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Press Releases

VodaPay launches new Deposit and Send Money services on the super app

Two new Deposit and Send Money services have been added to the VodaPay super app. The innovation is the latest step in Vodacom Financial and Digital Lifestyle Services quest to make financial inclusion a reality for all South Africans. 

“VodaPay’s new Deposit and Send Money services support our intention to accelerate digital and financial inclusion. Both banked and unbanked users can deposit and/or send money from their VodaPay Wallet, securely, cost-effectively and instantly. By building broader, more convenient offerings onto VodaPay, such as deposit and cash-out networks, we aim to enable more people to use and benefit from digital financial services,” says Mariam Cassim, Chief Executive Officer of Vodacom Financial and Digital Lifestyle Services. 

The new Mercedes-Benz GLC luxury lifestyle SUV: South African line-up announcement
  • The new GLC is the most dynamic model in the luxury lifestyle SUV family from Mercedes-Benz
  • GLC is characterised by a dynamic and bold appearance, luxury appeal, the latest in digitalisation, and efficient and sporty driving performance
  • The initial South African range will consist of GLC 220 d, GLC 300 d and GLC 300, all enhanced by mild-hybrid technology

The new Mercedes-Benz GLC is even more dynamic, powerful and sustainable. Locally available with an innovative mild-hybrid system with 48-volt technology and an integrated starter-generator, the brand-new model sets heightened standards for driving enjoyment, efficiency, advanced design and a luxurious, practical cabin.

Business Partners Limited launches new energy fund to address the pressing need for small businesses to invest in alternative energy solutions

According to data published by the South African Reserve Bank, the accumulative loss of stage 6 loadshedding amounts to between R204 million to R900 million per day. A proportion of these losses are incurred by the thousands of small businesses who simply do not have the resources to install back-up sources of energy to continue operations during power cuts. In a bid to provide business owners with much-needed relief and finance to invest in viable alternatives, Business Partners Limited launched a R400 million Energy Fund for small- to medium-sized enterprises (SMEs) on 20 April 2023.

Mastercard and SCTIE partner to boost local tourism and investment in South Africa

Under the MoU, the South Coast Tourism and Investment Enterprise (SCTIE) and Mastercard will provide short-and long-term digital solutions for Small and Medium Enterprises (SMEs) in the tourism sector.

In an innovative collaboration for the KwaZulu-Natal South Coast, Mastercard and South Coast Tourism and Investment Enterprise (SCTIE) signed a Memorandum of Understanding (MOU), a partnership that will offer significant business-related benefits to informal traders and Small Medium Enterprises (SMEs) within the KZN South Coast. The partnership was solidified by an SME engagement with the local business community, which was held at Margate Hotel.  

Nedbank highlights the power of technology for small businesses

Article written by Alan Shannon (Executive for Small Business Services and Private Clients - Nedbank)

For many small businesses, one of the obstacles to implementing new technology is a mindset that resists change. Many employees see technology as a threat to their jobs when, in fact, it can enable them to do their work even better, especially those who want to succeed in a rapidly evolving digital economy.

Significant potential for growth within small businesses lies within using online financial tools and platforms such as e-commerce to their advantage. The exciting reality is that there are millions of potential customers on e-commerce sites, which takes products and services far beyond their current brick-and-mortar structure.

Google to release its own chatbot in 2023

The search engine giant, Google, is jumping in on the explosion of AI-enabled text with the announcement that it is entering the AI race, with plans to release its own chatbot this year.

It’s been hard to ignore the news about artificial intelligence (AI) in recent weeks. The advancement of AI-driven copywriting and image creators has made a splash in both business and popular culture, quickly putting us on the cusp of a new digital era.

Women entrepreneurship on the steady rise in SA but access to funding is still lagging

The South African Women Entrepreneurs Job Creators Survey found that women gravitate towards industries whose development supports job creation. The financial inclusion of women entrepreneurs as active contributors to the South African economy is therefore one of the most important building blocks of a more equitable and economically active society. Collective and systematic efforts towards making this vision a reality is beginning to produce promising results, with more South African women becoming business owners.

Payfast rebrand brings PayGate and SiD under one roof 

South Africa’s leading payment gateway provider Payfast has undergone a major rebrand. Having joined forces with PayGate and SiD under Network International, the company has created a new home for its consolidated offering. With a renewed focus on enabling growth – for the brand, its merchants, and the broader ecommerce industry – this milestone represents a new era in the payments industry.  

“By combining the capabilities of three of South Africa’s biggest ecommerce players under one powerful entity, we have strengthened our ability to deliver on our promise to partners – which is to do everything we can to unleash their growth potential. We’ve created an environment where some of the industry’s top minds can share ideas and work together towards innovation in the payments sector,” says Brendon Williamson, Managing Director at Payfast. 

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