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Restraints: The banking sector adheres to global benchmarks regarding credit card security but still the system remains vulnerable because its foundational IBM architecture limits this and there is no instantaneous payment system. Photo: Supplied

How safe are South African banks from cyber attacks?

Experts say the banking system is as advanced as that in Europe but its antiquated infrastructure is difficult to modernise

  • Eyaaz
10 min read
This photograph taken in Yaounde, on February 17, shows the Djangui Money logo on a mobile phone. In many African countries, the tontine is a popular collective savings system which has for years enabled those to whom banks do not lend to finance a project or an emergency. In Cameroon, start-ups have brought it into the digital age in recent years. (Photo by Daniel BELOUMOU OLOMO / AFP)

Ancient community banking enters digital age in Cameroon

There are about 30 African countries where tontines are used, and 14 in Asia. In South Africa, it is known as a stokvel

  • Des Erasmus
2 min read