Cell C has had sustainability challenges since entering the market in 2001, and struggled to match investments by its closest rivals.
South African proptech startup, Neighbourgood has acquired Local Knowledge, a Cape Town-based traveltech startup in a cash and equity deal worth $1.5 million.
Amazon has launched the first AWS Skills Centre based outside of the US, in South Africa, to deliver free training for learners in the region.
Tyme, a global digital bank and the parent of South Africa's TymeBank has secured $77.8 million from Norrsken22 and Blue Earth Capital, as part of its pre-Series C capital raise.
South Africa-based Peach Payments has secured a $31 million Series A to accelerate its expansion across new African markets.
In 2022, South Africans spent more time on the internet compared to the rest of the world. With the increased load shedding, its internet usage might be affected this year.
Financial gateway service provider, PAYM8, in partnership with WIZZIT, has introduced its Tap-on-Phone SoftPOS solution in South Africa, to offer an alternative to traditional point-of-sale devices.