By Lisa Eadicicco for Business Insider US LG is officially bowing out of the smartphone market. The South Korean tech giant announced on April 5 that it’s exiting the “highly competitive” smartphone business by closing its mobile unit, signaling the...
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Why LG killed its phone business
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Four in 10 SA ransomware victims pay up
Source: OFM More than 40% of victims of ransomware attacks in South Africa pay the cybercriminals responsible to try to secure or recover their data. But in many cases, the crooks simply disappear with the money. This is according to a new report from security firm...
What POPI compliance means for your business
By Wendy Tembedza for Webber Wentzel All businesses with employees, customers and suppliers must comply with POPIA, which comes into effect on 1 July 2021. Here’s a practical guide to the most important aspects. With the commencement date of the Protection of...
Half a billion Facebook users’ data breached
By Jordan Valinsky for CNN Business Over the weekend, cybersecurity experts revealed that about half a billion Facebook users’ personal information was breached – a treasure trove of data the includes full names, birthdays, phone numbers and their...
Oracle threatens Eskom over R400m bill
By Roxanne Henderson for Bloomberg Eskom Holdings has taken steps to protect its operations from disruptions after a contractual dispute with Oracle Corp.’s South African unit put its technical support services at risk. The state power utility confirmed on Monday that...
Insurers can fire you as a client for over-claiming
By Jan Vermeulen for MyBroadband If you file too many claims against your car insurance policy, your insurer may fire you as a client and note the fact that they cancelled your policy in the national Insurance Data System (IDS). Finding an alternative insurance...
Bezos, Musk top Forbes’ record-setting billionaire list
By Sheila Dang for Reuters / IOL Forbes’ annual world’s billionaires list includes a record-breaking 2,755 billionaires, with Amazon.com founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the...
Pain at the pumps after record increase
By Shamiela Fisher for EWN The price of petrol goes up by a rand at midnight while diesel increases by between 63 and 65 cents a litre. This record increase in the price of fuel will see them pay about R17 for a litre of petrol. The mineral resources and energy...
SABC to retrench more than 600 staff
By Ntombi Nkosi on IOL It was a sad day for 621 employees from the South African Broadcasting Corporation (SABC) after it announced that it’s going ahead with retrenchments. The broadcaster said in a statement that the monumental retrenchment process was due to its...
Chinese e-hailing service to challenge Bolt, Uber in SA
Source: Business Insider SA China’s leading e-hailing service is expanding into South Africa, challenging a market dominated by Bolt and Uber. The official launch, which brings DiDi Chuxing to Cape Town, follows a successful pilot programme conducted throughout March...
SARS looking for IT professionals to improve tax system
By Hanno Labuschagne for MyBroadband The South African Revenue Service (SARS) has announced hundreds of vacancies for skilled workers across various fields as part of its plan to modernise its tax compliance systems with new and evolving technologies. “SARS is...
TymeBank surpasses the 3m customer mark
Source: ITWeb TymeBank has reached the three-million customer milestone, as the digital-only bank increases its kiosks at Pick n Pay and Boxer stores across SA to 700. Having launched in February 2019, TymeBank bills itself as one of the world’s fastest-growing...
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