Browsing: Standard Bank

A short distance off the highway between Johannesburg and Pretoria, not far from the Samrand offramp north of Midrand, is a large but otherwise nondescript building. To the casual observer

Standard Bank will lease space in its new mega data centre in Midrand to telecommunications operators and other companies as it is only able to use a small portion of the space in the expansive facility for its own needs.

A bubble similar to the dot-com mania of the late 1990s is inflating in the mobile payments industry in SA. And many of companies are going to be hurt when it bursts. That’s the view of Standard Bank director Herman Singh

Vodacom expects to sign up 10m M-Pesa mobile money users within three years. The telecommunications operator’s director in charge of the product’s launch, Romeo Kumalo, revealed the ambitious target during the product’s launch in Midrand, north of Johannesburg, on Tuesday.