News that MTN Group is facing an investigation by a US grand jury sent its shares tumbling 9% on Monday.
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MTN Group has disclosed that it is now the subject of a grand jury investigation by the US department of justice.
MTN Group has swung to a half-year profit as economic conditions and forex rates showed improved stability.
Standard Bank has warned of a rise of “spoofing” scams, where where fraudsters use AI to impersonate bank officials.
Absa Group’s IT spend for the six months to 30 June reached R8.2-billion as it ramped up spending on security and AI.
Market consolidation in South Africa’s telecoms sector is “long overdue”, MTN Group CEO Ralph Mupita has said.
Stricter and more widespread use of biometric authentication by mobile operators could help reduce the growing Sim-swap fraud menace in South Africa.
World News
Global share markets came under pressure on Wednesday after a tech-led selloff on Wall Street.
Google agreed on Monday to pay a A$55-million fine in Australia after the consumer watchdog found it had hurt competition.
Meta is planning its fourth overhaul of artificial intelligence efforts in six months, The Information has reported.
The move that could benefit Elon Musk’s SpaceX and other private space ventures.