More than half of South African firms have been affected by ransomware in the past year

Poor leadership and accountability hindered the entity from developing proper procedures to deal with those responsible for mismanagement and fraud

There is growing concern about a possible liquidation of the entity should it not be repurposed

The red-beret-in-chief paints the ruling party as a lapdog slavishly following the EFF’s lead

Sassa will for the first time make electronic payments to social grant beneficiaries through its new corporate Postbank account on February 1

Fledgling banks can offer client-centric systems that are leaner than their traditional counterparts

Its goals, management, source of funds and who will cover any losses are key questions that have to be raised.

Three people, allegedly part of a syndicate involved in the theft of R42-million from the Postbank, have been arrested.

The South African Banking Risk Information Centre says it is unable to comment on the recent hi-tech cyber heist of R42-million from the Postbank.

Postbank, a business unit of the SA Post Office, may be transformed into a separate company within three years, a newspaper reported on Tuesday.