The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $ 1,350 to $ 54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick n Pay’s crypto transactions. Retailer Sees …
The African Development Bank (ADB) and Intel have announced a significant partnership to train three million Africans and 30,000 government officials in advanced artificial intelligence (AI) skills. According to the ADB, this training is expected to revolutionize the African digital ecosystem and contribute to economic growth. The program will tackle socio-economic challenges and enhance productivity […]
Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant, who lives in Benoni, had to […]
Claims against Mirror Trading International (MTI) have reached over $ 84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $ 33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals made by those who profited …
Out of the approximately $ 60 million (ZAR1.1 billion) that was recovered to pay back victims of the collapsed bitcoin investment platform Mirror Trading International (MTI), only $ 34.3 million remains. Court documents reportedly state that liquidators have used the recovered funds to pay an outstanding tax liability of $ 15.2 million …