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You are here: Home / Archives for business

business

12 December 2025

“A Soap Opera With Bodyslams”: Meet Cape Town’s Pro Wrestlers

Location: Sport

Unique characters take to the ring in an epic display of physicality

Read more“A Soap Opera With Bodyslams”: Meet Cape Town’s Pro Wrestlers
12 December 2025

City of Cape Town Hits Back Against Extortion

Location: News

SANCO accused of threats and intimidation at MyCiTI bus depot; denies any link to extortion

Read moreCity of Cape Town Hits Back Against Extortion
10 December 2025

Kimberley’s Big Hole of Municipal Failure

Location: News

Sol Plaatje municipality’s speaker and municipal manager were recently appointed despite tainted records

Read moreKimberley’s Big Hole of Municipal Failure
9 December 2025

Ekurhuleni’s electricity network collapse

Location: News

The blame for the power outages that have plagued large parts of the Ekurhuleni Metro since the beginning of the month can be laid squarely on the shoulders of the ANC/EFF coalition for their years of failing to replace or upgrade ageing and dilapidated electricity infrastructure. Cable theft, unpaid contractors, a shortage of skilled staff […]

The post Ekurhuleni’s electricity network collapses due to years of neglect and mismanagement appeared first on Freedom Front Plus.

Read moreEkurhuleni’s electricity network collapse
8 December 2025

Storm Damage Not the Only Cause of Widespread Power Outages in Tshwane

Location: News

While visiting various neighbourhoods, members of the Freedom Front Plus (VF Plus) caucus in the Tshwane Metro Council concluded that infrastructure damage and power outages, more prevalent since the beginning of the month, cannot be attributed solely to stormy weather. Years of maintenance backlogs and the failure to frequently prune trees on pavements and along […]

The post Storm damage not the only cause of widespread power outages in Tshwane appeared first on Freedom Front Plus.

Read moreStorm Damage Not the Only Cause of Widespread Power Outages in Tshwane
8 December 2025

Kouga’s Failed R1.4-Million Mini Market Project

Location: News

A mini fresh food and craft market for Hankey never opened

Read moreKouga’s Failed R1.4-Million Mini Market Project
7 December 2025

TransUnion Unlocks Smarter, Faster Financial Services for SMMEs and FinTechs With API Marketplace

Location: Business
  • TransUnion’s new API Marketplace gives SMMEs and FinTechs instant, self-service access to credit, identity, and fraud prevention tools
  • The platform simplifies integration, accelerates decision-making, and supports inclusive, data-driven financial services
  • Designed for agility and scale, it empowers smaller businesses to compete and innovate in South Africa’s growing digital economy
  • Improved access to accurate data enables businesses to better serve underserved communities, advancing equitable access to financial services

Global information and insights company TransUnion Africa has launched its API Marketplace, a streamlined digital platform designed to give small, medium, and micro enterprises (SMMEs) as well as FinTechs direct, self-service access to a wide range of credit, identity and fraud prevention solutions. The platform aims to simplify integration, strengthen risk assessment, and support the delivery of faster, more personalised financial services across the country. The API Marketplace helps reduce technical complexities, enabling companies to quickly incorporate credit checks, identity verification, and fraud detection into their operations for faster, more accurate decision-making.

Simplifying Access to Trusted Data Solutions

For many SMMEs and FinTechs, limited access to reliable credit data, time-consuming verification processes, and the burden of manual fraud checks can slow growth and undermine customer trust. The TransUnion API Marketplace addresses these pain points by allowing businesses to discover and embed TransUnion’s trusted data solutions directly into their systems, without lengthy onboarding processes or complex development cycles.

“With the launch of the TransUnion API Marketplace in South Africa, we’re empowering SMMEs and FinTechs with the tools they need to thrive in the digital economy,” says Dee Chetty, Chief Product Officer at TransUnion Africa. “It’s about lowering barriers to entry for businesses aiming to innovate quickly, deliver inclusive financial services, and make smarter decisions, while upholding the highest standards of data integrity and security.”

The platform offers real-time access to insights that support key business functions, from identity verification during customer onboarding to fraud flagging and credit risk assessment throughout the customer lifecycle. This is particularly powerful for SMMEs and FinTechs, which often operate with lean teams and need to maximise efficiency without compromising on due diligence.

