First National Bank intends to axe 600 employee positions and close 40 retail branches as its customers shift to digital banking, according to a report. Bloomberg reported on Monday afternoon that the weak economy had also contributed to the cost-cutting
Technology group Altron expects to report a 90c/share headline loss in the year ended 29 February 2016, a deterioration from the loss of 3c/share reported a year ago, it warned shareholders after markets closed in Johannesburg on Monday. This compares to a headline
A recent spate of Sim-swap fraud cases saw First National Bank and MTN South Africa portrayed as the least trustworthy companies in their respective industries. Dozens of people have fallen victim to the Sim-swap scam, having hundreds of thousands of rand
The chairman of the South African Post Office has hit back at parliament’s standing committee on public accounts (Scopa) for questioning his commitment to the state-owned entity. Simosezwe Lushaba was lambasted by Scopa for failing to attend the committee’s
Hetzner’s data centre in Midrand, north of Johannesburg, is the site for an extension of the Johannesburg Internet Exchange, Internet exchange operator INX-ZA said on Monday. It’s the first time that Jinx has been expanded beyond its
With so many shoppers and so much to offer, what are some of the emerging trends that e-commerce specialists noticed in international markets and how can they be adopted in the South African market? These are some of the international trends that, if correctly
While blockchain technology is certainly worth investigating, chief information officers should not be fooled into thinking it is the panacea for all the potential use cases currently under discussion. It’s advisable to apply a healthy dose of scepticism
Seacom is expanding its business services division to Cape Town and Durban, a year after launching the division in Gauteng. At the same time, the company is establishing an office in Cape Town. Seacom, which operates a high-capacity subsea
There’s an elephant in the room. It’s a phrase that hails from a short 1814 fable, in which a man enjoyed all the small wonders of a museum but failed completely to see the giant elephant exhibition. It’s a brief read and pretty much encapsulates the idiom
Police are investigating a case of malicious damage to property after a cellphone store was broken into at the Musgrave Centre shopping mall in Durban on Sunday morning, police said. “Tills were left open and the safe was tampered
