Based on a zero-fee banking model, Bank Zero launched to the public in August 2021. The Competition Commission has recommended that the Competition Tribunal approves the proposed transaction whereby Lesaka intends to acquire Bank Zero, without conditions. This, after fintech group Lesaka Technologies in June announced it will acquire 100% of the issued ordinary shares…
Discovery Bank CEO Hylton Kallner Discovery Bank’s Thursday announcement of a deal with cryptocurrency platform Luno, which will allow the former’s customers to trade cryptocurrencies online, is yet another sign that cryptocurrencies are becoming mainstream in South Africa. The move follows another deal announced in October between Scan to Pay and MoneyBadger that allows users…
Hylton Kallner, CEO of Discovery Bank. Discovery Bank today unveiled new offerings, including the integration of crypto-currencies into the digital bank’s mobile app. Under a partnership with Luno, Discovery Bank will add crypto trading in over 50 crypto assets from December. Hylton Kallner, CEO of Discovery Bank, says: “The financial world is evolving fast, and…
Discovery Bank CEO Hylton Kallner Discovery Bank is adding the ability for its clients to trade in cryptocurrencies directly in its banking app. The launch on Thursday of the crypto facility follows the signing of a new agreement between Discovery Bank and crypto exchange operator Luno, which will serve as the bank’s partner for the…
A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty Images LONDON — The Bank of England on Thursday voted narrowly to hold interest rates steady, exercising caution ahead of the government’s Autumn Budget in November. Out of…
A report by the World Bank has said that about 2.6 billion people globally lack access to the Internet and are therefore labelled as living in “digital darkness”. The number is about one third of the world’s population and those lacking access to the Internet cut across continents. The report was published by the Bank…
Commodity markets are helping to stabilise the global economy. PHOTO/Pexels/Kamaji Ogino. By BUSINESS CORRESPONDENT [email protected] Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by seven…
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Houston Food Bank ‘supersite’ opens amid SNAP benefits uncertainty 03:46 UP NEXT Fed makes second consecutive interest rate cut 02:07 Amazon reportedly set to announce massive layoffs 02:09 Report shows inflation increased 3% compared to last year 03:54…
Washington — The World Bank today approved an additional grant of $18.34 million to support Sierra Leone in enhancing biodiversity protection, environmental sustainability, and climate change resilience. This funding, provided through the Least Developed Countries Fund (LDCF) under the Global Environment Facility (GEF), will scale up ongoing activities under Phase 2 of the West Africa…
Luanda — The World Bank’s Director of Strategy, Vickram Cuttaree, on Tuesday in Luanda recommended that African states should institutionalize railway networks in the continent as a way to guarantee, in the long term, the sustainability of financing commitments for these structuring projects. The official was speaking at a panel on the theme “Regional Corridors…
