Stay vigilant when withdrawing your stokvel savings this festive season, says FNB
"Whilst saving in a Stokvel is beneficial and offers numerous financial and social benefits, it also…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of public social media sentiment amongst South Africans. From Discovery Bank's perspective, we want to know how our clients feel and what is affecting them, so these insights from DataEQ offer significant…
"Whilst saving in a Stokvel is beneficial and offers numerous financial and social benefits, it also…
"A little planning goes a long way. By making smart financial choices, you can have a joyful season without…
“We understand the challenges customers face and aim to offer more value where possible. Many accounts…
“Year-end is typically a period of increased spending and some of this spending is funded by loans or…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by the continent's burgeoning digital economy and its ability to leapfrog basic services through technological innovation," says Linda Oniwe, Vice President for Technology, Media and Telecommunication at…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of…
"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by the continent's burgeoning digital economy and its ability to leapfrog basic services through technological innovation," says Linda Oniwe, Vice President for Technology, Media and Telecommunication at…
"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with…
"Whilst saving in a Stokvel is beneficial and offers numerous financial and social benefits, it also…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of…
"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with…
"Whilst saving in a Stokvel is beneficial and offers numerous financial and social benefits, it also…
"The global economy and financial system continue to be affected by economic and financial conditions,…
"A little planning goes a long way. By making smart financial choices, you can have a joyful season without…
“We understand the challenges customers face and aim to offer more value where possible. Many accounts…
“The introduction of the new regulation for the investment funds sector is timely given the growth and…
This year's TechSprint, the fifth edition of the G20 global hackathon open to developers from around…
"The commercial potential of AI has caused a fierce contest for AI dominance, surpassing that of the…
"AfricaNenda and its partners are calling for a collective push to expand IPS and deliver solutions that…
"PayShap Request represents a new era of efficiency and inclusivity in the financial services industry.…
"This year's performance affirms African Bank's ability to deliver value even in a constrained environment.…
“As we approach Black Friday, we are witnessing a convergence of factors that point towards a vibrant…
"Driven by positive market reforms and attractive returns, global investors have shifted their gaze to…
The Basel Committee on Banking Supervision members have unanimously reaffirmed their expectation of implementing…
"We are thrilled to welcome JP Okkers to African Bank at such a pivotal moment in our journey to becoming…
Advocate Thokozani Mvelase, Chief Executive Officer of COMRIC, has called for renewed vigilance as fraudsters…
“Year-end is typically a period of increased spending and some of this spending is funded by loans or…
"Phishing and social engineering may seem like familiar threats, but they have grown increasingly sophisticated.…
“We are very proud of the launch of our broad-based employee share ownership plan. Lesaka has been on…
“The average transaction in electronics and department stores is still higher than in grocery stores.…
"We want to partake in an economy where sustainability is not just an option, but a neccessity for growth…
"The bank’s success at the awards reflects its steadfast dedication to excellence in delivering holistic…
"At African Bank, we're dedicated to supporting our customers in building strong financial health. One…
"As I move forward as CEO, I intend to place a firm focus on developing and driving our growth strategy,…
"Economic projections show that real GDP growth will rise to 3.7% in 2024 and 4.3% in 2025, continuing…
"This recognition is a reflection of African Bank's commitment to building a workplace where everyone,…
“Group savings have historically been used as a collective savings vehicle to help adults raise families…
"The convenience of online shopping has resulted in more clients purchasing goods and services online.…
"We are proud of the positive impact that this long-standing trade finance facility with Standard Chartered…
"So far this year, we have seen an acceleration of borrowing requests to fund renewable energy. In the…
"Treasury highlights elevated fiscal risks, including potentially lower revenue growth from economic…
With close to 25 years' experience in various senior sales and marketing roles in the financial services…
