SIM cards purchased by ITWeb that had already been illegally registered with networks. (Image by Nicola Mawson) Even as South Africa gears up to be delisted from the Financial Action Task Force (FATF) grey list, a major issue persists because of the availability of illegally registered SIM cards that are used in various crimes, including…
Standard Bank Group CEO Sim Tshabalala. Luc Gnago/Reuters Standard Bank Group said on Thursday that its CEO, Sim Tshabalala, would retire towards the end of 2027 in line with its leadership succession planning. The announcement comes after the bank reviewed its retirement age for executives and decided to increase the normal age from 60 to…
In South Africa, Sim swap fraud has become one of the most damaging threats for both individuals and businesses. Criminals hijack your mobile number by fraudulently transferring it to a new Sim card, letting them intercept calls, SMS-based one-time Pins, and even compromise banking or social media accounts. For businesses, the fallout can be catastrophic:…
