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Inside the R300m Standard Bank heist

Inside the R300m Standard Bank heist

Three hours, around 100 people, 1 400 Japanese ATMs and 1 600 counterfeit credit cards, was all it took for fraudsters to exploit Standard Bank in Japan. The bank, which stands to lose up to R300m, described the attack as a “sophisticated

Untangling SA’s big open-access debate

Untangling SA’s big open-access debate

Competition has broken out among telecommunications operators in South Africa as a result of an open-access policy intervention, being the prices which operators pay to access customers on other networks: the call termination rate. Prepaid mobile voice

E.tv parent’s earnings slump

E.tv parent’s earnings slump

eMedia Holdings, the parent company of free-to-air broadcaster e.tv and 24-hour news channel eNCA, among other media assets, has warned that its profits will nosedive in the year ended 31 March 2016. The group – formerly known as Seardel

SA now third biggest economy in Africa

SA now third biggest economy in Africa

South Africa has been known as the continent’s second-largest economy since Nigeria re-based its GDP data in early 2014. However, the IMF World Economic Outlook released in mid-April provided more sobering GDP statistics for South Africa

MTN cuts off 4,5m subscribers in Nigeria

MTN cuts off 4,5m subscribers in Nigeria

Nigeria and South Africa have again served to put pressure on MTN’s subscriber numbers, with group customers declining by 1,4% quarter on quarter for the three-month period ended 31

IT tender scandal erupts at correctional services

IT tender scandal erupts at correctional services

The department of correctional services wanted to overpay a company by more than R300m for providing IT services that should have cost the taxpayer R50m. The government’s chief procurement officer, Kenneth Brown, revealed in parliament on

PMI points to bleak outlook

PMI points to bleak outlook

The latest Standard Bank South Africa Purchasing Managers’ Index paints a bleak picture of the South African economy, signalling the most marked deterioration in operating conditions in over one-and-a-half years. The Standard Bank survey produced by

Revised ICT sector code: what you need to know

Revised ICT sector code: what you need to know

Trade & industry minister Rob Davies published a draft aligned ICT sector code for public comment in the Government Gazette on 24 February 2016. Five days later, on 29 February, the minister

Africa is still rising, despite recent troubles

Africa is still rising, despite recent troubles

The historic combination of favourable macroeconomic conditions for Africa began to reverse in 2013, with a weakening of most commodity prices as well as the taper tantrum in the global financial

Sim-swap victim feels ‘betrayed’

Sim-swap victim feels ‘betrayed’

Cape Town audiologist Gail Jacklin, who lost over R200 000 in a Sim-swap scam earlier this year, says she is emotionally drained and has lost trust in both First National Bank and MTN. Earlier this week, private consulting forensic

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