KZN publishers and stationery providers rail against LTSM

By Sne Masuku for IOL Black publishers and stationery service providers in KwaZulu-Natal have criticised the provincial Department of Education for awarding its R263-million stationery/textbook contract to one company to distribute these items to all public schools in...

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How to find out if Facebook shared your data

By Alex Hern for The Guardian  Facebook has started the process of notifying the approximately 87 million users whose data was harvested by the election consultancy Cambridge Analytica. The social network eventually hopes to inform every user who was affected with a...

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Stock losses, fraud not top-of-mind in SA

South African businesses need a different mindset to address ongoing stock losses and fraud. In the absence of a “proper” risk mitigation plan and loss control blueprint, South African business owners will never really address the critical levels of theft...

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Afrihost: the data breach that didn’t happen

Fin24 recently publishing article with the headline: “Massive Afrihost security flaw exposed”. The article stated that “a massive security flaw” left the ADSL credentials of users vulnerable. The situation was brought to light by a Durban software expert,...

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SARS Commissioner suspended with immediate effect

By Sifiso Zulu for EWN President Cyril Ramaphosa has suspended Tom Moyane as South African Revenue Service (SARS) Commissioner with immediate effect. The Presidency says Ramaphosa met with Moyane on Monday to inform him of his decision after reports that the now...

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Zuma spent R15.3m of taxpayers’ money to avoid prosecution

Former President Jacob Zuma spent R15.3-million in his battle to avoid prosecution – all funded by the taxpayer. President Cyril Ramaphosa disclosed this information to the Democratic Alliance on Tuesday‚ in a bid to settle legal action bought by the party over...

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South Africans hit by massive Bitcoin scam

Over 27‚000 cryptocurrency investors have fallen victim to one of the biggest Bitcoin scams to hit South Africa, TimesLive reported. Hawks spokesman Captain Lloyd Ramovha confirmed the commercial crimes unit was investigating complaints against BTC Global‚ a company...

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Standard Bank denies Gupta business rescue links

Standard Bank has denied that it has opened a bank account associated with the Gupta family. It was reported earlier on Tuesday that the top-4 bank had agreed to open bank accounts for business rescue practitioners controlling seven Gupta companies. However, Standard...

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Gordhan vows to reverse state capture tide

New Public Enterprises Minister Pravin Gordhan on Tuesday revealed that his immediate focus would be on revitalising state-owned entities (SOEs) and reversing the tide of state capture that has gripped key sectors of the economy. The appointment of new boards at...

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Self-proclaimed Bitcoin creator accused of stealing $5bn

Craig Wright, the self-proclaimed inventor of Bitcoin, is accused of swindling more than $5-billion worth of the cryptocurrency and other assets from the estate of a computer-security expert. Wright, who claimed in 2016 that he created the computer-based currency...

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Is this loadshedding, revisted?

Eskom has been dogged by allegations of corruption and mismanagement, and this is showing in its expected financial results over the short and medium term. In addition, two of Eskom’s suppliers of coal – namely, two Gupta mines – have stopped...

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Takealot guilty of “fake” prices

The Advertising Standards Authority of South Africa (ASA) has found Takealot guilty of selling products at higher prices than what it advertises the goods for. In a recent sponsored Facebook promotion, Takealot advertised DKNY perfume at R369 – a saving of 62% on the...

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