Author: Gugu Lourie
Local banks are investing in cybercrime defence as financial institutions globally face an increasing trend of cyber theft, an international survey has found. By Duncan Alfreds, NewsAgency According to a survey by security company Kaspersky Lab and B2B International, a third of global international financial organisations don’t offer their customers a secure channel for transactions. But in South Africa, the dominant banks have made strides to limit the impact of cybercrime, the survey said. “As cybercrime is a world issue, banks in South Africa are among organisations that are investing heavily in cyber security – based on the need for it,” Riaan…
As part of its goal to become the preferred fibre provider to all residents of the greater Kyalami area, Metrofibre Networx is planning to connect homes to fibre in Beaulieu, Heathcliff and Blue Hills estates. By Staff Writer Metrofibre, which is targeting more than 600 homes, is planning to complete the connection of homes in Beaulieu, Heathcliff and Blue Hills by April 2016. “We set ourselves a goal to become the preferred fibre provider to all residents of the greater Kyalami area,” explains Jacques de Villiers at Metrofibre Networx. “By winning the contract to supply these three estates we are…
Gareth Cliff is reportedly suing M-Net for R25m. Cliff got axed as a judge on the reality singing competition after a Twitter frenzy over comments related to the Penny Sparrow race debacle. According to a report by eNCA on Monday morning the ex-Idols judge is taking the South African broadcaster to court for wrongful dismissal. M-Net announced on Friday, 8 January that Cliff will not be part of the judging panel for Idols SA Season 12, which is due to commence with countrywide auditions at the end of January. According to Cliff’s lawyer M-Net didn’t follow proper procedure during his dismissal.…
The National Energy Regulator of South Africa (Nersa) will start its public hearings on Monday as part of Eskom’s application to recover an additional R22.8bn through an electricity tariff increase.
If ISIS and its supporters use Twitter to facilitate terrorist action or merely spread propaganda, is the social network liable? By Bruce Baer Arnold A lawsuit against Twitter in the United States in which a family is seeking compensation for the death of family member in an ISIS terrorist attack, may test this. The results will have implications for social networks and other businesses such as BT, Telstra, Facebook, Verizon and Google. We do not expect postal services, the phone company, the ISP or other network operators to check, and endorse, every message or parcel. In the United States, Australia,…
Outsourced workers are planning to shutdown all Pretoria universities and colleges as well as Tshwane municipality on Monday to protest against outsourcing. By Lizeka Tandwa, NewsAgency “We are planning to intensify our actions – aiming for total shutdown of all universities, colleges and the municipality,” #OutSourcingMustFall spokesperson Mametlwe Sebei told News24. Sebei said they would target the University of Pretoria (UP), the Tshwane University of Technology, the Tshwane North College, the Tshwane South College and Medunsa this week. “We want to achieve a total shutdown of all services which are using outsourced workers. We have done this at UP and Unisa…
The removal of the “Zuma Must Fall” banner from the Cape Town CBD has shown the true colours of “thugs” who supported the president. By Thulani Gqirana, NewsAgency This is according to the #ZumaMustFall movement, who on Sunday said by tearing down the banner, President Jacob Zuma’s supporters have given the movement a powerful tool. The #ZumaMustFall movement’s Marian Frances said their membership spiked overnight following the removal of the banner. She said she refused to believe it was true African National Congress members who had removed the banner. “The ANC that gave us freedom would never have done that. This…
If the rand/dollar exchange rate had remained flat in 2015, South Africans would currently have been paying on average 45 cents a litre less at the pumps, the Automobile Association (AA) said on Friday. By Carin Smith, NewsAgency This estimate is based on unaudited mid-month data released by the Central Energy Fund (CEF). “South Africa’s sagging rand/US dollar exchange rate continues to take the shine off ongoing international oil price weakness,” the AA explained. “This deficit has widened by another 32 cents to 40 cents in the first two weeks of January 2016, turning what would have been a 24 cents…
There are two major areas where emotion has heated up to the point of driving events. Domestically, race is getting more attention. Globally, financial markets are giving the impression of more than just an orderly retreat, meaning there are whiffs of panic in the ranks in some places as regrouping is full-throatedly underway, also infecting SA markets. By Cees Bruggemans Race is the ultimate cleavage in this country and revisiting this, sharpening the verbal interventions, invites recasting many understandings. Who knows where this will lead next, though no shortage of opinion. Something to watch. If race is a long…
From the start, I’ve always said the same thing: Bitcoin is an experiment and like all experiments, it can fail. So don’t invest what you can’t afford to lose, says Mike Hearn, who spent five years developing software for Bitcoin. By Staff Writer In an article on Medium, Hearn writes that despite knowing that Bitcoin could fail all along, the now inescapable conclusion that “it has failed still saddens me greatly”. Hearn has sold his coins and will no longer be taking part in Bitcoin development. He warns that the fundamentals are broken and whatever happens to the price in the…