Supporting Financial Inclusion and Economic Growth

According to the latest Mastercard SME Confidence Index, 90% of South African SMMEs have adopted digital payments in recent years, demonstrating the sector’s appetite for modernisation. However, many still lack access to the kind of scalable, reliable infrastructure that larger organisations take for granted. The API Marketplace bridges that gap, enabling smaller firms to leverage TransUnion’s capabilities in a cost-effective and agile way.

Crucially, the offering also supports national priorities around financial inclusion. Improving the flow of accurate credit and identity data enables businesses to offer more tailored products to underserved consumers, particularly in emerging markets and low-income communities. This helps create a more transparent and equitable financial ecosystem, where access to funding and services is based on real, data-driven insights.

“The API Marketplace is not just a product, it’s an enabler of impact,” adds Chetty. “We know that the future of inclusive finance in South Africa depends on access: to data, to tools, and to trust. This platform delivers on all three, helping more businesses deliver safe, responsible, and responsive financial products.”

Developer-Friendly Design for Rapid Deployment

Digitising integration through the API Marketplace enhances operational efficiency and significantly shortens development timelines. The platform includes a wide range of features designed for accessibility and ease of use. It offers a searchable API catalogue, developer-friendly documentation, and robust security protocols, all designed to reduce friction and accelerate deployment. A structured onboarding process is already in place, with plans to introduce full self-service and digital onboarding in the next phase of development.

Looking ahead, TransUnion sees the API Marketplace as a critical lever for economic resilience and innovation, particularly as the South African FinTech sector continues its rapid growth. The local FinTech market is projected to reach USD 14.86 billion by 2033, with APIs playing a foundational role in scaling new financial solutions.

Visit TransUnion’s API Marketplace for more information.

Read moreTransUnion Unlocks Smarter, Faster Financial Services for SMMEs and FinTechs With API Marketplace
7 December 2025

Djibouti’s Democracy Takes Another Knock

Location: News

Djibouti is a presidential republic with a multiparty system, but political authority is highly centralised.

Read moreDjibouti’s Democracy Takes Another Knock
5 December 2025

Vodacom Found Guilty of Unfair Market Practices

Location: News

Communications authority says the company altered contract terms without prior communication

Read moreVodacom Found Guilty of Unfair Market Practices
4 December 2025

TransUnion South Africa Busts Three Short-Term Insurance Industry Myths

Location: Business

Every industry has its myths, and the short-term insurance environment is no exception: leading industry players plan their growth strategies around perceptions of a limited pool of customers, focusing mostly on pricing strategies to attract new business, and finding ways to avoid consumers perceived as too risky.

The best way to confirm or ‘bust’ industry myths is to test them through experiments and data analysis to reveal the truth – and that’s exactly what TransUnion South Africa did with data it holds in the short-term insurance sector.

“South African consumers remain under pressure despite recent interest rate cuts, making this an opportune moment for insurers to rethink their customer acquisition and retention strategies – and to challenge the truisms they’ve relied on in recent years,” said Schalk Fischer, insurance lead at TransUnion South Africa. “To drive better outcomes, insurers must evolve and adapt their strategies to respond to changing market conditions, drawing on risk-management solutions that feature unique data and advanced analytics.”

Myth 1: With stagnant total policy volumes, the only way for an insurer to grow is to win customers from other insurers.

In assessing all new short-term insurance policies taken out between April 2024 and March 2025, TransUnion found that only 17% of new policies were opened by consumers moving to another insurer. Another 37% involved ‘policy splitting’, where consumers moved cover of one of their assets to a new provider, but did not move their whole portfolio.

This means that roughly 54% of new policies are opened due to churn – a significant portion, but certainly not the overwhelming portion that many insurers believe it to be.

“This data shows key growth opportunities for insurers lie among consumers who are new to insurance. In fact, 33% of new policies opened during the time of the study were taken out by consumers who had not had an insurance premium in the previous 24 months,” Fischer said. “While the short-term industry will always be very competitive, there are growth opportunities outside of working aggressively to attract customers from other insurers.”

Myth 2: Loyalty in short-term insurance is dead. Price is the primary variable.

With many consumers scrambling for cost savings, price is perceived to be the most important differentiator between insurers, along with being seen as the main reason that consumers leave one insurer for another.

TransUnion’s analysis showed that 13% of insured consumers who cancel their insurance eventually return to their original insurance provider over time, without switching to another insurer in the interim.

This brand loyalty is fairly consistent between different distribution channels: 9% for banks’ insurance offerings, 11% for brokers, and 14% for direct insurers.