"While it’s not new to banking – having been used for forecasting, personalizing offerings, and risk…
"We've moved beyond ticking boxes. It's about ensuring organisations adopt compliance and embrace change,…
"In accordance with global trends, we have seen a growing trend for companies to rent custom-built industrial…
"As Africa moves towards greater integration under the African Continental Free Trade Area (AfCFTA),…
"Any well-designed, collaborative network must include central banks, governments, regional economic…
"Central to our AI strategy is the commitment to keeping humans in the loop as we believe the technology…
"We wanted our team to feel stylish and comfortable in their roles while capturing the essence of who…
“You don’t want to jeopardise the experience of a lifetime by having your visa rejected or delayed before…
"Our work with banks takes us deep into the core space including ledgering and payments integration.…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"Our people are at the heart of what we do. This recognition is a profound demonstration of the value…
'Financial Planning provides a roadmap for achieving what’s important to you and ensures long-term financial…
The Prudential Authority said the administrative sanctions imposed on both Bidvest Bank and HSBC are…
“From an Estate planning perspective, a Will should be treated as a living document and updated regularly…
"Given our unrivalled footprint across the continent, we are regularly looking to work with partners…
“The SDGs guide us to a better tomorrow. They set out what we as a society should strive for in order…
“We’d like to thank our 10 million customers for choosing us. This achievement is a testament to our…
“As a bank, we want to play a larger role in supporting local producers by connecting them to a broader…
FNB CEO Harry Kellan says, "We welcome the SARB's rate cut as it consistent with the global trend towards…
"Our clients will be able to enjoy the full benefits of operating from an IFC that facilitates international…
"One of the main advantages of - a good estate plan is that it helps you to set up your assets correctly…
Lusanda Mgudu, Head of ESG at Lesaka says, “In alignment with the overarching sustainable development…
"We understand that finding a surety or qualifying for a loan on your own can be challenging. To address…
"After years of unrelenting financial pressure, our customers have had to become financially disciplined…
"These accolades from two iconic global news magazines demonstrate that our determined focus on delivering…
"This was not a leverage finance transaction in the traditional sense; we had to approach it in a similar…
“Within an environment shaped by complex macroeconomic conditions and elevated levels of uncertainty,…
“Businesses in urgent need of capital may find themselves waiting weeks or even months for a decision.…
“Get started with a very manageable, interest-free small credit facility that you can easily afford,…
“I am particularly pleased with the Consumer Division’s performance. Our teams have worked hard to turn…
"We have designed the Global AMC to be an effective and simple tool for portfolio diversification. It…
“For brand partners, Kazang Rewards is a multi-faceted platform that boosts merchandising, enhances point…
"It is common for first-time buyers to be caught off guard when interest rates rise. In recent years,…
"A significant talent pool exists within Africa yet financial barriers often prevent this talent from…
“With living costs soaring in the past two years, these high volumes suggest consumers could be relying…
"Understanding how income shapes spending habits is crucial for both consumers and financial services…
“In the context of persistently high inflation, economic and political uncertainty, and rising interest…
"Our ESD programme embodies the spirit of Africanbank. We are committed to the growth of black-owned…
"We maintain our forecast of 1.0% real GDP growth for this year, with an expected increase to 1.8% in…
“We are constantly enhancing our rewards programme to offer customers even more ways to be rewarded for…
"Kenny Fihla is a most experienced and successful executive – a leader's leader of immense effectiveness,…
"Our strategic transformation through Excelerate25 is focused on building a customer-centric, data-driven,…
"Mr Frank Smets joins the BIS from the European Central Bank, where he is Adviser to the Executive Board.…
"As global trade evolves, small and medium-sized enterprises (SMEs) face significant hurdles in accessing…
"This is not uncommon. Scammers generally tend to be more active during periods of increased consumer…
“Most micro merchants in South Africa still pay for most of their inventory using cash. This not only…
"This milestone of our first million clients is a special one. While it's only the beginning for us,…
"Back in 2019, the market was registering on average R14 billion of home loans a month. This number surged…
