Author: Staff Writer
The African National Congress is proposing drastic measures to prevent audio leaks from the national executive committee (NEC) meetings. The City Press reported that the measures include “severe penalties ” and the return to physical meetings instead of online platforms. The newspaper added that NEC members would be requested to leave all electronic devices at the door. They will also be under constant surveillance during the meeting to ensure there are no recordings. The leaked audios have caused tension even within the ANC top six. This week, ANC deputy secretary-general Jessie Duarte accused ANC secretary-general Ace Magashule’s supporters of leaking NEC…
This month, things came to a head for South African crypto exchange iCE3, after it notified users that withdrawals would be suspended. One of the oldest exchanges in South Africa, it held only 80,000 accounts, with only a small fraction of those being active. Last month, the exchange suspended trading after finding that account discrepancies existed. “There’s a cloud of mystery surrounding iCE3. What happened, how it happened, why it happened, and, perhaps, most importantly, who was in charge of their communications,” queried Richard Gardner, CEO of Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital…
A delay in the payments of the COVID-19 grant for the months of March and April 2021 is being experienced due to the transition in government financial years. The end of March is the end of the financial year for the government and various administrative tasks are required before any payments which relate to the previous financial year can be made. SASSA said in a statement it is currently busy with these end of financial year tasks which has delayed payment. SASSA received confirmation of the extension of the COVID-19 grant on 11 February 2021, after all its administration systems…
To help South Africans get up, get going and achieve their goals this year, MTN is offering all South Africans the chance to win one of 12 digital makeovers – and it starts today! It’s called The Go Show and it will air each week on the eTV Morning Show from 15 April 2021 to 15 June 2021 – on Tuesdays, Thursdays and Fridays. The show ambassadors, known as the “Go-Getters” – Riky Rick, Pabi Moloi, Redi Tlhabi and William Lehong – have been armed with a range of MTN consumer and business products, services and complementary devices, hardware, software…
The African Bank Group taps Kennedy Bungane as CE0 and as an executive director of the bank and holding company African Bank Holdings. His appointment, effective 14 April 2021. “We welcome the appointment of Kennedy as the new permanent CEO. Kennedy has a keen sense for managing complex stakeholder issues. He has a proven track record in identifying and nurturing leadership, which promotes strong teams to deliver successful results. His passion for the role that banking can play in transforming society resonated strongly with the Board,” said the Chairman of the Board, Thabo Dloti. “As an experienced banker, he also…
Providing cheaper fuels to South African citizens will not happen with the flick of a switch but will require a multi-faceted, multi-departmental approach with the involvement of the private sector. This is the view of the Automobile Association (AA) which today made representations to the Parliamentary Portfolio Committee on Mineral Resources and Energy on how to mitigate rising fuel costs in South Africa. “Our view is clear that a comprehensive, long-term analysis of the components of the fuel price needs to be done as a matter of urgency, and that all calculations relating to the fuel price be audited to…
Huawei’s Rotating Chairman, Eric Xu, said the company was optimising its portfolio to boost business resilience to cope with uncertainty brought about by geopolitical tensions, the resurgence of COVID-19, and US bans. Xu was speaking at the company’s 18th Global Analyst Summit attended by industry and financial analysts, key opinion leaders, and media representatives. “We want to boost the resilience of our entire business, and since last year we have been working to optimise our portfolio with this goal in mind,” said Xu. Enhancing software engineering capabilities Xu said one of the priorities was to further strengthen Huawei’s software engineering…
Cryptocurrency investment platform, Revix, with offices in Cape Town and London, has raised R58.5 million in off-shore capital funding. Founded in 2018 on the principle that everyone should be able to invest their own money and become their own wealth manager, the business’ customer growth has mirrored the exponential rise in the cryptocurrency market which is valued at over $2 Trillion – making the digital asset class more valuable than Apple. The capital will be used to launch Revix’s mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities, and for expansion to the European Union. Locally, the funding…
The National Student Financial Aid Scheme (NSFAS) has called on all NSFAS funded students, who are registered at a public university and Technical and Vocational Education and Training colleges, to order laptops online. In a statement issued on Tuesday, NSFAS said that the scheme is expecting its first batch of digital learning devices (laptops) for NSFAS funded students on 18 April 2021. This follows a mandate from Higher Education, Science and Innovation Minister, Dr Blade Nzimande. NSFAS Chief Corporate Services Officer, Sibongile Mncwabe said that since the directive of the Minister, NSFAS has gone into several consultations with stakeholders to…
SYSPRO, an industry-built ERP software solution designed to make things possible in key manufacturing and distribution industries, has unveiled its re-energized brand, visual identity and positioning to the market. The new brand tagline and positioning signifies SYSPRO’s evolving offering to the market and how the business continues to be committed to guiding customers to secure a digital future. Over the past year, manufacturers and distributors have had to contend with global vulnerabilities and disruptive forces. Many have now shown a sense of urgency in accelerating their digital transformation journeys for long-term resiliency. The industry has realized that digital transformation is…