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Top South African payment gateways support the launch of SID 2.0

Leading South African payment gateways have partnered with secure online payment service SID Instant EFT to release the new and improved SID 2.0 to e-commerce businesses across the country...

Issued by SID Instant EFT 24 May 2016

EFT is making a comeback, says PayU EMEA executive

The Electronic Fund Transfer (EFT) may be one of the older payment methods on the block, but thanks to fraud and crime it is experiencing a revival...

23 May 2016

Reeza Isaacs named CFO of the Year

Reeza Isaacs, group finance director of retailer Woolworths Holdings, has been named South Africa's CFO Of The Year at the 2016 CFO Awards...

17 May 2016

Wal-Mart sues Visa over chip cards in US

US retail giant Wal-Mart is suing Visa to give customers using chip-enabled debit cards in its US stores the right to punch in a PIN code...

13 May 2016

New device enables SMEs and start-ups to process card payments cheaply

A partnership between home-grown fintech-preneurs and one of South Africa's largest discount retailers is set to help small businesses by allowing them to transform their phone into a secure mobile Point of Sale (mPOS) terminal...

11 May 2016

Practical steps to making a franchise commitment

To many entrepreneurs a franchise offers a secure opportunity for getting into business on their own. The headaches associated with identifying a site, shopfitting, training and even marketing...

11 May 2016

SA's consumer credit health plummets

Higher inflation and interest rates are having an adverse effect on the credit health of South Africans, according to TransUnion's Consumer Credit Index (CCI). The CCI decreased in Q1 2016 to 46.1, down six points from 52.1 the previous quarter...

6 May 2016

Bidvest food division expects 'good' FY results

Industrial group Bidvest said on Thursday that trading conditions across its soon-to-be listed food services unit were positive and expected good results in the year to June...

6 May 2016

AB InBev takes a knock from falling sales in Brazil

Anheuser-Busch InBev, the world's biggest brewer that is in the process of acquiring SABMiller, missed earnings estimates for the first quarter, hit by currency fluctuations and lower sales volumes in Brazil, its biggest market.

5 May 2016

MillerCoors shows first-quarter growth in total sales

SABMiller's US joint-venture MillerCoors total sales grew 2.3% to $1.82bn in the March quarter compared to the same period last year...

5 May 2016

RMB Holdings acquires stake in Mall of Africa developer, Atterbury

RMB Holdings (RMH) has diversified its banking interests to the commercial property market by acquiring a 25.01% stake in Mall of Africa developer Atterbury...

By Joan Muller 4 May 2016

Good outlook for local food companies, despite pressures

South African food producers are keeping their heads above water, despite constrained consumer spending, the weak rand and the country's worst drought in decades...

By Fifi Peters 4 May 2016

SimbaPay raises single money transfer limit to $45,000

SimbaPay has announced that it has raised its single transaction limit from $3,000 to $45,000. According to Victor Karanja, head of operations of SimbaPay: "A pain point for customers in the past has been having to undertake multiple transfers to complete a single purchase. A key risk with multiple transfers was exchange rate fluctuation. Sending up to $45,000 with just our mobile app will protect senders from the fluctuation that arises when one splits up the transfer."

4 May 2016

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