iGaming fraud surges in SA despite greylist exit

iGaming fraud surges in SA despite greylist exit

South Africa bucked a trend seen across Africa, with a three-fold increase in iGaming fraud. (Image created by GenAI) South Africa’s know-your-client (KYC) and anti-money-laundering (AML) tools are seen as fragmented, as the country experiences a three-fold surge in iGaming fraud. This, even though the country was taken off a global financial watchdog’s greylist last…

Read More
Post Office moves to exit business rescue

Post Office moves to exit business rescue

The South African Post Office’s joint business rescue practitioners have asked the high court to end the entity’s business rescue, declaring the adopted plan substantially implemented nearly three years after the troubled state-owned company was placed under supervision. Anoosh Rooplal and Juanito Damons launched the application in the Pretoria high court on 12 June, seeking…

Read More
GoTyme Bank in mall expansion drive after Pick n Pay exit

GoTyme Bank in mall expansion drive after Pick n Pay exit

Mall expansion replaces Pick n Pay kiosks as GoTyme scales hybrid banking. Digital bank GoTyme, formerly TymeBank, is ramping up its expansion into shopping centres, as it accelerates its hybrid ‘phygital’ model built around setting up mall-based customer hubs. The move forms part of a strategic shift in how the ‘neo bank’ engages customers, positioning…

Read More
Adobe CEO to exit role amid AI disruption

Adobe CEO to exit role amid AI disruption

Outgoing Adobe CEO Shantanu Narayen Adobe’s long-serving CEO, Shantanu Narayen, will leave his role once a successor is appointed, the design software maker said on Thursday, sending its shares down over 7% in extended trading on renewed worries around its strategy as it grapples with AI disruption. Narayen’s exit from the role comes after he served…

Read More
MTN in push to formalise exit from Syria

MTN in push to formalise exit from Syria

MTN Group CEO Ralph Mupita and Abdulsalam Haykal, Syria’s minister of communications and IT, at MWC. (Image supplied by MTN) MTN Group has moved to formalise its exit from the Middle Eastern country of Syria. In a statement today, the South African-based telecommunications giant says MTN Group president and CEO Ralph Mupita met with Syrian…

Read More