Reserve Bank bets on PayInc to fix South Africa’s digital payments gap

Reserve Bank bets on PayInc to fix South Africa’s digital payments gap

PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc – previously BankServAfrica – be approved without conditions attached. The move radically changes the ownership structure of PayInc, the developer and manager of rapid…

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South Africa should be spared summer blackouts

South Africa should be spared summer blackouts

Eskom does not expect any load shedding this summer, according to energy minister Kgosientsho Ramokgopa. The so-called “unplanned capability loss factor” for summer has increased by 2GW to 15GW. Ahead of winter, the utility had warned if it was above 13GW, there would be a return to load shedding. “We are very bullish about the…

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Africa: World Cup Qualifier – Rwanda Not South Africa Is More Important for Super Eagles Now – Ndidi

Africa: World Cup Qualifier – Rwanda Not South Africa Is More Important for Super Eagles Now – Ndidi

Speaking from the Super Eagles camp, Ndidi, now at Turkish giants Besiktas after his summer move from Leicester City, gave insight into the team’s mindset. With Nigeria’s World Cup dream hanging by a thread, Super Eagles vice-captain Wilfred Ndidi has set the tone ahead of this weekend’s crucial qualifiers against Rwanda and South Africa, insisting…

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