South Africa's FNB cell-phone banking usage doubled last year
South Africa's First National Bank (FNB)'s Cellphone Banking usage doubledduring 2009's festive season, from the previous year, to ZAR 1bn's worth ofbanking and about 1mn transactions, ITNews Africa reported. Len Pienaar, CEO ofFNB commerce, said cellphone banking is the preferred choice for banking in thecountry; high adoption rates show trust and convenience for a wide range oftransactions. FNB customers can now transfer money instantly to anyone with aSouth African cellphone number via its SendMoney service, which sawtransactions of ZAR 6mn in Dec.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more
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