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
Consumers at all of SA’s big banks, with the exception of Nedbank, are paying lower fees than they were last year. This is according to the third annual bank fees report by the Solidarity Research Institute, the research arm of the Solidarity trade union. The report, which was released on
The rand nose-dived against major foreign currencies on Monday hitting a new three-and-a-half year low of R8,97/US$, before recovering slightly. The slide means gadgets and computers are about to get a lot more expensive, though not necessary
Jonas Bogoshi, CEO of JSE-listed technology group Gijima, will step down at the end of the year after five years in the job. In a statement to shareholders, the group’s board says there will be a formal handover period of three months to a new CEO. It has
Net1 UEPS Technologies, the Nasdaq- and JSE-listed technology company that recently won a R10bn tender for the payment of social grants in SA, has won the right to appeal a high court decision that found the tender process was illegal and invalid
A portion of downtown Johannesburg is being transformed into one of the most wired places in Africa thanks to the initiative of a group of tech-savvy property developers. The Maboneng Precinct is a short walk from banking group Absa’s head office and houses Arts on Main, the Mainchange, Main Street Life
A harsh spotlight is shining on Michael Hulley, Jacob Zuma’s personal lawyer and presidential legal adviser, who was responsible for the legal integrity of a social grants megatender that has turned out to be a mess. The SA Social Security Agency appointed Hulley in July last year as a “strategic adviser … to ensure
The process of awarding a R10bn contract by the SA Social Security Agency (Sassa) to JSE- and Nasdaq-listed Net1 UEPS Technologies earlier this year was “illegal and invalid”, a high court judge has ruled. Judge Elias Matojane found that