"With Reach, we are setting a new standard in the syndicated loan market. Our platform's ability to centralise…
"While women are still slightly less engaged in the stock market than men, research shows that those…
"Slowing global inflation, stable oil prices, a less depreciated rand, and subdued domestic demand remain…
"Promoting gender diversity and female leadership in technology is essential for driving economic growth…
"The reliance on cash is particularly evident in the bustling township economy, where more than 1.8 million…
“La-Cell has been an integral part of our digital transformation. Over the past 23 years, he has helped…
"Three out of seven categories recorded an increase in annual volumes. The general dealer category was…
"We are pleased to have received the approval of the Finance Minister for this deal, which enables us…
"Today’s manufacturing data indicates that output expanded by 0.9% in 2Q24 after shrinking by 1.2% in…
"Stokvels are more than just savings groups; they are a cherished tradition, a lifestyle of collective…
"Entrepreneurs must be prepared for the less glamorous aspects of running a business, including countless…
"Last year we announced the acquisition of GBL and that we would for a period of time run it as a fully…
“We anticipate that more customers will benefit from Double Fuel Rewards because we made the changes…
"These forecasts highlight how cybercrime has rapidly become 'Big Business' across the world. Today's…
"There is an obvious need for comprehensive educational campaigns to demystify cryptocurrencies. Industry…
"Standard Bank/SBG Securities' strong showing, among 27 competitor firms and 345 participating analysts,…
Ester Ochse, Product Head at FNB Integrated Advice, shares some simple yet effective insider tips when…
"This points out that for inclusive banking to break across the 50% barrier and soar further, several…
"The evolution of POS technology presents a pivotal moment for SMEs. When integrated with a comprehensive…
"From smuggling and the misdeclaration of goods to under-invoicing to evade customs duties and taxes,…
"This volume of payment approvals via our CashPro App reflects a shift in client behavior and digital…
"There are varying levels of awareness among our medium to large sized clients regarding their climate…
"Choosing the right vehicle finance is crucial not only to managing your budget effectively, but also…
Transnet and the Special Investigating Unit (SIU) have jointly instituted proceedings against Nedbank…
"She’s Next continues to prove its impact as we navigate a complex post-pandemic world, where empowering…
"Headline inflation should continue its relative stability in July. This is despite monthly pressures…
Anne Aliker, Head Client Coverage, Corporate and Investment Banking, Standard Bank reaffirms the bank's…
"Despite rates predicted to edge lower, benefits to customers might take a bit longer to filter through.…
"Companies are increasingly adopting long-term, or "evergreen" share schemes that allow employees to…
"Everyone who interacts with Discovery, will know we place the highest importance on our client satisfaction…
“The Visa Everywhere Initiative is a testament to our commitment to fostering innovation and supporting…
"Our commitment goes beyond simply taking employees out for a day of service,’ he explained. ‘We're fostering…
"At Africanbank, we believe that true empowerment goes beyond financial support; it encompasses the holistic…
"The data shows that the ability to build adequate cash saving for use in an emergency, is not only dependent…
The FSB's recommendations aim to address identified frictions from data frameworks that pose significant…
"The success of Audacious Rewards is a testament to our commitment to putting our customers first. With…
"The report also revealed that 96% of the roughly 25,000 workers surveyed believe generative AI can enhance…
“At its most basic, the issue is that so many people remain underserved by traditional banking products,…
"This year's study validates the ongoing financial and knowledge barriers that South Africans face, which…
In her new role, Ms Sani will head the General Secretariat, one of the Bank's four main departments.…
“Over the years, we’ve worked with Motus to achieve important milestones in their business, most notably,…
"This increased reliance on third parties beyond the scope of traditional outsourcing, coupled with the…
"Given the continued high interest rates, but gradually declining inflation, we encourage South Africans…
“It is encouraging to see a growing proportion of first-time buyers in our book. As the leading lender…
"Between expensive and complicated POS devices, cumbersome onboarding processes and lack of access to…
"I wish our partners in Nexus every success as they advance the project from concept to reality. This…
“Whether it's a parent supporting a child studying overseas, a spouse or an adult child managing expenses…
"Despite the case for a rate cut being strong, the thinking amongst the investor community is that the…
