Vodacom is suing Absa for losses of at least R1.2-billion it claims it incurred due to an alleged unauthorised payment from the operator’s accounts to Tanzania’s tax agency last year. It’s also demanding R4.3-billion under a guarantee signed between the parties.
Browsing: Standard Bank
The banking group spent R7.5-billion on IT licences, maintenance and related costs in the 2019 financial year, up 17%, due to the weaker rand and costs associated with its move to the cloud.
Standard Bank will soon begin moving its operational SAP banking systems onto the Microsoft Azure cloud platform as it looks to create what it calls an “always-on bank”.
A R1-billion smart electronics factory in East London, Yekani Manufacturing, is seeking business rescue in an effort to avoid being liquidated, according to a newspaper report on Wednesday.
A major electronics manufacturing facility in East London, which until recently made decoders for MultiChoice, faces possible liquidation after it reportedly failed to make repayments on a R200-million loan.
South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920.
Nedbank has partnered with Microsoft to migrate components of its IT infrastructure into the cloud, the financial services company said on Monday.
South Africa’s sixth blueprint in 25 years to boost economic growth and job creation may succeed where the previous ones have failed – by being less ambitious.
Few people bother to read the lengthy legal documents when signing a new cellular contract, opening a bank account or signing up for a new e-mail address. They should.
Tech accelerator and incubator Founders Factory Africa has struck a deal with healthcare provider Netcare Group to provide a platform for entrepreneurs to build and scale health-tech start-ups in Africa.