22 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: Tech
Tech loopholes fuel vehicle theft surge in South Africa
32 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
29 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…
The South African bank racing ahead of its peers in IT spending growth
38 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 –…
Cell C listing plan gains momentum
42 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
48 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
63 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….
Meta created flirty chatbot of Taylor Swift without permission
48 US singer Taylor Swift. Daniel Cole/Reuters Meta Platforms has appropriated the names and likenesses of celebrities – including Taylor Swift, Scarlett Johansson, Anne Hathaway and Selena Gomez – to create dozens…
WhatsApp patches exploit after sophisticated global spyware attack on users
40 WhatsApp has discovered an advanced cyberespionage campaign that took advantage of a chain of security vulnerabilities in the app and Apple devices to hack them. A researcher with Amnesty International said…
AI-led digital banking fraud is surging in South Africa
63 Digital fraud is on the rise in South Africa, with the number of incidents reported by the banking sector in the 2024 calendar nearly doubling year on year. The rate of…