A federal appeals court ruled this week that President Donald Trump doesn’t need to pay an $83 million defamation award to writer E. Jean Carroll until the Supreme Court either reviews the case or decides to pass on it. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The…
Financial fraud presents a direct reputational exposure for listed companies. Financial fraud is no longer a peripheral concern for large organisations. It sits on audit committee agendas, features in board risk registers and has become a direct reputational exposure for listed companies. The question for CFOs and their teams is not whether controls are needed,…
Rory Bosman, executive for sales and marketing at Ecentric Payment Systems. The South African informal economy is surrounded by estimates. The economy itself is estimated to be worth around R900 billion, with spaza shops sitting at the heart of this thriving retail sector. The estimated 150 000 spaza shops operating around the country are contributing…
No consumer data was breached after hackers gained access to “sensitive” technical information, says Lesaka. (Source: Lesaka) JSE-listed Lesaka unit Adumo is assuring its clients that no consumer data was breached during a cyber attack that apparently resulted in thousands of files being made available for sale on the dark web. Website dailydarkweb.net reports that…
Interswitch Group, has reaffirmed its commitment to advancing a seamless and inclusive financial ecosystem across the African continent by advocating for a trust-driven infrastructure that will boost Africa’s cross-border payment. The company made the call during its recently concluded Inclusive Fintech Forum 2026, which held at the Kigali Convention Centre, in Rwanda. Speaking during the…
Orca Fraud has raised $2.35 million in seed funding to expand its real-time fraud monitoring platform across Africa and other emerging markets. The round was led by Norrsken22 with participation from OneDayYes, Enza Capital and CV VC Africa. Founded by Thalia Pillay and Carla Wilby, the company provides software that monitors financial transactions in real…
NjiaPay has raised $2.1 million in seed funding to expand its payment orchestration platform across Africa, which was led by Newion. The company said the capital will be used to expand engineering and commercial teams, strengthen integrations and scale operations across the continent. NjiaPay was spun out of Talk360 in Dec. 2024 as a standalone…
Electricity has been restored to the Nigerian High Commission in Pretoria, South Africa, after the diplomatic mission settled outstanding municipal service debts, the City of Tshwane announced. The power supply was disconnected on Monday by the City of Tshwane as enforcement action over unpaid utility bills owed by the Nigerian High Commission. The move was…
Mpho Sadiki, MD for Payfast Whereas merchants and industry usually push digital innovation, consumers are driving merchants to innovate in online payments. The proliferation of digital tools is upending the online payments space, with consumers now driving the pace of innovation by forcing merchants to adopt their preferred payment methods instead of the other way…
Graphic: Xsolla Xsolla, a global video game commerce company that helps developers launch, grow, and monetize their games, today announced the expansion of Airtel Mobile Money as a local payment method to include Tanzania and Madagascar. This growth builds on Xsolla’s existing Airtel Mobile Money coverage in Africa, extending secure, mobile-first checkout experiences to more…
