Author: Staff Reporter

Johannesburg’s electricity infrastructure is being pilfered by armed criminal syndicates “on an industrial scale”, MMC Michael Sun said.

Mosai Barnard Moraka and Vilosi Tshabalala have been sentenced to an effective 20 years in prison for stealing R35-million from Eskom.

Showmax is putting a big focus on growing its presence in East Africa, announcing it is working on four originals for the Kenyan market, all slated for release in 2022.

Absa has appointed long-serving executive Arrie Rautenbach as its new CEO, replacing Daniel Mminele, who resigned last year after clashing with the banking group’s board.

Netflix has told the South African Investment Conference that it plans to invest R900-million in local content production over the next two years.

The South African Reserve Bank and its counterparts in Australia, Malaysia and Singapore have developed an experimental platform for settling multiple central bank digital currencies.

Following the cyberattack on credit bureau TransUnion, banking risk centre Sabric has said it is working with banks to protect consumers.

One of South Africa’s largest credit bureaus, TransUnion, has been hacked. The attackers are seeking an extortion, the company said.

Luno has established an investment arm, called Luno Expeditions, that it plans to use to invest in fintech, cryptocurrency and Web3 start-ups.

Icasa has wrapped up the long-awaited spectrum auction. This is the full, unedited statement issued by the regulator following the conclusion of the process on Thursday.