ZTE pays out $892-million in US settlement

ZTE has entered into a global settlement with the US government regarding its historical conduct relating to US export controls and sanctions. As part of the resolution, ZTE has agreed to a criminal and civil penalty of $892,36-million, and an additional penalty of...

African entrepreneurs partner with White Label Crowdfunding

White Label Crowdfunding (WLCF), a UK-based software as a service company that creates, launches and hosts crowdfunding platforms, has announced that it will be collaborating with Africa-based technology company Khonology as part of its global expansion programme....

SA fintech startup in expansion mode

The South African fintech startup that slashed the costs for Zimbabweans living in South Africa to send money home when it launched two years ago has expanded its money transfer service into Nigeria, Ghana and Tanzania. The business will expand into Mozambique, Malawi...

Mteto Nyati takes over at Altron

Mteto Nyati will take over as the new CEO of Allied Electronics (Altron), having spent two-and-a-half years at MTN, first as head of the enterprise business and then group CEO. Before that, Nyati was the MD of Microsoft SA and, briefly, GM of the MEA emerging regions....

SA consumers opt for online shopping

South African consumers are increasingly turning to e-commerce platforms when looking for, comparing and purchasing a variety of items. In a recent survey, 26% of respondents made their very first online purchase in June 2015 – a massive uptake when compared to...

New wiper malware found in the wild

Sophisticated new wiper malware, StoneDrill, has been discovered. Like the Shamoon wiper, it destroys everything on the infected computer. StoneDrill, which also features advanced anti-detection techniques and espionage tools in its arsenal, was discovered by...