New allegations by President Jacob Zuma’s supporters that South Africa’s biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation’s financial system, including the treasury. Protestors from the
Browsing: Standard Bank
Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17m people as a contract with a unit of Net1 UEPS Technologies comes to an end after years of legal battles. The existing contract
Standard Bank has asked the high court to prevent President Jacob Zuma and any of his ministers from intervening in its decision to close accounts of companies associated with the Gupta family. The appeal goes a step further than an
Standard Bank has acquired a majority stake in Firepay, the company that develops popular mobile payments platform SnapScan. Terms of the deal have not been disclosed. Firepay launched SnapScan in partnership with Standard Bank
Standard Bank has launched an initiative aimed at increasing the percentage of women working in the traditionally male-dominated technology field. The bank’s Geek Girl initiative will focus on young women, aiming to “inspire
Mastercard’s Masterpass now claims to be the most widely accepted digital wallet in South Africa after concluding a deal to allow consumers to use its wallet at the more than 30 000 SnapScan merchants in South Africa. Mastercard and SnapScan
Teraco Data Environments has announced it has started construction on a huge new data centre at River Fields Bredell, 20km north of its current Isando campus on Johannesburg’s East Rand. The 24MW, new data centre will be even bigger
Data centres are suddenly de rigueur in Africa, with new facilities being deployed across the continent as telecommunications operators and independent infrastructure providers build facilities to cater for rapidly expanding demand from African consumers
South Africa’s largest banks have successfully swapped an asset via a blockchain network, set up among themselves. The banks – Absa, Investec, Nedbank, Rand Merchant Bank/First National Bank and Standard Bank
South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays