financial

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Net1 may have understated SASSA contract profits

An independent report claims Net1 underestimated the pre-tax profits of CPS's SASSA contract by between R214.2 million and R614.4 million.

An independent report claims CPS has not disclosed the full extent of its profits from its unlawful contract with SASSA.

Financial

i-Pay plans to expand after R10m cash injection

The local fintech firm will use the funds to hire more staff and expand into other growing markets.

Reuters

Tesla's unfettered ambition will drain finances

The firm may have to ask for more capital to fund development of its new range of electric heavy-duty trucks and sedans, say analysts.

Reuters

Traditional banks should help govern fintech

The US Federal Reserve's governor calls for tougher governance on online financial companies to protect consumers.

Reuters

Swiss bank to launch Bitcoin futures

Vontobel gives investors a tool to bet against the value of the volatile crypto-currency or to hedge Bitcoin positions.

Computing

Fujitsu develops security tech to safely connect blockchains

ConnectionChain is a security technology that safely executes exchanges and payments in different virtual currencies.

Financial

Capital Appreciation sees strong profit growth

The South African fintech company reported a 124% increase in interim profit after tax, while HEPS grew 87%.

Reuters

Tencent to focus on digital content after stellar third quarter

The Chinese Internet giant, in which SA's Naspers has a stake, will invest more in digital content after its Q3 profit surpassed expectations.

Reuters

Square tests Bitcoin buying and selling

The payments company says its clientele shows an appetite for the "alt-currency".


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