Author Prinesha Naidoo

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Digital banking fast gaining traction in SA

Investments made by banks to beef up their digital capabilities and offer clients cost-effective services appear to be paying off. Detailed figures disclosed in the financial results of four of the five largest banks in

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South Africans trading big volumes in bitcoin

Bitcoin continues to smash records, hitting a series of record highs in just one weekend. The cryptocurrency hit an all-time high of just over $4 225 on Sunday as the bull run played out across global bitcoin exchanges. In South Africa

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SA banks to set up national blockchain

South Africa’s largest and notoriously competitive financial services firms have come together to set up a national blockchain. The South African Financial Blockchain Consortium, comprising 22 industry heavyweights, the South

In-depth

Is bitcoin a legitimate asset class?

Eye-watering returns, surging prices and market capitalisations to rival some of the world’s largest companies make cryptocurrencies hard to ignore. Bitcoin, the original and arguably most well known cryptocurrency

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Capitec aims for digital-only bank overseas

Capitec Bank hopes that its acquisition of Creamfinance, a European online lending firm, will eventually lead the establishment of a digital-only bank overseas. “We’re building a digital bank on this side and they’re

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Capitec goes global

Capitec is to acquire a stake in a European online lending group, marking its first entry into international markets. The group is to purchase a 40% stake in digital finance company

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And now for the electronic rand?

The South African Reserve Bank is open to issuing a national digital currency, which would likely be based on blockchain or distributed ledger technology. “If we go the route of issuing a digital currency, the objective would be to take

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SA firm crowdfunds solar PV plant

The Sun Exchange, a Western Cape-based company “streaming money from sunshine”, appears to have clocked a trio of firsts upon the completion of its pilot project: crowdfunding a solar photovoltaic plant at the

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CEO matchmaking: $150m start-up eyes SA

Opportunity Network, the digital matchmaking platform for CEOs, has begun talks with domestic banks with the aim of launching in South Africa in the second half of 2017. The fast-growing platform was founded by Italian

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