One of South Africa’s largest credit bureaus, TransUnion, has been hacked. The attackers are seeking an extortion, the company said.
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African Rainbow Capital is switching to investing in digital banks and financial start-ups, while shunning mining stocks, saying the boom in commodity prices maybe overdone.
President Cyril Ramaphosa has signed off on the creation of a Critical Infrastructure Council, meant to help counter threats to key infrastructure in South Africa.
President Cyril Ramaphosa has promised to address South Africans in the coming days on ending the two-year-old national state of disaster.
Chinese authorities are considering requiring Tencent to include WeChat Pay in a newly created financial holding company.
Vodacom and MTN were by far the biggest spenders in South Africa’s spectrum auction, agreeing to cough up more than R5-billion each for prime access.
African Rainbow Capital Investments plans to offload its remaining stake in fibre network operator MetroFibre Networks.
Altron has sold its Xerox agency, Altron Document Solutions (ADS), to Xerotech, a subsidiary of Bi-Africa Investment Holdings.
The commission’s decision to refer Meta Platforms for prosecution to the Competition Tribunal will dim South Africa’s investment prospects even further. By Zakhele Mthembu.
Rain is participating actively in communications regulator Icasa’s auction of broadband spectrum and expects its business to be a big beneficiary of the process.