Former Absa deputy CEO Louis von Zeuner — known to his colleagues in the banking industry as “King Louis” — has been named as one of five new business leaders who have joined the board of the partially state-owned telecommunications operator Telkom. Von Zeuner, who is highly respected in the
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Net1 UEPS Technologies, the company facing a corruption probe by US authorities, including the Securities & Exchange Commission (SEC) and the Federal Bureau of Investigation (FBI), has itself filed a R478m lawsuit against Absa subsidiary AllPay. AllPay, a unit of banking group
LinkedIn, the online network for business professionals, says it signed up its two millionth South African user on Tuesday. The US company, which is listed on the Nasdaq in New York with a market capitalisation of US$12bn, says it has 187m members in more 200 countries. It says the three biggest
It’s been a good year for most technology stocks listed on the JSE. One notable exception is Gijima, whose share price has tumbled by more than two-thirds in the past 12 months as investors fret about the company’s future. It’s lost nearly half its value since it published its annual results in
Technology entrepreneur Stafford Masie spent two-and-a-half years working on the Payment Pebble smartphone payment device before it was unveiled last week by retail banking giant Absa. The device was engineered and built by Masie’s Centurion-based company Thumbzup, which he wants
Your hosts Duncan McLeod and Craig Wilson are back with the second episode of the fresh-look TalkCentral podcast. In this week’s show, we look at the top three news stories of the last seven days and pick our winner and loser of the week – this week it’s Absa and Samro. We also
Absa is launching a new piece of hardware called the Pebble that can be used to accept payments from chip-and-pin or magnetic credit and debit cards using a mobile phone, tablet computer or PC. The retail-banking group has introduced the product, which is similar
Banking group Absa has launched a product aimed at tech-savvy young professionals. Called Potentiate, it includes a new bank card with a digital display for showing one-time Pin numbers. The product promises various loyalty benefits and those taking it up can opt to purchase an
Absa has lost another of its top executives. Its managing executive for digital channels, Christo Vrey, has resigned and his deputy, Adrian Vermooten, will fill the vacant position. Vrey left Absa at the end of September. Vrey, who has been with Absa
SA’s largest retail bank, Absa, will release its banking application to its staff next month and to consumers in the first quarter of next year, a spokesman for the company says. The app will be available first to users of Apple iOS and Google Android phones, with other platforms to follow later