Global losses from payment fraud have tripled from $9.84 billion in 2011 to $32.39 billion in 2020, according to Deutsche Bank’s 2021 report on the future of payments. And financial professionals are saying COVID-19 hasn’t helped matters, with 65% believing that the global pandemic is to blame for some...
 More than 18 months since the onset of COVID-19, Visa today announced the results of a study that tracks the impact of the pandemic on consumer attitudes and spending across Central and Eastern Europe, the Middle East and Africa (CEMEA). The COVID-19 CEMEA Impact Tracker reveals the impact of COVID-19...
Pick n Pay has launched its early online-only Black Friday deals and this year customers across South Africa can have these exclusive online deals delivered to their door as early as the same day. These exclusive online deals will run from 12 – 17 November 2021 and some of the...
Airtel Money has today launched the Airtel Money Mastercard virtual payment solution in Zambia, that allows all Airtel Money customers in the country, even those without a bank account, to make global e-commerce payments safely and securely, underpinned by a growing demand for digital payments. This forms part of Airtel Africa’s...
2021 has seen an immense ongoing acceleration and development of the payments industry, giving a strong overall boost to global e-commerce—it is predicted that e-commerce sales worldwide will reach $4.9 trillion by the end of this year. While the popularity of payments trends like Buy Now, Pay Later (BNPL), projected...
In an historic South African first, a spy “pen gun” once owned by anti-apartheid icon and former ANC President Oliver "OR" Tambo has been tokenized into a Non-Fungible Token (NFT). The spy pen gun is believed to have been gifted to Tambo by the East Germans, to help protect Tambo...
The ending weeks of October and most of November so far has been marked by on-again off-again load shedding from South Africa's power utility Eskom as a renewed power crisis takes hold of the Rainbow Nation. While SA had been under Stage 2 load shedding for the weekend, for most...
The COVID-19 pandemic has wreaked havoc on South Africa’s already fragile economy. Add to that the riots and looting, the cost of recovery and Eskom’s load-shedding, and the current picture is bleak. So where to from here? One sector that is important to rebuilding South Africa’s economy is the technology industry....
Netflix’s smash hit series Squid Game has prompted fans to create everything from reenactment videos to custom merchandise. The strangest creation by far, though, has to be SQUID, a crypto-asset inspired by the series. In less than a week, from 26 October to 1 November, SQUID’s price surged by over...
South Africa is headed for a dark weekend as Eskom has just announced Stage 4 load shedding from 14:00 on Friday until 05:00 on Saturday - thereafter Saturday will be under Stage 2 load shedding, which will continue until 05:00 on Monday morning. At 11:00 on Friday, the embattled utility...
Eskom, South Africa's power utility, announced that the country will be put under Stage 2 load shedding at 11:00, the announcement came about an hour before the load shedding was to begin. According to Eskom, three generating units at its Kendal power station were taken offline, and the remaining fourth...
Today, Amazon Web Services (AWS), an Amazon.com, Inc. company, announced that the first operational solar project it has enabled in South Africa has begun contributing renewable energy to the electricity grid. Located in the Northern Cape, South Africa's largest province, the 10 megawatts (MW) solar project will supply renewable energy...
Black Friday is the retail holiday in many countries across the globe. The phenomenon was popularised in the US as a means for retailers to sell enormous quantities of stock at lower prices, and it has proven to be a successful event year after year. In South Africa, the Black...
Airtel Africa and UNICEF have announced a new five-year pan-African partnership to help accelerate the roll-out of digital learning through connecting schools to the internet and ensuring free access to learning platforms across 13 countries. Airtel Africa, a leading provider of telecommunications and mobile money services in Africa, is the...
Eskom today has issued a warning to South Africa that load shedding could be implemented at short notice should any further breakdowns occur at its power stations, or if some of its generating units do not return to service as expected. The embattled utility has requested members of the public...
As the price of crude oil increases internationally and the rand weakens further, South Africa will see a sharp increase in its fuel prices across the country from Wednesday this week. The price of 93 and 95 Unleaded petrol will climb by R1.21 a litre, while the price of diesel...
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