Financial regulators must act fast to prepare for the push by US technology giants like Facebook into the financial system, according to European Central Bank executive board member Benoit Coeure.

Servers operated by the South African Civil Aviation Authority have been down for most of the week after management was alerted to suspicious activity on its systems – and the agency is now probing whether a malicious actor was involved.

President Cyril Ramaphosa on Friday rallied to the defence of China’s Huawei, saying the company’s technology will be crucial in the roll-out of 5G mobile telecommunications infrastructure in South Africa.

Ethiopia plans to sell a minority stake in the state-owned phone monopoly and award telecommunications licences to two new operators in the first quarter of next year, the finance ministry said.

This week’s Asia Blockchain Summit in Taipei highlighted how volatility is back, reviving the excitement around crypto trading.

Samsung Electronics’ quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones.

Naspers’s global fintech company, PayU, is expanding into Southeast Asia with the acquisition of Singapore-based Red Dot Payment.

Promoted | In this episode of the podcast, TechCentral interviews VMware sub-Saharan Africa lead technologist Ian Jansen van Rensburg about the challenges and opportunities facing companies and chief information officers.

Promoted | Kabelo Makwane, MD for Accenture Operations in Africa, explains that in today’s increasingly disruptive and complex world, change comes quickly, often without warning – and from unexpected places.

Exclusive | Econet Media racked up more than R1.8-billion in external liabilities and was unable to pay suppliers before it was placed into administration earlier this week, a document seen by TechCentral shows.