The Postbank system is used to pay almost R100 billion in social grants to more than 15 million South Africans annually.
Customers' funds were in no way compromised by the incident, says the Post Office.
The company pays R13.2 million to buy out its empowerment partners.
SA's IT services market will exceed R40 billion in 2012, says IDC.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The Gauteng Freeway Improvement Project should be funded by all South Africans, not just Gauteng residents, says a leasing association.
The company will invest the loan in its Ghana operation to upgrade and build new towers.
Shareholders are set to vote in the next few months.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The country will use newly developed technology to calculate the national inflation rate to improve efficiency and transparency.
Growth and stabilisation of the group's revenue in the new year is anticipated to come on the back of its fixed-line platform.
The two parties will also conclude a five-year distributor agreement, as part of the deal.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
The government unveils a standard to help reduce healthcare administration costs.
The State Bank of Pakistan calls on banks to develop an effective SME strategy to encourage sector growth.
The company buys back 10% of its shares from Amabubesi at a discount price.