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
Author: Prinesha Naidoo
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
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
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
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
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
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
South Africa’s largest banks have successfully swapped an asset via a blockchain network, set up among themselves. The banks – Absa, Investec, Nedbank, Rand Merchant Bank/First National Bank and Standard Bank
Strate, South Africa’s central securities depository (CSD), plans to launch an e-proxy voting system based on blockchain technology in 2017. The body, responsible for clearing and settling all transactions that
The growing threat and constantly-evolving risks of cybercrime and security breaches are set to change the face of business and spur ethical dilemmas for company directors, says BDO South Africa. Speaking at the launch of