"Given the current cost of living crisis, and the 15-year high interest rates in South Africa, consumers…
"We should see headline inflation continue its plateau in June. Monthly pressure should remain subdued,…
"One of our core missions is to advance lives, and this can also be seen in how we have meticulously…
“Stokvels have always been seen as mainly a collective savings vehicle. They are groups where ordinary…
“FNB currently holds over R1 billion worth of coins in its portfolio on behalf of its clients. This milestone…
"The Rand serves as a proxy for emerging market currencies and provides relatively easy access through…
"Now that the regulatory approvals have been obtained, this transaction enters a new stage. We will continue…
“We are excited to collaborate with MTN and the opportunity to provide our customers with a range of…
“In a market that is increasingly adopting digital currency, the need for versatile voucher solutions…
“We understand the growing concerns surrounding borrowing money online as some consumers have fallen…
“In line with our recent market positioning of “audacity to believe”, we believe that this is a market…
"A more measured approach is to still consider adding gold to your portfolio now and to then take opportunities…
"ECB staff projections for the headline annual inflation rate were raised for this year from 2.3% to…
"The statistics from this year's competition paint a picture of a vibrant and resilient entrepreneurial…
"We are dedicated to empowering entrepreneurs, particularly in informal, rural, and peri-urban areas,…
"These new ETFs represents our commitment to providing investment solutions that serve as a conduit to…
"Together, we are poised to unlock new security and payments innovation possibilities for fintechs based…
"Our customers want more than just competitive pricing; they want a banking partner that supports their…
"Ms Navaratnam joined the BIS in 2020 as the Head of Credit Risk Management, and previously worked at…
“With a merchant wallet linked to the card terminal, merchants can use funds in the wallet to pay around…
"Despite operating in a tough economic climate, our financial performance for the first half underscores…
"The SARB acknowledges that certain of the items may require further research and assistance from other…
"Research has shown that financial stability is closely linked to mental well-being. When individuals…
"As much as $19.4 billion is being sent throughout the African continent. The largest volume between…
"This is a highly anticipated milestone for us as we open the virtual doors to our home loans ecosystem.…
"The simple reality is that trade disruptions come in many forms, from natural disasters and geopolitical…
“The big idea behind EasyPay Everywhere is providing South Africa’s most vulnerable citizens with full-on…
"In my world of payments technology, I still see plenty of legacy payment systems that run on COBOL.…
"We continue to see an increasing number of individuals, families and businesses who use FNB Connect…
"We're very excited to be partnering with Nomzamo. In the discussions we have had with her, it is evident…
Project Agorá is a joint public-private initiative of the BIS, Banque de France (representing the Eurosystem),…
"The review of the IADI Core Principles is a critical and timely initiative to ensure that the global…
The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel…
"Brand upgrades are more than just a fresh coat of paint; they are a strategic investment in staying…
"We believe that placing our clients at the centre of all that we do and focusing on delivering value…
“In an environment where not everything is consistent, we see the industry relying on consistency. If…
"As we celebrate three decades of dedication to economic growth and social advancement in the democratic…
"The audacity he displayed in defying the odds and giving agency to our people demonstrates his profound…
"We are proud to have been honoured once again for our eKhaya Colleague Share Scheme. This transaction…
"The new Rapid Payments Platform offers an exciting alternative to the traditional payment mechanisms…
“Homeownership is a journey, and Standard Bank is here to guide you every step of the way. With our extensive…
“We congratulate our colleagues on their appointments and welcome the new Exco members. It is pleasing…
"Numerous documents, including the Agriculture and Agro processing Master Plan of 2022, have identified…
"Being recognised at the International Loyalty Awards is a tremendous achievement for us. Audacious Rewards…
“We are delighted to be part of this market first fund working with our partners at European Investment…
"Under the auspices of the Financial Sector Regulation Act 9 of 2017 (FSR Act), CODI has established,…
"Because there was no explicit deposit insurance scheme in this country, depositors either lost their…
"We continue to enhance the capability and functionality of the digital platforms, especially the Mobile…
