Banking group Nedbank has launched a mobile point-of-sale (POS) device, called the PocketPOS, that accepts both magnetic and chip-and-Pin credit and debit cards. The device connects to a smartphone using Bluetooth and is operated by means of a mobile application. The PocketPOS
Financial services giant Old Mutual has acquired personal financial management start-up 22seven as part of a strategy of what it calls “developing digital support for its customers”. The value of the deal has not been disclosed. 22seven exited its beta phase last May and began
Telkom’s share price jumped more than 4% in intraday trading after it announced the appointment of five independent nonexecutive directors to fill posts vacant since October. The share closed up by 3,5%, a rare strong move for a company whose share price has tumbled by almost 45% over the past year
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
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
