South Africa

South Africa is a country on the southernmost tip of the African continent, marked by several distinct ecosystems. Inland safari destination Kruger National Park is populated by big game. The Western Cape offers beaches, lush winelands around Stellenbosch and Paarl, craggy cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the city of Cape Town, beneath flat-topped Table Mountain.
South African Crypto Firm May Have Bilked $80 Million
South African Crypto Firm May Have Bilked $80 Million
May 25, 2018  |  Cryptocurrency

Count one more (alleged) cryptocurrency scam on the global stage. Reuters reported Friday that in South Africa, an investigation has been opened into a ruse...

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Bitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
Bitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
May 24, 2018  |  Bitcoin

Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. The cryptocurrency was $7,522.24 as of 8:03 p.m., according to CoinDesk. But bitcoin wasn’t...

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South Africans The Subject Of Another Data Leak
South Africans The Subject Of Another Data Leak
May 23, 2018  |  Security & Fraud

South Africa, following a massive breach in October 2017, suffered another attack, with the personal records of 934,000 South Africans being leaked. According to news...

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Naspers Sells 2% Stake In Tencent For More Than $10B Windfall
Naspers Sells 2% Stake In Tencent For More Than $10B Windfall
March 23, 2018  |  Earnings

Naspers, the South African media and internet company, is unloading 2 percent of its stake in China’s Tencent, giving it up to $11 billion in...

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Mastercard Buys Oltio To Bolster Digital Payments
Mastercard Buys Oltio To Bolster Digital Payments
March 07, 2018  |  Partnerships / Acquisitions

Mastercard announced news on Tuesday (March 6) that it has completed its purchase of Oltio, the mobile payments technology company from Standard Bank Group. In a...

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Can ‘Healthy Friction’ Help Build Consumer Trust?
Can ‘Healthy Friction’ Help Build Consumer Trust?
January 26, 2018  |  Security & Fraud

Friction isn’t a deal-breaker for mobile banking and payment apps. To be sure, too much friction can send users running back to the App Store...

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Banks Linked to South African Money Laundering Scandal
Banks Linked to South African Money Laundering Scandal
October 20, 2017  |  Bank Regulation

HSBC and Standard Chartered, the two U.K. banks, are facing a review by the country’s financial regulators and the Serious Fraud Office to determine whether...

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South Africa’s Biggest Data Breach A Mystery
South Africa’s Biggest Data Breach A Mystery
October 19, 2017  |  Safety and Security

In what may be South Africa’s largest data breach, hackers may have gotten away with extensive personal information, including ID numbers, income, marital status, employment...

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FinTech Startup Is Toppling Cash King In South Africa With mPOS
FinTech Startup Is Toppling Cash King In South Africa With mPOS
October 16, 2017  |  Retail

In South Africa, where cash still reigns and there are few signs of merchants and consumers moving away from paper and coin payments, small- and medium-sized...

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