Author: Staff Writer

Absa, the banking group, has established a nonbanking subsidiary in Beijing as part of its strategic plan to expand its operations and presence in key international markets.

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KPMG and the liquidators of VBS Mutual Bank have finally reached a confidential out-of-court settlement, putting an end to their protracted legal battle. The settlement comes after the liquidators initially sought nearly R900 million from KPMG for alleged negligence in auditing the bank’s books.

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Qlik, a global leader in data integration, analytics, and AI, has acquired pivotal intellectual property from Kyndi, an innovator in natural language processing, search, and generative AI.

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