Source: MyBroadband The person behind the recent Absa data breach was a credit analyst at the bank who had access to risk modelling systems and sensitive client information. The employee, who Absa said they trusted, leaked the client data to an external platform and...
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Credit analyst responsible for Absa data breach
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Small businesses get 46% Black Friday boost
Source: Gadget.co.za In proprietary data released by South African payments provider, Yoco, small businesses experienced a 46% increase in card transaction volume on Black Friday, compared to the average volume processed on a Friday after payday. In the build-up to...
Amazon boasts of ‘biggest holiday season’ ever
By Jon Porter for The Verge Amazon says it has just had its “biggest holiday season to date” as customers turned to the site to shop rather than venturing out to physical stores. Although CNBC notes that the company did not share actual sales figures for either Black...
Dell, HP report sales boost on pandemic PC surge
By Nico Grant for IOL Dell Technologies and HP reported quarterly revenue that topped Wall Street estimates, lifted by customer upgrades of personal computers for remote work and school during the pandemic. Dell’s sales climbed 2.8% to $23.5 billion in the...
Absa suffers data breach
By Dhivana Rajgopaul for IOL Absa has laid criminal charges against the employee behind the data breach that resulted in clients’ personal information being leaked to third parties. “Absa has brought criminal charges against the employee, and internally the requisite...
What South Africans bought this Black Friday
Black Friday 2020 sales volumes in South Africa were higher than last year, but the growth was far lower than expected. The follow are highlights of the day: 2020 was very different from previous years, as purchasing activity did not start at midnight Sales volumes...
UK retail giants collapse
By David Meyer for Fortune Just as the coronavirus pandemic forced big U.S. retail names such as J.C. Penney and Neiman Marcus into bankruptcy, it is now wreaking similar havoc in the U.K. On Tuesday, the Debenhams department store chain collapsed, possibly spelling...
Stand firm on your pricing – and don’t offer discounts
By Mike Anderson, founder and CEO of NSBC As a business owner you’ve probably been asked to give a discount. How did that make you feel? Your response to that request is critical to the sustainability of your business – as well as to your confidence. Because...
South African students will get an extra 5% to stop them failing
By Bradley Prior for MyBroadband The government has instructed South African schools to give Grade 4 – 9 learners up to 5% extra marks for up to three subjects if this will help them pass the 2020 academic year. This is an increase over the extra 2% which was...
How Covid-19 has changed the cost of back-to-school 2021
By Kerry Sutherland for BizCommunity Following a year dominated by Covid-19, with its knock-on economic effects, back-to-school 2021 looks different from previous years. Salary cuts and retrenchments have affected many South Africans, and as a result, many parents...
Tips to survive Black Friday
By Chad Williams for IOL With South African shoppers eagerly awaiting the release of arguably the best shopping deals on Black Friday, with all that has happened this year, the burning question is: how will retailers manage the influx of shoppers, bearing in mind that...
Online sales boom expected on Black Friday
By Estelle Sinkins for The Witness Online retailers are expecting a boom on Black Friday after health experts appealed to shoppers to avoid crowds at shopping centres. Nicolet Pienaar, the head of market insights at trends analysts GfK South Africa, said retail chains...
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