Visual China Group | Getty Images Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday. Separately, the FBI said late Saturday that it has determined North Korea was responsible for the theft. Binance said…
Finance minister Enoch Godongwana. MTBPS 2026: Finance minister Enoch Godongwana has conceded that a “different approach” will be required for crypto regulations. This, after National Treasury received thousands of comments following publication of the Draft Capital Flow Management Regulations, which included the cross-border treatment of crypto assets. The draft regulations, published in April, represent a…
Skills, Jobs — *Former AfDB president says poor education, unemployment, lack of access to finance are wasting continent’s demographic advantage Michael Olugbode in Abuja Former President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has challenged African governments to stop treating their growing youth population as a potential burden and instead invest in education,…
Momentum Insure held the largest software asset base at R171 million. (Image supplied by Momentum) Momentum Group’s computer software assets increased to R239 million in the year ended 30 June, from R225 million a year earlier, driven largely by continued investment in insurance technology. The group’s results booklet shows Momentum Insure held the largest software…
INFOGRAPHIC/EYEWITNESS MEDIA. By PATRICK MAYOYO Wealth in 2026 is no longer simply a measure of money in the bank. It is a reflection of technological power, global business empires, political influence, royal heritage, sporting fame and ownership of some of the world’s most valuable assets. From Silicon Valley to royal palaces, luxury estates and private…
Veekash Beeam, Head of Technology at Nkgwete IT Solutions. Spend a day inside any large enterprise and one thing quickly becomes apparent: devices are in constant motion. A field engineer replaces a failed laptop. A new employee receives their first device. An executive’s machine is upgraded. Someone transfers departments and takes their equipment with them….
Investors in Kuramo Capital Management moved $458 million in African private-market assets to a continuation vehicle managed by Sango Capital, the investment firm led by former Bridgewater Associates partner Richard Okello. The assets were transferred from 2 Africa-focused funds that had passed their fund life and a 2019 fund, Kuramo Chief Executive Officer Wale Adeosun…
The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran’s regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent’s thinking told CBS News Saturday. The source said the Treasury intends to utilize all available authorities to make Iranian assets accessible for rebuilding and…
Digital assets are no longer a fringe conversation in South Africa’s financial sector. At the Luno Institutional Digital Assets Conference (LIDAC26) in Cape Town on 11 June 2026, fund managers, institutional investors, fintech, and payments specialists will engage with the evidence and hear from industry experts. The question of whether retail investors should own digital…
African assets have outperformed broader emerging markets since the start of the Iran conflict, challenging perceptions of the continent as a high-risk investment destination. Bloomberg data shows African local-currency bonds have declined less than the wider emerging-market index during the period. Over the past 12 months, they have delivered roughly double the returns of their…
