South African Reserve Bank Governor Lesetja Kganyago says a secure digital consumer identity is key to reducing fraud and strengthening the resilience of the financial system. He made the remarks at the launch of the 2025 G20 TechSprint, held under the theme "Trust and Integrity: Scalable and Open Finance. Kganyago also highlighted that the safe and trusted exchange of credit data across borders could unlock access to services like real-time credit scoring. Channel Africa business reporter Innocent Semosa has more

South African Reserve Bank Governor Lesetja Kganyago&nbsp;says a secure digital consumer identity is key to reducing fraud&nbsp;and strengthening the resilience of the financial system. He made the remarks at the launch of the 2025 G20 TechSprint, held under the theme "Trust and Integrity: Scalable and Open Finance. Kganyago also highlighted that the safe and trusted exchange of credit data across borders could unlock access to services like real-time credit scoring. Channel Africa business reporter Innocent Semosa has more

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In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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A secure digital consumer identity is key to reducing fraud: SA Governor

Discovery, a South African financial services and private healthcare group, says it will absorb the cost of a claims system error that resulted in the overpayment of certain Above Threshold Benefit (ATB) claims in 2025, affecting more than 16 500 members. The announcement follows the company’s notification to clients at the beginning of January 2026 about an error in the processing of medicine claims between January and December 2025. 

MediCheck, which represents more than 1 500 affected members, has welcomed Discovery Health’s decision to carry the full financial burden of the claims processing mistake rather than seeking to recover the overpaid amounts from members of its medical scheme. Thami Ngubeni spoke to Mark Hyman, CEO of MediCheck.

Discovery, a South African financial services and private healthcare group, says it will absorb the cost of a claims system error that resulted in the overpayment of certain Above Threshold Benefit (ATB) claims in 2025, affecting more than 16 500 members. The announcement follows the company&rsquo;s notification to clients at the beginning of January 2026 about an error in the processing of medicine claims between January and December 2025.&nbsp;
MediCheck, which represents more than 1 500 affected members, has welcomed Discovery Health&rsquo;s decision to carry the full financial burden of the claims processing mistake rather than seeking to recover the overpaid amounts from members of its medical scheme. Thami Ngubeni spoke to Mark Hyman, CEO of MediCheck.

Discovery Health to take on the cost of a claims system error that led to the overpayment of certain claims in 2025

The school year began on Wednesday in South Africa, and for many families, the cost of school uniforms remains a major financial burden. Retailer Pep and banking group First National Bank (FNB) say they are offering relief through a heavily discounted school shoe promotion.

However, questions remain around access, reach and whether such initiatives are sufficient to address broader affordability challenges. Our Reporter Lebogang Mabange has more.

The school year began on Wednesday in South Africa, and for many families, the cost of school uniforms remains a major financial burden. Retailer Pep and banking group First National Bank (FNB) say they are offering relief through a heavily discounted school shoe promotion.
However, questions remain around access, reach and whether such initiatives are sufficient to address broader affordability challenges. Our Reporter Lebogang Mabange has more.

Pep and FNB offer relief to South African parents through a heavily discounted school shoe promotion

The Association of Communications and Technology (ACT), an industry body representing telecom companies including Cell C, Liquid, MTN, Rain, Telkom and Vodacom, is calling on over-the-top (OTT) services such as Netflix, WhatsApp and YouTube to help cover the costs of South Africa's network infrastructure. The organisation proposes that these platforms make “fair share” or “fair contribution” payments towards building and upgrading networks.

Thami Ngubeni spoke to Tech Analyst Brendon Petersen.

The Association of Communications and Technology (ACT), an industry body representing telecom companies including Cell C, Liquid, MTN, Rain, Telkom and Vodacom, is calling on over-the-top (OTT) services such as Netflix, WhatsApp and YouTube to help cover the costs of South Africa's network infrastructure. The organisation proposes that these platforms make &ldquo;fair share&rdquo; or &ldquo;fair contribution&rdquo; payments towards building and upgrading networks.
Thami Ngubeni spoke to Tech Analyst Brendon Petersen.

A secure digital consumer identity is key to reducing fraud: SA Governor

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