“These findings highlight that, while insurance pricing is certainly a leading consideration among consumers, it is evident that brand loyalty is still a driving factor,” Fischer said. “Marketing and acquisition strategies clearly focus on price, but there’s a greater than expected opportunity to build loyalty that will either retain customers or encourage them to return to brands they have trusted before.”

Myth 3: The new-to-insurance segment is small and only includes risky younger consumers.

TransUnion’s analysis revealed that one in three (33%) consumers who took out policies between April 2024 and March 2025 were new to insurance – they did not have short-term insurance payments linked to their identity number in the previous 24 months.

However, this doesn’t necessarily mean that all newly insured consumers were uninsured before. Some may have previously been covered under their partner or spouse, and later separated their insurance portfolios, or they could have been young adults who sought their own cover after being included in their parents’ policies.

“These findings show that insurers need to expand the scope of how they segment their target audiences, as new-to-insurance consumers are not always who they’re perceived to be,” Fischer adds.

The analysis revealed additional insights into consumers taking out a policy for the first time. Only 6% were aged 18 to 24 years – perceived to be the riskiest consumers – while the greatest portion of these consumers (36%) were aged 25 to 35 years, followed by 36 to 45 year olds, who took out 25% of new policies. It’s clear, then, that consumers aged 25 to 45 present the greatest opportunity for insurers.

In overlaying loyalty data with these findings, it emerged that only 1% of 18 to 24 year olds shopped around for a better deal once they were granted cover, while less than a quarter (24%) of 25 to 35 year olds shopped around. However, consumers aged 36 to 45 showed the greatest propensity to shop around for a better deal, with 29% taking on that challenge.

The myth is officially busted: opportunities for growth lie well beyond young consumers who have only just reached eligibility to apply for their own short-term insurance policies.

“While the short-term insurance market is perhaps not growing at the rate that many insurers would like, our analysis shows that it’s far from stagnant. Clear segmentation along with careful risk management and profitability assessments can help providers acquire lower-risk, higher-value customers across diverse groups of potential customers,” Fischer said. “While price remains a significant driver among consumers, other variables continue to play a meaningful role in building customer loyalty.”

Read moreTransUnion South Africa Busts Three Short-Term Insurance Industry Myths
4 December 2025

Pay back the Money

Location: News

Statement by Axolile Notywala, GOOD City of Cape Town Councillor. Note to Editor: This speech was delivered during the Cape Town Council Meeting

The post PAY BACK THE MONEY: GOOD SLAMS CITY’S SOCIAL HOUSING FAILURES appeared first on For Good.

Read morePay back the Money
3 December 2025

Sunday Times Need Not Apologise for Self-Corrected Errors

Location: News

Ombud rules reputations may be harmed if it is in the public interest

Read moreSunday Times Need Not Apologise for Self-Corrected Errors
1 December 2025

Nigeria’s Low-Cost Private Schools Are the Only Option for Millions: Is Closing Them a Good Idea

Location: News

Stronger public investment is needed so families are not forced to pay privately for basic education.

Read moreNigeria’s Low-Cost Private Schools Are the Only Option for Millions: Is Closing Them a Good Idea
1 December 2025

A Provincial Capital Sunk in Sewage

Location: News

Salt pans and lowlands around the town are lakes of filth

Read moreA Provincial Capital Sunk in Sewage
28 November 2025

Petition for Rehabilitation of Rivers Affected by Continuous Sewer Spillage by Mogale City Local Municipality

Location: News

TO: The Executive Mayor, Mogale City Local Municipality Civic Centre, Krugersdorp AND The Honourable MEC for Cooperative Governance and Traditional Affairs, Gauteng Provincial Government AND The Honourable Minister of Water and Sanitation, Republic of South Africa FROM: Concerned residents, business owners, environmental organisations and property owners of Mogale City and surrounding areas SUBJECT: Petition for […]

The post Petition for rehabilitation of rivers affected by continuous sewer spillage by Mogale City Local Municipality appeared first on Freedom Front Plus.

Read morePetition for Rehabilitation of Rivers Affected by Continuous Sewer Spillage by Mogale City Local Municipality
28 November 2025

News Influencers Are Reshaping the Media – Insights From Kenya, Nigeria and South Africa

Location: News

The most prominent news creators on social media and video networks are men and YouTube is the most important platform for them.

