The open banking divide in South Africa

The open banking divide in South Africa

Standard Bank Group’s Simon Just Standard Bank has come out in defence of a market-led approach to open banking in South Africa that the Reserve Bank recently criticised, while the fintech industry is calling for more regulation. In March, the Reserve Bank released a working paper (PDF) arguing that South Africa’s market-driven approach to open…

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OpEd: UK just levered open multicloud in the precedent SA needed

OpEd: UK just levered open multicloud in the precedent SA needed

ITWeb contributor Phillip de Wet. Two years ago, the Department of Communications and Digital Technologies (DCDT) nearly nailed the problem. The 2024 National Policy on Data and Cloud tasked the Competition Commission to “identify proactive preventative measures to ensure a fair and competitive market”, and demanded transparency from cloud operators “regarding data portability and interoperability…

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Trump says Iran war will still take weeks, oil prices rise with no plan to open Strait of Hormuz

Trump says Iran war will still take weeks, oil prices rise with no plan to open Strait of Hormuz

Israel’s military said Thursday that it had struck “dozens of headquarters, weapons storage facilities, launch sites, and anti-tank missile positions” belonging to the Iranian-backed Hezbollah group in Lebanon over the last 24 hours.  The IDF said it would continue to “operate decisively against the Hezbollah terror organization” in Lebanon “to remove the threat posed to…

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Entries Open for the KZN Top Business Awards 2026

Entries Open for the KZN Top Business Awards 2026

Entries are now officially open for the KZN Top Business Awards 2026, brought to you by Standard Bank and the Women of Africa Group, and supported by East Coast Radio. The KZN Top Business Awards celebrate the innovation, resilience, and success that define KwaZulu-Natal’s regional economy. These prestigious awards recognise the businesses and individuals whose…

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Apple plans to open Siri to rival AI services

Apple plans to open Siri to rival AI services

Apple plans to open its Siri voice assistant to rival AI services beyond its current partnership with ChatGPT, according to a report. The move, expected as part of Apple’s iOS 27 update, would allow third-party AI apps to integrate directly with Siri, allowing users to route queries to services such as Google’s Gemini or Anthropic’s…

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Open banking is growing in South Africa

Open banking is growing in South Africa

A new paper by the Reserve Bank argues that South Africa’s market-driven approach to open banking is limited in its reach. In fact, it risks entrenching the same socioeconomic barriers that have locked large sections of the population out of the financial system. The newly published working paper (PDF) argues that a regulated approach is…

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