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…
Dams have been emblematic of the World Bank’s approach to development for many decades. From the bank’s early years in the 1960s and 1970s, large-scale infrastructure projects such as dams, power plants and transport networks were central to its strategy for economic growth and poverty reduction. This reflected a top-down modernisation paradigm. But the controversial…
Zimbabwe men’s T20 captain Sikandar Raza says home support will be key as the Chevrons begin their campaign in the ICC Men’s T20 World Cup Africa Qualifiers, which kick off this Friday in Harare. The tournament, running until October 4, will be staged across two venues, Takashinga Sports Club in Highfield and Harare Sports Club….
Nairobi — Ahead of the Conference of the Parties (COP30), the Second Africa Climate Summit (ACS2) in Addis Ababa is looking to mobilize billions for renewable energy, sustainable agriculture, green housing, and gender-focused financing. As climate shocks intensify across East Africa, from failed rains in Kenya’s arid north to devastating floods in Tanzania’s coastal belt,…
