FNB to shut down cryptocurrency linked accounts in SA

--:--
In this edition of Business Day Spotlight, our focus is FNB’s move to close down accounts for cryptocurrency exchanges and related parties.

Our host Mudiwa Gavaza is joined by Richard de Sousa, Senior Partner at AltCoinTrader, a local cyrptocurrency exchange.

The discussion begins with De Sousa giving an update of the relationship between the financial services sector and cryptocurrency industry.

De Sousa says this move has been a few months in the making. Though the local crypto-industry has a good working relationship with the SA Reserve Bank, private banks have a right to deny or stop their banking services “to anyone without explanation.”

Listen in to hear the full discussion and thoughts around these and other questions.

Business Day Spotlight is a MultimediaLIVE Production.
20 Nov 2019 English South Africa Business News · News

Other recent episodes

Planet42’s push to dominate vehicle subscriptions

Planet42’s ongoing push to dominate vehicle subscriptions is the focus in this edition of the Business Day Spotlight. Our host Mudiwa Gavaza is joined by Eerik Oja, CEO and co-founder of car subscription service Planet42. Oja outlines his company’s funding and strategy. Topics of discussion include: Planet42 funding efforts; the…
27 Mar 51 min

Unpacking Telkom’s research and development strategy

Telkom’s research and development (R&D) strategy takes centre stage in this edition of the Business Day Spotlight. Our host Mudiwa Gavaza is joined by Tsabi Molapo, executive for research and innovation at Telkom, one of SA’s largest telecoms operators. Topics of discussion include: Telkom strategy around R&D; the company’s method…
25 Mar 30 min

Corporate AI, what now and where to?

Artificial intelligence use in corporates and large businesses is the focus in this edition of the Business Day Spotlight. Our host Mudiwa Gavaza is joined by Ria Pinto, country manager and technology lead for SA at IBM. Topics of discussion include: defining AI in 2024; data from IBM’s recent AI…
22 Mar 40 min

The push for temporary employment strategies in SA

Temporary and seasonal employment strategies is the focus in this edition of the Business Day Spotlight.  Our host Mudiwa Gavaza talks to Quintus Sliep, MD of Worldwide Staffing.  Sliep explains the strategies that companies use to expand capacity; employment trends in SA; the impact of technology on hiring decisions; and the place of permanent…
20 Mar 32 min

Honor’s take on SA smartphone market

Honor’s business strategy in SA is the focus in this edition of the Business Day Spotlight.  Our host Mudiwa Gavaza talks to Fred Zhou, general manager for Honor SA. Topics of discussion include: the size and scope of Honor’s business; strategy for SA; the company’s local product range; and challenges faced by the business…
18 Mar 18 min