Teraco Data Environments has concluded its biggest fundraising round to date, securing R2.5-billion from Absa and other lenders that will be used to build a giant new data centre east of Johannesburg.
An Absa employee accused of leaking some of the bank’s South African customer data to third parties provided the information, which included credit card numbers, to several third parties in return for payment.
Absa has been hit by a data leak, which the banking group said on Monday evening was limited in nature, but which involved the “unlawful” leaking of client information by an employee.
The South African Reserve Bank has announced that cheques will not be supported by the country’s national payment system from 1 January.
The paint has barely dried on phase 1 of Teraco’s huge new expansion of its Isando data centre but the company is already embarking on its next big build: a massive, R4-billion facility north of OR Tambo International Airport.
Promoted | While the move hasn’t caught anyone by surprise, many companies are yet to decide whether to run S/4Hana in the cloud or on-premise, or to ditch SAP and switch to a different platform altogether.
Altron has won an appeal at the supreme court, overturning the high court’s earlier decision to set aside the awarding of a broadband contract by the City of Tshwane to Thobela Telecoms.
Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial services.