Storm Set to Erupt Between SA e-Commerce Players, Banks

A major storm looks set to rock the South African online scene as some of the country’s largest e-commerce players square up against its biggest banking powers over online fraud detection. The heads of companies including Groupon South Africa, Takealot and uAfrica have formed an alliance expressing opposition to a new regulation which forces them

Michael Jordaan to Step Down as CEO of South Africa’s First National Bank

The Board of FirstRand Limited announced that Jacques Celliers will succeed Michael Jordaan when he steps down as CEO of First National Bank at the end of this year to spend more time with his family. Dr Jordaan, who has commuted for 5 years to and from his family home in Cape Town, first indicated