FirstRand Group has committed R4.7-billion to buy 20.1% of soon-to-be-listed multinational fintech Optasia.
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With one notable exception, IT spend in South Africa’s banking sector has remained relatively stable.
Total IT spend at FirstRand for the financial year ended 30 June 2024 reached R19.3-billion, up 8% from 2023’s figure.
First National Bank has appointed La-Cell Mouton as its chief information officer.
Private equity shareholders of Primedia are considering strategic options for their stakes in the broadcasting group.
Cloud migration projects are making way in South African banks’ IT budgets for AI and cybersecurity.
FNB’s Christoph Nieuwoudt is a leading expert on artificial intelligence. He joins Duncan McLeod on TCS+.
President Cyril Ramaphosa met with business leaders as concern over South Africa’s multiple crises grows.
Banks say they have to keep funding at least some coal projects for now because an immediate halt would cause upheaval.
FirstRand will end funding for new coal-fired power stations and coal mines and has lowered the cap on its coal exposure as part of moves to reach net-zero emissions by 2050, it said on Wednesday.