“The requests for financial assistance have increased rapidly during the past three years, and there…
“Being able to develop solutions that add value to our customers and can help solve for some of the critical…
"The FSCA continues to receive and consider applications from new and existing CASPs. 374 licence applications…
"The success of Boards of Directors is dependent upon their objectivity, impartiality, and ability to…
“When inflation rates are high, consumers tend to cut back on spending, delay investments, and struggle…
"Current economic activity remains depressed, and expectations have continued to plummet to new lows…
“The Intra-African Trade Fair opens alternate routes for African trade. It has become the platform for…
“Afreximbank’s historic decision to hold the 31st Afreximbank Annual Meetings in The Bahamas will be…
"We are delighted that we have been able to reach this point where the indemnity has expired, allowing…
Building a solid savings plan not only helps you achieve your financial goals but also prepares you for…
"It was truly an honour and privilege to serve my country in this capacity. Bidding farewell to my fellow…
"Our financial decisions are deeply intertwined with how we want to live our lives, provide for our families,…
"A significant finding of our research is that the concept of cash displacement as a goal has become…
"We will continue to maintain a cautious balance between profitability, liquidity, and safety to ensure…
“Our latest research highlights that throughout 2023, global economies navigated a complex path of post-pandemic…
"Traditionally, investing and philanthropy has served two separate purposes: namely invest to make as…
"It goes to show what positive changes can happen from an investment perspective when there is an improvement…
“It was a privilege for me to share the stage with visionary leaders who are passionate about shaping…
“These accolades continue to cement our position as a leading private banking and investment solutions…
"While there is optimism regarding the economic outlook of these nations in 2024, the key to success…
"The relative freedom comes at the cost of increased vulnerability to cyberattacks, where financial transactions,…
"The benefits of effective governance that board members can bring to the table is truly transformative,…
"Recent research indicates a disconnect between board governance practices and the incorporation of AI…
“In 2023, we saw a sharp fall in property and mortgage transactions, which were down in the region of…
“Despite the budget speech provoking much debate, and as South Africa charts a path toward recovery,…
"The reality is that the South African economy is simply not growing fast enough to create wealth for…
"Legacy cost-cutting and short-term approaches don't work, but banks and financial services companies…
“We are honoured to play a role in the Shoprite Group’s distribution network expansion, which is aligned…
"The main challenges, however, are ineffective collaboration and divergent, rigid, or onerous regulatory…
“Individualized real-time alerts and proactive insights, along with our digital platform overall, help…
"South Africa can teach the world a thing or two about digital banking, evidenced by the fact that the…
Lerato Thwane, Head of E-Commerce at Tesserai, explains that making use of a credit score tool holds…
"The only way to address the adverse effects of mono-cropping on soil health is through implementing…
South African Reserve Bank Governor Lesetja Kganyago has announced the appointment of Dr David Fowkes…
“To ensure that the most promising businesses were allowed to maximise their potential, 20 entrepreneurs…
“Managing one’s money is a collective effort between the customer and the bank, and while banks continue…
"This dividend not only reflects our steadfast commitment to creating value for our shareholders, but…
"There isn't a one-size-fits-all approach when deciding on the best vehicle to save for private schooling,…
“As the country’s first digital bank we’ve overcome numerous challenges as we consistently innovated…
“A business plan is more than just a tool for raising finance or a document developed to get you thinking…
“At Standard Bank, we believe that Africa is our home, and we drive her growth. As one of Africa’s leading…
"A combined Eqstra and NedFleet operation will provide an integrated approach to fleet management, aimed…
One bank (Bank of Communications (BoCom)), the Board said, has been added to the list of G-SIBs that…
"Real-time location analytics stand out as a key component in this new approach. Financial institutions…
"This award is testament to the meticulous work put in by our employees. Our commitment to resolving…
"Traditional banking institutions often charge exorbitant fees for currency conversion and international…
"We have set measurable standards for the banks, which have reflected our values in promising to deliver…
"There is a clear gap in the local capital markets for Shari'ah-compliant products – with significant…
