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How Bank Zero generates revenue
Bank Zero founder Michael Jordaan said while they have no fees on many transactions, they make money through interest rate margins and interchange fees. On Tuesday, Bank Zero officially launched to the public, offering a bank account with no monthly subscription fee and lower transaction costs than transactional banking accounts. The bank does not have branches and
Six tips to help you get the most suitable credit for your needs
12 August 2021: The record low interest rates and reduced cost of credit gives consumers an opportunity to better manage their money by making smart decisions on credit. Philani Potwana, FNB CEO of Entry Market says, “in the last year, consumers who have credit that is linked to interest rates have benefitted from consistent rate cuts.
Stewart van Graan appointed as Altron's new chairman and finance chief
JSE-listed technology group Altron has made several changes to its board, including appointing a new chairman and a new executive director who will also serve as chief financial officer. Former Dell South Africa MD Stewart van Graan, who has served as a non-executive on Altron’s board since 2017, has been appointment chairman. Van Graan takes the chairmanship
Osino’s Namibian gold discovery looks to be a gem
Toronto-listed mining junior Osino Resources has just published a preliminary economic assessment (PEA) of its Twin Hills gold find in Namibia, and it’s a gem. For CEO Heye Daun and his team, what started out as a near hunch has turned into the largest discovery of gold in southern Africa in recent years, with a
Naspers invests R34-million in SA insuretech start-up Ctrl
Naspers, through its Foundry start-up investment business, said on Wednesday that it is investing R34-million in Ctrl, a digital short-term insurance marketplace that connects consumers, brokers and insurers on a single platform. It’s the first investment by Naspers Foundry in an “insuretech” business, and the deal takes its investment portfolio to six technology companies. The
Clubhouse is no longer invite-only
Clubhouse is going wide. Co-founders Paul Davison and Rohan Seth announced today that the app is no longer invite-only. Around 10 million people are currently on the waitlist, a spokesperson confirms, and they’ll slowly be added to the app over time. (Essentially, millions of users won’t be added today, but seemingly, if you attempt to
R1.35 quadrillion needed to prevent worst effects of climate change
Governments and companies will need to invest at least $92 trillion by 2050 in order to cut emissions fast enough to prevent the worst effects of climate change. That’s the latest forecast from analysts at BloombergNEF, who see that scale of spending as necessary to drive a rapid electrification of the global economy and slash
South Africa’s port systems remain offline after Transnet gets hacked
Transnet has been hacked, causing South Africa’s ports and freight rail services to grind to a halt. Supply chain management company ISS Global Forwarding announced on Twitter that it received information that Transnet was the victim of a cyberattack. All of Transnet’s systems are currently offline, ISS stated. The South African Association of Freight Forwarders
Apple to stop developing the iPhone mini: report
Apple will not introduce an updated version of its smaller iPhone mini smartphone next year, after it failed to become popular among consumers, Nikkei reported on Wednesday. Citing sources familiar with the matter, Nikkei said Apple from next year will only offer 5G-enabled iPhones and will revamp its budget handset after for the first time
ICASA needs four new councilors
Chairperson of the Portfolio Committee on Communications, Boyce Maneli, has called for members of the public and organisations to nominate suitably qualified people to fill four vacancies at the council of the Independent Communications Authority of South Africa (ICASA). “Three vacancies will be filled immediately, whereas the other one will be filled in January 2022
Telkom’s major improvement in the race for best network
Telkom has improved its mobile network over the last 12 months and is catching up to its competitors in its bid to become the best network in South Africa. Telkom placed third in the MyBroadband Insights Mobile Network Report over the last year and now has its sights set on the second position. Key to
Pick n Pay and Shoprite give their riot updates
The market has been waiting for updates from Shoprite and Pick n Pay on the damage from the riots last week. Updates have already been given by Woolworths and Spar, although the Spar update was weirdly only available as a press release rather than a SENS announcement.Pick n Pay A significant portion of the property
Truworths dragged down by UK business
Overall, Truworths managed to grow sales by 0.5% for the 52 week period to 27 June 2021. Credit sales comprised 52% of the total, slighted higher than in the comparable period. This may be a flat sales result overall, but there are significant swings in the underlying operations. The group has not provided an update
Understanding what data a business has is key to leveraging the ‘new oil’
Data has been described as the ‘new oil’ but are businesses doing enough to leverage this precious resource to grow their top line? Calling data the ‘new oil’ is arguably a misnomer given the value of data and its economic potential in the long term. As a critical resource it differs from oil quite significantly
Samsung launches 1,000-inch 16K TV
Samsung has released the 2021 version of its “The Wall” display, which can scale up to a massive 1,000-inch screen with a 16K resolution. The South Korean tech giant unveiled its first version of The Wall at CES in 2018, showcasing a unique modular design that allows multiple smaller screens to be snapped together to increase the overall
FNB encourages customers whose income is affected by unrest to claim from credit life insurance
20 July 2021 – As consumers in parts of KwaZulu Natal and Gauteng evaluate the impact of the unrest on their employment and household income, FNB is encouraging customers who have credit life insurance to consider claiming from their policies to minimise financial hardship. Raj Makanjee, CEO of FNB Retail says, “Credit life is a vital
Ticketpro Dome in Northgate sells to WeBuyCars owners
WeBuyCars, the biggest car-buying service in the country, is set to buy the Ticketpro Dome in Northgate. RX Venue Management, who managed the Ticketpro Dome for 20 years, announced yesterday that the Ticketpro Dome had been sold to new owners who do not operate in the event space. Although they could not name the new owners,
Microsoft hack blamed on Chinese government
The U.S., U.K. and allies formally attributed the Microsoft Exchange hack to actors affiliated with the Chinese government, and other nations are joining in that assessment, escalating last week’s tensions between the White House and China. The U.S. and a group of allies said Monday that the Chinese government has been the mastermind behind a
Apple releases iOS 14.7 just as MagSafe Battery Pack appears on shelves
Apple has released iOS 14.7, an update which lets iPhone 12 owners fully utilize the MagSafe Battery Pack, HomePod users manage timers from their phone, and more (via 9to5Mac). Arguably the update’s most exciting feature is one that adds support for new hardware: Apple’s recently announced MagSafe battery pack, which should soon be arriving at
Jeff Bezos to fly into space today for 11 mins – Join us for a livestream
Jeff Bezos will be accompanied by Wally Funk, an 82-year-old pioneer of the space race, Mark Bezos, his brother, and an 18-year old student, Oliver Daeman. The group will travel in a capsule with the biggest windows flown into space, offering stunning views of the Earth. Branson got to space first, but Bezos is due