After Nedbank $93M deal, iKhokha “to run as per normal” says CEO
Nedbank, one of South Africa's biggest bank to acquire iKhoka for about R1.65 billion (over $93 million), but iKhokha will run as per normal.
When Nedbank, one of South Africa’s largest banks, announced that it had agreed to acquire iKhokha for about R1.65 billion (over $93 million) on August 13, the news was not just the price tag that drew attention; it was what the deal represented.
techcabal.com/2025/08/19/a...
21.08.2025 13:17 — 👍 0 🔁 0 💬 0 📌 0
South Africans don’t expect free banking; just honest banking fees
Bank fees in South Africa are a sore spot for millions of customers who want simple, honest and clear charges linked to banking actions
#Bankfees in #SouthAfrica are a sore spot for millions of customers. While users do not expect #banking to be free, most simply want clear, understandable charges that are tied to specific actions—not a maze of confusing, unexplained fees. techcabal.com/2025/07/07/s...
08.07.2025 03:21 — 👍 0 🔁 0 💬 0 📌 0
Bank Zero owners to get $5M and 12% stake in Lesaka deal
South Africa's Bank Zero owners to get R91M ($5.1M) and a 12% stake as part of an acquisition by Lesaka to push beyond fintech.
The shareholders of SA’s BankZeroSA are set to receive a 12% stake in Lesaka Technologies, worth about R1 billion, plus up to R91 million in cash, as part of a deal that will see Lesaka fully acquire the zero-fee digital bank. techcabal.com/2025/06/27/s...
27.06.2025 11:48 — 👍 0 🔁 0 💬 0 📌 0
Starlink in Zimbabwe: hype in cities, silence in rural areas
While Starlink is a game-changer in terms of reach and speed, cost remains a barrier as many rural users in Zimbabwe struggle to afford.
Starlink is increasingly popular in Zimbabwean cities; can local ISPs compete in rural areas?
While Starlink is a game-changer in terms of reach and speed, cost remains a barrier as many rural users in Zimbabwe struggle to afford.
techcabal.com/2025/06/26/s...
26.06.2025 23:00 — 👍 1 🔁 0 💬 0 📌 0
U.S. remittance tax plan threatens Africa’s foreign inflows
The Trump administration proposes charging a 5% fee on all remittance transfers sent abroad by anyone who is not a U.S citizen.
A proposed U.S. bill to impose a 5% tax on all outbound remittance transfers from non-citizens could divert as much as $2.8 billion from Sub-Saharan African economies in 2025, threatening one of the region’s most stable sources of foreign exchange.
techcabal.com/2025/05/20/u...
20.05.2025 18:22 — 👍 0 🔁 0 💬 0 📌 0
Spar enters South Africa’s mobile market with MTN-backed MVNO
Spar Group, the South African retail giant, has launched a mobile virtual network operator (MVNO), Spar Mobile.
Spar enters South Africa’s mobile market to offer prepaid voice, data, and SMS services, and shoppers can earn free mobile data by purchasing selected promotional items. The company claims this model could cut mobile costs for customers by up to 50%. techcabal.com/2025/05/13/s...
13.05.2025 13:37 — 👍 0 🔁 0 💬 0 📌 0
South African fintech startup SOLmate has doubled its active user base over the past year to about 100,000, driven by soaring demand for eWallet services and new partnerships that expand access to digital payments in underserved areas. techcabal.com/2025/05/02/s...
02.05.2025 12:32 — 👍 0 🔁 0 💬 0 📌 0
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