Read moreNews Influencers Are Reshaping the Media – Insights From Kenya, Nigeria and South Africa
27 November 2025

Gag Order Against Open Secrets Lifted

Location: News

Case brought by Integrated Convoy Protection, which sells armoured vehicles to UAE, dismissed

Read moreGag Order Against Open Secrets Lifted
25 November 2025

Suspected Digital Fraud Most Frequent at Account Login in South Africa, TransUnion Reports

Location: Business
  • Money or gift card scams were the most prevalent fraud type from February to May 2025, reported by one-third (33%) of South Africans who said they were targeted with fraud
  • Transactions with video gaming companies, where the consumer was in South Africa, were most suspected of digital fraud in the first half of 2025 among industries analysed
  • Insurance sector experienced the largest increase in the volume of suspected digital fraud among industries analysed, over the study period

According to the newly released TransUnion® (NYSE: TRU) H2 2025 Update to the Top Fraud Trends Report, the rate of suspected digital fraud[1] was the highest in the consumer lifecycle at account login for South Africa with 2.6% of those types of transaction attempts when the consumer was in the country being suspected of digital fraud in the first half (H1) of 2025. This aligns with a global trend of fraud shifting to account takeover attempts which typically occur at login. Globally, 4.3% of account login transactions in H1 2025 were suspected of digital fraud.

The report, which draws on proprietary data from TransUnion’s global intelligence network from billions of transactions from over 40,000 websites and apps and a consumer survey across 18 countries, reveals that fraud is growing.

“South Africa stands at a critical juncture in its digital evolution where opportunity and vulnerability intersect. As the nation embraces rapid digital transformation, the surge in online activity has inadvertently opened new doors for fraudsters, whose tactics are growing more sophisticated by the day. This convergence of accelerated digital adoption, economic strain and criminal innovation has created a complex risk landscape,” said Amritha Reddy, senior director of fraud product management TransUnion Africa.

According to analysis of TransUnion’s customers in its global intelligence network, digital account takeover volume worldwide grew 21% year-over-year (YoY) from H1 2024 to H1 2025, signalling a rapid escalation. The volume of digital account takeovers surged 141% from H1 2021 to H1 2025, underscoring persistent rise of this fraud type over time and reflecting the increasing sophistication of fraudsters who exploit stolen credentials and bypass authentication systems.

"As account takeover fraud surges, businesses can no longer afford solely reactive defences,” said Reddy. “The growing sophistication of fraudsters demands a proactive investment in layered security and identity intelligence. In today’s threat landscape, protecting customer accounts is not just a priority, it’s a business imperative."

Highest Rate of Suspected Digital Fraud in Video Gaming

Among industries analysed globally, the video gaming sector recorded the highest percentage of suspected digital fraud attempts in the first half of 2025, reaching 13.5%. This represents a significant 28% rate increase compared to the same period in 2024, underscoring the growing vulnerability of this sector to fraudulent activity.

For transactions where the consumer was in South Africa, the rate of suspected digital fraud attempts from February to May 2025 was the highest in video gaming at 7.7%. The greatest increase in the volume of digital transactions suspected to be fraudulent over that time was in the insurance industry, with a 154% uptick.

Chart 2: Suspected Digital Fraud Attempts in South Africa, by Sector

Industry

Suspected digital fraud attempt rate H1 2025

Change in volume of suspected digital fraud attempts from H1 2024 to H1 2025

Video gaming

7.7%

-1%

Insurance

6.7%

+154%

Communities (web properties like online forums and dating sites)

3.2%

-45%

Financial services

3.0%

-49%

Logistics

2.1%

-99%

Retail

1.1%

-57%

Telecommunications

0.7%

-96%

Source: TransUnion global intelligence network

“As the risk from consumer scams threatens identity integrity, organisations should rely on a mixture of data, risk signals, technology and tools to prevent fraud,” said Reddy. “The Report highlights that business leaders rank[2] identity verification, device reputation and behavioural biometrics as the leading three fraud prevention technologies.

“Businesses and financial institutions should also invest in sustained education and awareness campaigns to mitigate against schemes like account takeovers. Preventing fraud must by necessity be a multi-pronged strategy, if businesses and consumers are to stay ahead of fraudsters whose strategies continue to evolve too,” she said. “By harnessing advanced technologies, fostering cross-sector collaboration, and prioritising consumer trust, South Africa can chart a path toward a secure and inclusive digital future.”

