Justice minister Mmamoloko Kubayi. The Department of Justice and Constitutional Development (DJCD) is rolling out a modernisation and digital transformation strategy, prioritising the implementation of several technologies by 2030. The aim, as contained in its Revised Strategic Plan for 2025 to 2030, is to improve service delivery, efficiency, and accessibility while addressing IT infrastructure and…
The banking, financial services and insurance sector is navigating an unprecedented convergence of economic and regulatory pressures. Rising cost-of-living pressures, household cash-flow stress, regulatory expansion and new risks linked to climate, fraud, conduct and geopolitical volatility all converge to create a perfect economic storm. Socio-political shifts mean that customers now expect greater transparency, demonstrable concern…
Lineshree Moodley, country head of Visa South Africa. Visa’s newly launched Johannesburg data centre is gaining strong uptake from South African banks and fintechs, emerging as a core component of the country’s payments ecosystem. Launched in July, the data centre is Visa’s first on the African continent. It forms a major part of a R1…
A construction workers paints an eagle on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System, on Sept. 16, 2025 in Washington, DC. Kevin Dietsch | Getty Images A Christmas cut? Fast forward a few weeks, and a Christmas cut is very much…
As banks beef up their security perimeters, criminals are now devising methods to beat banks’ own authentication protocols, quickly and effectively exfiltrating funds. Two particularly concerning modes of attack have emerged: bank identity number (BIN) scan attacks and distributed denial of service (DDoS) assaults orchestrated to hide targeted attacks. BIN scan attacks represent a strategy…
Retailers, telcommunications operators and banks in South Africa have been sitting on some of the most valuable media inventory in the country: their own customer channels. Logged-in apps, secure web portals, statements and e-mail all attract consented, known customers at high frequency. The question is no longer whether those touchpoints have media value. It is…
The US justice department has confirmed it will investigate paedophile financier Jeffrey Epstein’s alleged links to major banks and several prominent Democrats, including former President Bill Clinton. US President Donald Trump said he would ask Attorney General Pam Bondi and the FBI to look into Epstein’s “involvement and relationship” with Clinton and others. Bondi said…
A quiet but consequential contest is playing out in the global financial architecture. One that could determine Africa’s ability to finance its own development. In recent months, powerful voices from the International Monetary Fund (IMF), the Paris Club and US investment bank JP Morgan have questioned the preferred creditor status of African multilateral development finance…
Annelene Dippenaar Fintech companies have taken a boots-on-the-ground approach to providing fit-for-purpose financial services in township and rural economies – and that’s helping them outpace the banks and drive digital adoption at higher rates. This is according to Annelene Dippenaar, legal, risk and compliance officer at Shop2Shop, who told TechCentral in an interview that fintechs…
A draft report by the Office of the Tax Ombudsman has found that the mechanisms put in place by the South African Revenue Service to assist taxpayers who fall victim to eFiling profile hijacking are inadequate and ineffective. According to the report, which was released on Wednesday, tax practitioners are more susceptible to eFiling profile…
