Messaging app WeChat is heavily focused on the take-up of its wallet technology in South Africa this year, says the app’s head of Africa, Brett Loubser. WeChat, which is owned by Chinese Internet giant Tencent, rivals competitors such
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Public protector Thuli Madonsela has confirmed that she is following up on a report she compiled two years ago on governance failures at the public broadcaster. This following a number of high-profile changes implemented at the broadcaster recently
South Africa’s rand is overvalued and has little chance of strengthening in the next year due to the policies of President Jacob Zuma’s “populist” government, according to the currency’s best forecaster for the past four quarters. Instead it may
Communications Minister Faith Muthambi will attend a meeting at Luthuli House on Monday where she is expected to be told to take action against the SABC board, ANC communications sub-committee member Jackson Mthembu told the Sunday Times. Muthambi is part of the committee
The SABC on Sunday refused to confirm the veracity of a union report that the disciplinary hearings of suspended news journalists have been suspended – some indefinitely. “We do not comment on
Standard Bank has no plans, at least for the foreseeable future, to launch a mobile virtual network operator. The banking group’s chief executive for personal and business banking
South Africa’s state-owned power utility may ask the nation’s energy regulator for permission to raise prices more than allowed so it can recoup more than R40bn of non-budgeted expenses incurred over two years, an analyst at Rand Merchant Bank said.
The South African Reserve Bank has approved the Post Office’s first-level application for a banking licence for Postbank. The awarding of the licence means that the Postbank is closer to offering more than just savings accounts as it will
Strike action at the Independent Communications Authority of South Africa has stretched to a fifth day. Workers are demanding that they receive pay rises and bonuses back-dated to 2014 and a reversal or human resource policies, such a performance
Blockchain technology could swallow as much as 40% of global banking revenue by overtaking the verification of payment transactions, according to Farzam Ehsani, leader of Rand Merchant Bank’s blockchain initiative, who believes that in the future we