Consumer-Reported Exposure to Fraud Grows Amid Gaps in Awareness and Prevention

Globally, consumers continue to face a wide range of scams, with tactics often tailored to regional behaviours and vulnerabilities. TransUnion’s survey found that 48% of consumers surveyed globally reported being targeted by email, online, phone call or text messaging fraud from February to May 2025, with 59% of South Africans saying the same thing. Globally, 52% were unaware that they were targeted, as were 42% of South Africans, indicating potential fraud under-recognition and a gap in fraud awareness.

Consumers in five of the six African countries surveyed reported money or gift card scams as the most experienced fraud type. In South Africa money or gift card scams was the most common fraud type – reported by 33% of those who said they were targeted with email, online, phone call or text messaging fraud from February to May 2025. Among those South Africans who said they were targeted, the next most frequently reported scams were phishing (31%), smishing (30%), and vishing (29%), with these three designed to deceive individuals into giving up their valuable personal or financial information.

South Africa Saw the Greatest Percentage of Respondents in Africa Indicating They Fell Victim to Fraud from February to May 2025

Country Targeted and fell victim Targeted but didn’t fall victim Not targeted Most reported fraud scheme
South Africa 13% 46% 42% Money/gift card
Kenya 10% 71% 19% Vishing
Zambia 9% 76% 15% Money/gift card
Rwanda 9% 49% 42% Money/gift card
Namibia 8% 57% 35% Money/gift card
Botswana 6% 68% 26% Money/gift card

Source: TransUnion consumer survey

“As scammers continue to evolve their tactics to enrich themselves, it’s more important than ever for consumers to regularly review their credit reports to ensure all listed information is accurate,” said Reddy.”

TransUnion came to its conclusions about digital fraud and data breaches based on intelligence from its array of TransUnion fraud prevention solutions. To learn more about how TransUnion fraud prevention solutions can help businesses avoid fraud and prevent fraud losses, click here.

Specific country and regional data in the report includes South Africa, Botswana, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Hong Kong, India, Kenya, Mexico, Namibia, Nicaragua, the Philippines, Puerto Rico, Rwanda, Spain, the United Kingdom, the United States and Zambia. Download the TransUnion H2 2025 Update to the Top Fraud Trends Report for more information and insights about the global fraud trends.


[1] Suspected digital fraud attempts reflect those which TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) fraudulent upon customer investigation, or 4) a corporate policy violation upon customer investigation.

[2] As found by TransUnion’s online business survey conducted from 29 May to 6 June 2025 in partnership with third-party research provider, Dynata. Findings were included in TransUnion’s H2 2025 Update to the Top Fraud Trends Report

Read moreSuspected Digital Fraud Most Frequent at Account Login in South Africa, TransUnion Reports
25 November 2025

Quick Explainer: The New Inflation Target

Location: News

Minister of Finance Enoch Godongwana has announced a new inflation target of 3% a year. What does this mean and why does it matter?

Read moreQuick Explainer: The New Inflation Target
24 November 2025

Orange Farm’s Crime Fighting Patrollers

Location: News

Community members have lauded efforts by the crime patrollers to make their streets safer, with over 400 people already part of the initiative

Read moreOrange Farm’s Crime Fighting Patrollers
21 November 2025

Wynberg Main Road – A Safe Haven for Immigrant Families

Location: News

People from the diaspora call this old part of Cape Town home

Read moreWynberg Main Road – A Safe Haven for Immigrant Families
19 November 2025

Bo-Kaap Residents Call For Airbnb to Be Regulated

Location: News

Long-standing residents say they are being pushed out by short-term rentals

Read moreBo-Kaap Residents Call For Airbnb to Be Regulated
18 November 2025

Perfect Opportunity for SA to Announce Implementation of Wealth Tax

Location: News

While US President Donald Trump clearly doesn’t, most dollar millionaires in most G20 nations, including in South Africa and the US, back the principle of a special tax on their wealth as a lever to address unsustainable inequality.

The post G20: PERFECT OPPORTUNITY FOR SA TO ANNOUNCE IMPLEMENTATION OF WEALTH TAX appeared first on For Good.

Read morePerfect Opportunity for SA to Announce Implementation of Wealth Tax
18 November 2025

Inner City Cape Town: No Room for Locals

Location: News

Short-term letting through various platforms, including Airbnb, locks up 70% of residential units in the central city

Read moreInner City Cape Town: No Room for Locals
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