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South Africa: South Africa to get a state-owned bank
The department of communications and postal services is finalising plans to transition the Postbank into a full-service bank. Communications and Digital Technologies minister ...
News
South Africa looking at introducing ‘digital rand’
The South African Reserve Bank (SARB) is actively experimenting with digital currency and distributed-ledger technology, but this cannot be done in isolation from ...
South Africa
South Africa: South African Startup, SmartWage, raises $2 million in seed funding round
SmartWage, a South African innovative HR and communications technology startup, announced that it has raised $2 million in an oversubscribed seed funding round. ...
South Africa
South Africa: SA fintech startup Sticitt raises oversubscribed seed funding round
South African fintech startup Sticitt has secured an oversubscribed round of seed funding to help it continue to grow. Co-founded in January 2018 ...
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South Africa: South Africa’s Absa Bank Appoints New CEO
South Africa’s Absa Bank Group has appointed Arrie Rautenbach as its new CEO effective immediately. Rautenbach had currently been serving as Absa’s head ...
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South Africa: Netflix to invest $63 million in South Africa’s Film and TV Industry
Global streaming giant Netflix Inc. is turning its attention to South Africa as it looks to boost subscriber numbers on the continent. The company will ...
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South Africa: Reserve Bank to IPO Its African Bank Stake
The South African Reserve Bank (SARB) says it will list its 50% shareholding in African Bank after concluding that none of the interested ...
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South Africa: SA Reserve Bank Poised to Hike Repo Rate This Week to Douse Inflationary Flames
The Monetary Policy Committee of the South African Reserve Bank will almost certainly hike its key repo rate on Thursday, 24 March, in ...
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South Africa: South Africa’s Credit Bureau TransUnion Server Hacked
TransUnion has confirmed that a criminal third-party obtained access to its South African server through misuse of an authorised client’s credentials. “We have ...
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South Africa: South Africa spectrum auction raises almost $1 billion
The Independent Communications Authority of South Africa (ICASA/the Authority) concluded the radio frequency spectrum auction on Thursday. The auction involved six bidders, i.e. Cell C, ...