOT set his foot inside the multi-billion rand building in Sandton, citing its appealing the court ruling. Moyo’s lawyer Eric Mabuza disagreed: “An application for leave to […]

Unemployment reaches scary levels

Unemployment reaches scary levels

Although this is shocking, it is not unexpected. We continue doing all the wrong things; how can we expect any other result? Doing the same thing but expecting a different result, is Einstein’s definition of insanity. South Africa’s unemployment crisis is not a reflection of what is happening elsewhere, not even in Africa. Our unemployment […]

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