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Delayed ICT upgrade leads to third NSFAS administration

Delayed ICT upgrade leads to third NSFAS administration

NSFAS ICT failures flagged among reasons for latest administrative cycle. (Image source: 123RF) The National Student Financial Aid Scheme’s (NSFAS’s) continuous ICT system failures have reared their ugly head, resulting in the agency being placed under administration once again. This week, higher education and training minister Buti Manamela placed NSFAS under administration, citing governance instability…

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AI is rewriting the threat playbook

AI is rewriting the threat playbook

The author, Justin Lee The withdrawal of South Africa’s draft National AI Policy is an uncomfortable but instructive moment. Communications & digital technologies minister Solly Malatsi confirmed last month that fictitious — likely AI-generated — citations were included in the draft document without proper verification, and pulled the policy. He called it “an unacceptable lapse” that,…

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Competition Commission approves R1 billion acquisition of Pay@

Competition Commission approves R1 billion acquisition of Pay@

South Africa’s Competition Commission has approved the R1 billion acquisition of major payment platform Pay@ by the fintech group Araxi. The transaction, facilitated through Araxi’s African Resonance subsidiary, involves the acquisition of Pay@ and its cross-border expansion arm, IPH, without conditions. The Commission determined that the deal is unlikely to substantially diminish competition in any…

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