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South African Court Orders PSG Wealth to Compensate Client for Cybercrime Fraud Losses
PSG Wealth Financial Planning has been ordered to pay a client more than R800,000 stolen by fraudsters through email cybercrime. The South Gauteng High Court in Johannesburg ruled in favor of Jan Jacobus Gerber, who sued PSG Wealth Financial Planning for the loss he sustained due to the unlawful electronic transfer of money intended for
Financial Regulator Set to Tighten Scrutiny on Transformation in the Industry, but Details Remain Scarce
The Financial Sector Conduct Authority (FSCA) has announced its intention to crack down on non-transforming companies, but has not provided any specific details on how it plans to do so. The regulator wants to scrutinize banks, insurers, and other financial institutions more closely in terms of their transformation progress, and it is calling for these
Coca-Cola's Efforts to Secure South Africa's Water Future
Coca-Cola has launched JAMII, an Africa-focused sustainability platform, to improve access to safe water and protect natural water resources. As part of the company’s 2030 Water Security Strategy, it aims to replenish 100% of the water it uses in its beverages by 2030. The Coca-Cola Foundation has launched four new projects that support water replenishment
Bigger rate hike impacts negatively for home and vehicle owners
On Thursday, the South African Reserve Bank (Sarb) announced a bigger-than-expected 50 basis points (bps) increase in the repo rate, taking it to 7.75% and pushing the prime lending rate of commercial banks to 11.25%. This is the ninth hike since the Sarb began its fight against stubbornly high inflation at the end of 2021,
Heathrow Security Staff Strike Set to Disrupt Easter Travel Plans
Heathrow airport will experience a ten-day strike by over 1,400 security officers in the Unite union, beginning on Friday. The strike is likely to affect operations at the airport during the Easter school holidays, with security staff at Terminal 5, which is only used by British Airways, and those who check cargo, participating. Despite eleventh-hour
Richemont Launches Enquirus, a Global Digital Platform to Combat Watch and Jewellery Theft
Luxury goods company Richemont has launched a digital platform called Enquirus, aimed at reducing the theft of watches and jewellery, as well as authenticating secondhand sales. The system allows consumers and brands to create an account, and then register their collection using the brand, serial numbers, and documentation uploaded to the digital vault. Enquirus’s database
Virgin Orbit to Lay Off 85% of Workforce and Cease Operations Due to Lack of Funding
Virgin Orbit, the rocket company founded by Sir Richard Branson, has announced that it will lay off 85% of its workforce after failing to secure new investment. The company will also halt its operations for the foreseeable future, as it faces financial difficulties. This news comes just weeks after the firm paused its operations in
Arc's iPhone Companion App: A Step Towards "The Web's Operating System"
Arc isn’t perfect, and it takes some getting used to. But it’s full of big new ideas about how we should interact with the web — and it’s right about most of them. The Browser Company's Arc, which has been described as an attempt to be "the web's operating system," is getting a companion app
South Africa's Eskom considers purchasing electricity from Karpowership plant in Mozambique
Eskom, South Africa's power utility, may purchase electricity from a Karpowership plant situated offshore Mozambique. The decision comes after Eskom rejected to sign agreements to procure electricity from the Turkish company's facilities that were planned to be moored off the South African coast. The new plant, which is being mounted on a ship located in
Moti Group CEO Zunaid Moti Steps Down to Make Way for Dondo Mogajane
Zunaid Moti, the outgoing CEO of the Moti Group, has announced that he will be stepping down from his position to make way for Dondo Mogajane, the former director general of National Treasury, who was appointed as the new CEO of the Moti Group in June 2022. Moti has been leading the group for nearly
3CX customers targeted via trojanized desktop app
Several cybersecurity companies have issued warnings after the official Windows desktop app of the popular 3CX softphone solution was found to have been trojanized by suspected state-sponsored threat actors. 3CX is Voice over Internet Protocol (VoIP) software used for video conferencing and live chat, which is offered in Windows, macOS, Linux, Android, and iOS versions.
SA Airports See Air Traffic Navigation Procedures Suspended Over Noncompliance
Several airports in South Africa have been affected by the suspension of air traffic navigation procedures due to non-compliance with regulations. The South African Civil Aviation Authority (SACAA) confirmed that the Air Traffic and Navigation Services (ATNS) was audited in accordance with SA Civil Aviation Regulations, during which non-compliance with maintaining each flight approval procedure
The Benefits of Paying Business Bills with a Credit Card
Managing finances as a business owner can be challenging, but it is essential to maintain your company's financial stability. Paying your bills with a credit card is one way to manage expenses and offers several benefits that can improve your cash flow and overall financial health. One of the primary advantages of paying your business
Orbeon Protocol Emerges as Top Contender in Blockchain Space, Leaving Cardano and Solana Behind
Cryptocurrencies have become an exciting space for investors and traders alike, as it offers an opportunity to be a part of innovative blockchain projects that can potentially disrupt traditional financial systems. Among the various blockchain networks, Cardano (ADA), Solana (SOL), and Orbeon Protocol (ORBN) have been gaining popularity. In this article, we will analyze these
Upward Trend Forecasted for North Coast Property Prices by Local Experts
According to local property experts, the North Coast's buoyant development sector is expected to continue trending upwards despite economic pressures at the national level. At a recent property panel discussion hosted by Pam Golding Ballito and chaired by David Cameron, co-owner of the agency, the resident experts were Brian Wright, the founder of the Ballito
Your Ultimate Guide to Choosing the Right Homeowners Insurance Company
Choosing the right homeowners' insurance company is crucial for protecting homes and personal belongings from unforeseen circumstances like fire, theft, or natural disasters. With so many insurance providers available, it can be challenging to determine which company is the best provider for homeowners' needs. In this guide, we will explore key factors to consider when
Eagle Towers Secures R100M Loan to Bridge South Africa's Digital Divide
South African infrastructure investment firm, Infra Impact Investment Managers, has secured a ZAR 100 million senior secured loan facility for its portfolio company, Eagle Towers. Eagle Towers is a company that constructs, operates, and maintains telecommunications towers across South Africa, with a particular focus on rural areas. The company's goal is to bridge the digital
5G Coverage Expands in South Africa, but Load-Shedding and Battery Theft Remain Obstacles for Operators
South Africa’s major mobile network operators have been expanding their 5G networks, with the technology now available through most operators in most of the country’s major metros. MTN, Rain, Telkom, and Vodacom have provided updates on their 5G coverage. MTN has 1,568 5G capacity sites in South Africa, with most of them focused in the
Sky Lowers Price of Glass Deal to £14 and Offers Three Months Free of Sky TV and Netflix Following Amazon's Fire TV Launch
Sky has responded to the launch of Amazon's new Fire TVs in the UK by reducing the price of its popular Sky Glass product to £14 per month. The move follows the release of Amazon's new Fire TV range, which includes the Omni QLED Series, Fire TV 4-Series and Fire TV 2-Series. All three products
Evolution Digital and OpenSync integrate on first Android TV Set-Top Box
Evolution Digital, a leading provider of integrated video products and whole-home Wi-Fi offerings, has announced the integration of OpenSync, the fastest-growing open-source framework for home networks, onto its EVO FORCE 1 set-top box (STB). EVO FORCE 1, which is powered by Android TV, is the first Android TV STB to make the OpenSync framework available.