224 Absa Group’s IT spend for the six months to 30 June reached R8.2-billion, a 5% year-on-year increase from the same period in 2024, as it ramped up spending on security and…
Category: Business
Former RAF CEO Collins Letsoalo refers a dispute with the fund to the CCMA
208 It is believed the dispute relates to Letsoalo’s expectation of the renewal of his contract at the RAF. Former Road Accident Fund (RAF) CEO Collins Letsoalo has referred a dispute with…
Standard Bank raises alarm over AI-driven fraud
356 Standard Bank has warned its clients of a rise of “spoofing” scams in recent months, where fraudsters use AI-generated voices and e-mails to impersonate bank officials. “These scams are increasingly difficult…
MTN’s Mupita backs Vodacom-Maziv fibre deal
223 MTN Group CEO Ralph Mupita MTN Group CEO Ralph Mupita has described the competition appeal court’s decision last week to approve the sale of a co-controlling stake in fibre operator Maziv…
Ferdi Moolman is new CEO of MTN South Africa
283 Incoming MTN South Africa CEO Ferdi Moolman Charles Molapisi is stepping down as CEO of MTN South Africa, and is being replaced in the role by Ferdi Moolman, who was a…
Five practical ways SMEs can cut delivery costs
209 If delivery costs are not properly managed, they can drain cash flow, create bottlenecks and ultimately cost customers. It is important for small and medium enterprises (SMEs) to find ways to…
Unemployment increases again as economy sheds 140 000 jobs
175While economic growth is not picking up, unemployment does. The official unemployment rate increased again in the second quarter to 33.2% from 32.9% in the first quarter, with only 16.8 million people…
Biometrics take centre stage in fight against Sim-swap fraud
205 Stricter and more widespread use of biometric authentication by mobile operators could help reduce the growing Sim-swap fraud menace in South Africa, according to the Communications Risk Information Centre (Comric). Comric…
Mining production improves, but challenges loom
231 Near-term mining activity is likely to remain under pressure due to soft external demand and persistent global uncertainty stemming from heightened trade tensions. Mining production improved by 2.4% year-on-year in June,…
Three houses bought in Guptas’ Saxonwold compound at massive discount
203 In total, the buyer bought four properties for more than R41 million. Park Village Auctions has confirmed that one buyer has purchased three of the Guptas’ properties in Saxonwold Drive for…