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…
Mark Zuckerberg Meta has begun rolling out a long-touted AI assistant that can autonomously send e-mails, sell a car and book travel on a person’s behalf, despite internal concerns that the technology mismanages its access to sensitive personal data. The company’s Muse agent, known internally as Hatch, is the centrepiece of CEO Mark Zuckerberg’s plan…
HyperLight Corporation (“HyperLight”), a leader in thin-film lithium niobate (TFLN) photonics, today announced that VentureTech Alliance (“VTA”) has joined its Series C financing round. VTA is a venture investment firm focused on the semiconductor industry, with a portfolio built across the semiconductor technology stack — including circuit design, foundry-adjacent process technology, EDA, advanced packaging, and…
The world map based on Gerardus Mercator’s 1569 projection On 4 September, the UN General Assembly voted 164 to one to encourage the world to stop drawing itself on Gerardus Mercator’s 1569 projection – the world map everyone learnt at school. The non-binding resolution, tabled by Togo for the African Group and the African Union…
Peter Clarke, CEO of LanDynamix. To say that businesses are embracing AI at breakneck speed, with so many organisations scrambling to get it embedded into their operations, is probably an understatement. We all appear to be diving head-first into the AI pool. Technology research leader Gartner notes AI enters organisations in two ways: as a…
Former JSE CEO Leila Fourie Vodacom Group has appointed former JSE CEO Leila Fourie to its board as an alternate director to chairman Saki Macozoma, with effect from 9 October 2026. In a notice to shareholders on Tuesday, the group said Fourie will become a full member of the board once Macozoma retires in July…
