The Johannesburg High Court found that crypto-currency is subject to current forex rules. (Graphic: Nicola Mawson | Freepik) A new crypto coalition, called CATASTROPHE, warns proposed cross-border regulations could threaten thousands of jobs, hit millions of crypto holders and cost the fiscus billions of rand in tax revenue. It is calling on National Treasury and…
Apple on Wednesday unveiled a foldable called iPhone Duo, introducing the biggest change in years in the company’s flagship product. The US$1 999 starting price for the iPhone Duo means it will could cost north of R50 000 when it is launched in South Africa. TechCentral has calculated this estimate based on the non-discounted price of…
Fire Force and Discovery Insure urge homeowners to maintain solar systems. Fires related to solar power installations now make up a quarter of all structural fires attended by Fire Force, reflecting the growing fire risk associated with the rapid expansion of residential solar systems in South Africa. This is according to recent response data collected…
Shoprite Group CTO Chris Shortt Chris Shortt, chief technology officer at Shoprite Group, says the work of the next five years is meeting the customer at their point of need, wherever that is – and that this does not mean the end of the store. Speaking on TechCentral’s Meet the CIO podcast series, brought to…
The winners of the Brainstorm CIO of the Year Awards 2025: the Information Regulator’s Tando Luyaba (left) and Standard Bank’s Khomotso Molabe. ITWeb Brainstorm has opened nominations for its CIO of the Year Awards for 2026. With a history of recognising the vital role the chief information officer (CIO) plays in the modern organisation, through…
The South African Reserve Bank (Sarb) says its approach to stablecoins has not been settled, in its first response to the public campaign launched on Wednesday, 9 September by South Africa’s largest regulated crypto platforms against its proposed cross-border crypto restrictions. “These are draft requirements, and national treasury and Sarb, in collaboration with other regulators,…
EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the final close of EIG Senior Infrastructure Debt Fund VI (“SIDF VI”) at $1.9 billion, nearly double the size of its predecessor fund. Together with $2.1 billion committed to single investor vehicles, this exceeds the strategy’s original $3 billion target and…
South Africa’s banks have lost the body through which they collectively governed the national payment system. On 2 September, the Reserve Bank’s recognition of the Payments Association of South Africa as the country’s payment system management body lapsed, ending a self-regulatory arrangement that had run for 27 years. Pasa’s functions, staff and intellectual property have…
MultiChoice is undertaking its most significant operational overhaul in nearly 15 years, unbundling flagship content and restructuring its DStv package tiers effective 17 September. Under the revamped model, long-standing channels M-Net and KykNet lose their exclusive ties to DStv Premium, while major broadcast properties, including domestic rugby, all international cricket, and the UEFA Champions League,…
Shein and Temu shift to local fulfilment as SA’s tighter customs regime reduces the appeal of direct imports. (Image created via Gemini) South Africa’s crackdown on low-value imports has significantly slowed the growth of cross-border e-commerce, forcing international platforms such as Shein and Temu to shift their focus from tax arbitrage, towards local fulfilment and…
