326 PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc…
Category: Business
Absa turns to AWS in expanded cloud banking push
267 Banking group Absa and cloud services giant Amazon Web Services have announced an expansion of their commercial relationship that will see AWS become Absa’s “preferred cloud partner”. According to a statement…
Why B20 matters for South Africa’s economy – roadmap for economic growth
208 The B20 recommendations can be used as a road map to steer South Africa towards economic growth that will provide more jobs. South Africans are hearing a lot of talk about…
DA calls for creation of independent Cyber Commission
238 The DA’s Glynnis Breytenbach The Democratic Alliance has called for an independent Cyber Commission to be established to strengthen cybersecurity as more South Africans fall victim to banking cyberattacks. DA justice…
Critical internet arteries severed in the Red Sea – again
262 Internet connectivity in multiple countries in Asia and the Middle East has been affected by subsea cable outages in the Red Sea, according to internet monitoring group Netblocks. Reuters reported on…
Artificial diamonds threaten South Africa’s mining sector
200 While Mantashe did not indicate any plans to curb the rise of artificial diamonds, he emphasised that real diamonds are forever and remain a form of investment. Mineral Resources and Energy…
Twofold Capital leads buyout of SA tax tech pioneer TaxTim
332 Digital tax assistant TaxTim has been acquired by a private consortium led by Twofold Capital. Terms of the deal were not disclosed. It said in a statement on Monday that the…
Mupita: LEO satellites here to stay – but rules must keep up
274 MTN Group CEO Ralph Mupita MTN Group CEO Ralph Mupita said on Friday that low-Earth orbit satellites are becoming an integral part of modern connectivity and are here stay. However, he…
Dealers, consumers edge closer to insights on accident-damaged vehicles
261 Kredo Mobility offers dealers access to vehicle accident and salvage data, with plans to widen access and datasets in future. There has been a partial breakthrough in the drive to improve…
Altvest to change its name to The Africa Bitcoin Corporation
211 Altvest chairman and self-proclaimed “bitcoin maximalist” Stafford Masie Johannesburg-listed investment holding company Altvest Capital is changing its name to The Africa Bitcoin Corporation as it doubles down on its strategy of…