Former First National Bank CEO Michael Jordaan on Tuesday revealed in a tweet that he is backing a new digital-only bank, called Bank Zero, to be launched in South Africa later this year. In a post on Bank Zero’s newly launched
Ferrari will make a battery-powered supercar to challenge Tesla at the high end of the electric-auto market, CEO Sergio Marchionne said. The race-car maker, spun off from Fiat Chrysler Automobiles, has been expanding its line-up
Dimension Data’s Internet Solutions said on Tuesday that its CloudConnect international colocation connectivity solution will interconnect with Microsoft’s Azure data centres in South Africa when they go live in
South African prosecutors have moved to freeze R1.6bn of assets held by McKinsey & Co and a company linked to the Guptas, the first significant response to corruption allegations against the politically connected
The Hawks police unit has obtained an arrest warrant for at least one of the members of the politically connected Gupta family, City Press reported. The unit is now waiting for prosecutors at the National Prosecuting
In this episode, Duncan McLeod talks to International Data Corp associate vice president Mark Walker and IDC research manager for IT services Jon Tullett about ICT opportunities in South Africa and the broader
Bitcoin slumped to the lowest level since December in Asia trading hours as cryptocurrencies continued a January selloff amid rising scrutiny from global regulators. Bitcoin fell 6.3% to US$13 040 at 10.32am in Hong Kong, the lowest
Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn
The appointment of MTN group executive Chris Maroleng as new chief operating officer of the SABC is not yet cut and dried, it appears. The minister of communications, Mmamoloko Kubayi-Ngubane, said in a statement on
If Facebook CEO Mark Zuckerberg is sincere in a recent post about gradually taking the media element out of “social media”, he’s striking a powerful blow for tech self-regulation, as well as preparing to pay a heavy price for