R/€ = 13.83
R/$ = 11.04
Au 1172.85 $/oz
Pt 1231.00 $/oz
Dec 13, 2002
Company clinches Nigerian Central Bank consulting dealBack
Pretoria|SECURITY|Africa|Central Bank Of Nigeria|Comparex Holdings|Consulting|Defence|Environment|JSE Securities|Nanoteq|PROJECT|Resourcery Limited|Security|System|Systems|Africa|Nigeria|South Africa|Security|Bank|E-commerce|Information Security Policy|Internet-based Services|Products|Security|Security Solutions|Services|Solutions|Systems|Infrastructure|Rian Olivier|Security|Operating System
© Reuse this JSE Securities-listed Comparex Holdings managed security solutions subsidiary, Nanoteq, has partnered with Nigerian IT firm Resourcery Limited to develop an information security policy and project plan for the Central Bank of Nigeria as the institution replaces its manual processes with computers and networks.
Nanoteq and Resourcery have completed the first two phases of the project, which involved formalising and documenting a security policy as well as developing an information security architecture and scoping the infrastructure and products the bank will need. The two companies also developed a proof of concept for the information security architecture to ensure that it meets the Central Bank's needs. Nanoteq pre-sales manager Rian Olivier says Nigeria's Central Bank has, until now, made use of paper-based processes and systems. It is now in the process of linking all of its offices on a network and introducing Internet-based services including e-commerce using the latest technologies on the market, he adds. "Because of the sensitivity and national importance of the Central Bank's activities, it has put security right at the top of its list of priorities. "To ensure that it lives up to best practice in the security environment, the bank started off by looking at governance and policy issues. With the help of Resourcery and Nanoteq, it has embedded best practice in its security procedures from the outset," explains Olivier. He says Resourcery turned to Nanoteq for its specialised skills in areas such as perimeter security, operating system security and information security architecture. Nanoteq worked closely with staff and project managers from the Central Bank as well as several local and multinational companies involved in the project. "Contrary to popular belief in South Africa, Nigeria has good access to top-class IT skills. "Resourcery's decision to partner with Nanoteq is a strong endorsement of our abilities," says Olivier. In the next phase of the project, which is due to begin shortly, the Central Bank will begin rolling out its security infrastructure.
Nanoteq has evolved from a developer of high-level cryptographic products for the most complex military and financial applications to become a global provider of integrated security systems.
It provides defence against security risks and electronic crimes in three main areas of business, namely government networks and applications, conventional IT security solutions and securing e-business environments. A wholly-owned subsidiary of the Comparex group of companies, Nanoteq serves a network of local and global clients from its head office in Centurion, near Pretoria.
Edited by: Irma Venter© Reuse this Comment Guidelines (150 word limit)
Other Financial Services to Industry News
Payroll is one of the biggest expenses in any small or medium-sized enterprise (SME), yet it is also one of the areas most likely to be neglected in terms of risk management, according to multinational enterprise software company Sage.
Using private equity to gain capital, especially for small to medium-sized enterprises (SMEs) that might not meet the criteria to qualify for bank loans, seems like a preferential means of raising capital in South Africa’s current tough economic climate, according to...
South Africa’s banking sector is one of the best in the world, in terms of management and conduct, according to audit, tax and advisory firm KPMG.
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
In the next 20 years, it was expected that, in Africa, more people would live in cities and towns than in rural areas, United Nations Habitat executive director Dr Aisa Kirabo Kacyira said at the Human Settlements Indaba that took place earlier this month in...
Tough-talking Human Settlements Minister Lindiwe Sisulu has committed government to building 1.5-million low-cost houses over the next five years, telling the Human Settlements Indaba in Johannesburg on Wednesday that the State would achieve this target through the...
Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted last week that recommendations were being considered to “detect and...