Zuma’s second term cost SA R470bn

President Jacob Zuma’s second term cost SA’s economy R470-billion, Nedbank chief economist Dennis Dykes told Business Day on Tuesday. The former president is said to have cost SA the following during his second term: R470bn of GDP stemming from corruption,...

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Researcher reveals Eskom data leak

By Charlie Osborne for Zero Day  In what may be a case of “if we ignore it, it will go away,” South Africa’s largest electricity company has become the subject of the public exposure of customer data after ignoring researcher pleas to resolve the...

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Standard Chartered pleads guilty to manipulating the rand

Source: IOL  The Competition Commission in South Africa said it has noted an agreement between Standard Chartered Bank and the New York State Department of Financial Services where Standard Chartered pleaded guilty to currency manipulation. The Competition Commission...

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US charges Huawei for trade secret theft, fraud

By Abrar Al-Heeti for C-NET The US Department of Justice on Monday charged Huawei with theft of trade secrets, wire fraud and obstruction of justice. A 10-count indictment alleges that China’s Huawei stole trade secrets from US carrier T-Mobile beginning in...

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EOH shocked by its inclusion in Eskom statement

By Robert Laing for Business Day  Techology group EOH issued a Sens announcement on Wednesday objecting to a statement that Eskom issued on Tuesday, which sent its share crashing as much as 16% to an intra-day low of R26.35. EOH was listed twice in 14 reportable...

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772m leaked e-mail addresses part of something much bigger

By Jack More for Mashable  They wouldn’t have numbered it if it was the only one. On 16 January, security research Troy Hunt uploaded a massive cache of leaked e-mails and passwords to his invaluable website have i been pwned. The 87GB dataset, dubbed...

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Regulator talks to Absa about bank fraud complaints

By Angelique Arde for Business Live Absa is tight-lipped about its meeting this week with the banking regulator about how the bank handles cyber risks. Caroline da Silva, head of regulatory strategy at the Financial Sector Conduct Authority (FSCA), told Money that the...

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Man swindled out of R3.1m after SIM swap

By Shanice Naidoo for IOL A Bloubergstrand man had his Absa business account swindled out of R3.1 million while he was in Miami for two months. Feruccio Ferucci left Cape Town in October without suspecting that his banking information had been stolen. Around the end...

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How the ANC broke Eskom

Source: MyBroadband Eskom was once so successful that it was supplying more than half the electricity in Africa. However, years of corruption, incompetence and political meddling has brought Eskom to its knees, and it is now begging for bailouts to stay afloat. The...

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Anti-counterfeit guide for HP Channel Partners

Throughout EMEA, counterfeiters try to illegally profit from the good reputation of original HP products. Protect your business as well as your customers from their illegal schemes with these tips: Click here to download...

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