134 The rate of banking sector-related contact crimes such as branch-before-deposit and ATM-after-withdrawal robberies are in sharp decline as criminals find higher rates of success through digital means to defraud people. According…
Category: Business
Capitec Bank loses its crown as Africa’s most valuable bank. Here’s the new ranking
125 Last week, Capitec’s market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank. Capitec Bank, established in 2001 and listed on the Johannesburg Stock Exchange (JSE) in 2002, dethroned…
Tech loopholes fuel vehicle theft surge in South Africa
177 Advancements in wireless technology have made it possible for vehicle owners to access and start their cars without having to insert a physical key into the door or ignition cylinder. However,…
Nedbank enters South Africa’s mobile market
154 Nedbank is the latest non-telecommunication brand to enter the mobile market, launching an MVNO – or mobile virtual network operator. Nedbank Connect has partnered with MTN South Africa to provide the…
Prominent SA businessman Lazarus Zim sued for over R123m
105 A former stockbroker lodged the claim, relating to a BEE transaction involving JSE-listed Northam Platinum. Prominent South African businessman Lazarus Zim has been summonsed by a former stockbroker to pay him…
The South African bank racing ahead of its peers in IT spending growth
150 Most of South Africa’s five largest banks are increasing their spend on IT – excluding staff costs – in single-digit percentages, their most recent full-year financial results show. However, Capitec –…
Nersa approves cheaper electricity for Amsa
147But Eskom warns other consumers will pay for it. The energy regulator Nersa, at its meeting on Thursday 28 August, approved an application from ArcelorMittal South Africa (Amsa) for relief regarding the…
Cell C listing plan gains momentum
142 Cell C’s largest shareholder, Blue Label Telecoms, on Monday announced that an agreement has been reached on a major restructuring involving the mobile operator ahead of its likely (but still not…
R54-billion Eskom tariff shock exposes absurdity of electricity regulation
167 The author, Business Leadership South Africa CEO Busi Mavuso There is surely no greater sign of the urgent need for reform of the electricity sector than the way Eskom’s electricity tariffs…
The most overhyped but underwhelming product in history
165 In the heady last years of the 20th century, when inflation was low, interest rates were modest and employment levels high, the term “new economy” took on a whole new meaning….