South Africa's first alternative exchange, ZAR X.

South Africa’s first alternative exchange- ZAR X

February 23, 2017 • Finance, Southern AfricaComments (0)

On Monday the 50-year long monopoly enjoyed by the JSE (Johannesburg Stock Exchange) ended as South Africa’s first alternative exchange- ZAR X made its debut with the listing of agri-business Senwes and its holding company Senwes Beleggings (Senwesbel) according to a report by MoneyWeb. A report by Fin24 stated that since 1958 when the Union Exchange...

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South Africa’s Minister of Finance Pravin Gordhan (image: World Economic Forum)

SA Budget- R1.9bn allocated for widespread internet access

February 23, 2017 • Finance, General, Southern Africa, Top StoriesComments (0)

In a bid to increase internet penetration in South Africa,  Finance Minister Pravin Gordhan has announced in the 2017 Budget Speech, that the Ministry of Telecommunications and Postal Services is set to receive R1.9bn over the medium term to invest in...

Rob Cooper, Tax expert and Director of Legislation at Sage. (Image Source: Money Marketing)

Pravin Gordhan’s Budget pulls off a balancing act

February 23, 2017 • Finance, General, Opinion, Southern AfricaComments (0)

Budget Speech 2017/18 cushions the blows of a weak economy for the poor and asks the wealthy to pay more. With the South African government facing a R28 billion shortfall in tax revenue collection, Budget Speech 2017/18 was never going to have much good news...

TransferWise services are still only  available in the United States, Australia, Europe and Canada.

TransferWise joins Messenger to enable users to transfer money internationaly

February 22, 2017 • Finance, Online & Social, Top StoriesComments (0)

Facebook users in the United States, Canada, Australia and Europe can now use Facebook Messenger to send and receive money. TransferWise, a money transfer company launched the service on the Facebook chat application. The feature can also be used to set up...

5 African Blockchain Companies.

5 African Blockchain Companies to watch

February 21, 2017 • Finance, Lists, Top StoriesComments (0)

Blockchain is undoubtedly one of the hottest topics in the tech industry. When people think of Blockchain their initial thought lean towards cryptocurrencies and fintech; it is however far more than just a new payment system. Blockchain can potentially...

Richard Beddow, CEO of ForexPeople

Forex intermediaries – an alternative for forex dealings

February 21, 2017 • Finance, Opinion, Southern AfricaComments (0)

Unfortunately, if you thought 2016 was a wild ride, it is likely to just have been the opening salvo before more upheaval. The foreign exchange market is set to be even more volatile in 2017 than before. Thanks to the Trump election, Brexit, possible populist...

Financial institutions to benefit from faster and easier access to global foreign exchange markets via new BT Radianz FX express.

BT links up 5 biggest foreign exchange markets

February 21, 2017 • Cloud Computing, Finance, Software, Top StoriesComments (0)

BT (British Telecoms) has announced that it will be linking up the world’s five main foreign exchange (FX) locations to help boost the competitiveness of its global financial industry customers. The company will now be offering BT Radianz FX express,...

Dave Glass, Electrum Managing Director.

Electrum to simplify Value Added Services

February 20, 2017 • Cloud Computing, Finance, Southern Africa, Startups, Top StoriesComments (0)

In a bid to boost revenue by hundreds of millions of Rands, retailers are increasingly selling virtual products and services known as Value Added Services (VAS). However, it is not as simple as selling normal stock as VAS which includes products such as;...

Charles Pittaway, Managing Director of Sage Pay.

How supporting digital wallets can help your small business to grow

February 18, 2017 • Finance, OpinionComments (1)

More than half (52%) of South African Internet users are eager to make mobile payments, according to market research from GfK. That means that small merchants that are not yet putting payments systems in place that support digital wallets are missing a trick....

TerraPay joins forces with MoneyTrans and Paga to make cross border remittance easy between Europe and Nigeria.

From Europe to Nigeria, easy cross-border remitances

February 17, 2017 • Finance, Mobile and Telecoms, Top Stories, West AfricaComments (0)

TerraPay, a mobile international payment network, has announced that it has partnered with MoneyTrans, a leading Money Transfer company established in Europe and Africa as well as Paga, Nigeria’s pioneering payments and financial services company, to launch...

Safaicom Limited is now  is updating its mobile money transfer service, M-Pesa to be transparent. (image: Wikimedia)

Kenya: Safaricom makes M-Pesa more transparent

February 17, 2017 • East Africa, Finance, Online & Social, Top StoriesComments (0)

Traditional and mobile banking institutions have been urged to be transparent in their dealings by the business regulator, Communications Authority of Kenya (CA). This, according to, has resulted in Safaricom Limited updating mobile money...

Competition Commission prosecutes SA banks for collusion.

Twitter reacts to SA banks collusion

February 16, 2017 • Finance, Online & Social, Southern Africa, Top StoriesComments (0)

On Wednesday afternoon, South Africa’s Competition Commission announced that they would be referring a case involving 17 banks to the Competition Tribunal; this after said banks were accused of carrying out acts aimed at manipulating the value of the...

(Right) Shiona Blundell, Head of Banking, Africa, Wipro Limited and (Left) Gavin Holme, Business Head, Africa, Wipro Limited.

The real ‘digital opportunity’ in banking

February 16, 2017 • Finance, OpinionComments (0)

For most of us, banking is a ‘grudge purchase’. We don’t wake up in the morning and look forward to paying accounts, drawing cash from the ATM, or buying airtime. Our interactions with our bank’s call centres or branch staff generally relate to some...

The crowd at Blockchain Africa Forum.

What is Blockchain?

February 16, 2017 • Finance, Top StoriesComments (1)

Deloitte hosted the Blockchain Africa Forum on the 15th of February at their offices in Woodmead, Johannesburg. Deloitte brought in their Blockchain experts from their Grid EMEA Blockchain Lab in Ireland to help de-mystify one of the most controversial and...

Digital payment solution fosters higher level of inclusion for MSME's in East Africa. (image: shutterstock)

Mastercard to empower 150 000 MSME’s in Kenya

February 14, 2017 • East Africa, Finance, Online & Social, Top StoriesComments (0)

Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR. The mobile driven, Person-to-Merchant payment solution will be introduced through various financial...

Brian Richardson, CEO and founder of WIZZIT International.

Changing the face of banking, Brian Richardson of Wizzit

February 9, 2017 • Finance, People, Southern Africa, Top StoriesComments Off on Changing the face of banking, Brian Richardson of Wizzit

Brian Richardson, CEO and Founder of Wizzit International, sat down with IT News Africa for an exclusive interview on the future of banking on the African continent as well as the biggest digital disruptions that could affect banking in 2017. Wizzit...