“While many factors indicated the possibility of a rate hike today, the Reserve Bank’s decision to hold…
'Invoice discounting funds working capital shortages. It enables business growth by improving liquidity.…
"Understanding that business and leisure travellers prioritise fast-track services, lounge access, and…
“Clarity brings the independent investor to a place where they’ll have the best of Investec’s capabilities…
“structural supply constraints around infrastructure and electricity remain a key challenge to operating…
"Elaborating on recent research, it has shown that about 43% of South African households are run by single…
"As the only financial institution in Africa with access to a Swiss banking and wealth management license…
"The electricity market has been liberalised, and many new investments have followed. Given the new capacity…
“Our thoughts are with the affected families and communities. The impact of climate change and ongoing…
For years, the businesses that form the backbone of commerce in townships have operated from garages,…
"After months of engagement, we are pleased to have signed the deal, which enables us to further sustainably…
"The most significant obstacle to transformation is resistance from both individuals and institutional…
"We are immensely grateful to our clients for voting us the retail bank with the best customer servicing…
"The main issue around these burgeoning technologies – and the new participants introduced into the national…
“I am grateful for the time I spent at FNB, it was an honour to lead such a committed and innovative…
"It was a complex project, but the end result is ground-breaking because we were able to design the system…
Conditions in the SA manufacturing sector deteriorated at the end of the third quarter. This is according…
“The average nominal pay for August reached R15 578, representing a 5.8% increase on the R14 717 recorded…
"Discovery Bank will offer clients an entire home ecosystem which incorporates competitive home loans,…
“Stephen’s credentials as a dynamic executive across a wide range of disciplines is impeccable. His passion…
“The ETBCG programme unlocks grant access which is then matched with subsidised commercial funding in…
"Our carefully considered strategic revisions also carry with them a profound respect for our consumer…
"Whether you opt for a joint will or separate Wills, the most important thing is to ensure that your Will…
“By working closely with Africa Climate Ventures, we believe we can turn climate change from a potential…
"This follows a large decline of almost 11 points in July. Although the magnitude of the rise in business…
“Our solutions transcend traditional payment methods, and we have our consumers in mind, giving them…
"We are aware of the need for mental wellness and how important it is to strike that balance, and as…
"This honour and many others are not just a reflection of our business success but also demonstrate our…
“The PayShap service is fast proving to be a viable, digital option for South Africans seeking a secure…
"Our deliberate diversification strategy stood us in good stead in the first half of 2023, given weaker…
"Absa continues to be at the forefront of digital innovation in Trade, as a mechanism of increasing the…
“The BETI fell to an index level of 133.0 in July compared to the 133.9 recorded in June,” says Shergeran…
"Approximately 97% of our branches are already equipped with backup power solutions, including Uninterrupted…
"We are excited about broadening access to two specific courses, Wealthy Me or Wealthy Couples at this…
"The importance of the US to South Africa is once again emphasised by the US cementing its second place…
"Secure customer interactions are integral to our strategy to build a trusted digital platform. Our aim…
"Besides a ramp-up of load-shedding intensity in July after the unexpected reprieve in June, it is not…
"We know how much clients love breezing through airport security with Discovery Bank Priority Fast Track…
"Because we understand the complexities of running a business, much emphasis has been placed on ensuring…
In accordance with the requirements of the Banks Act 94 of 1990 (Banks Act), Craig du Plessis, who is…
"At RMB, we remain committed to playing our part in Africa’s energy transition, by supporting companies…
“The BankservAfrica Economic Transactions Index (BETI) increased in June 2023 to a level of 133.6 compared…
"This means that, across the board, Discovery Bank clients pay as little as R1 for immediate payments…
"Sashin Sookroo's comprehensive experience in financial services, technology, and payments, coupled with…
“So, the question is: to TFSA or not? Tax-free savings account was created due to South Africa’s low…
This is the lowest level since mid-2021. For the first time since 2018, all five subcomponents used to…
"I am delighted to welcome Maha to the BIS Innovation Hub. She brings a rich set of experiences from…
“Over the years, we have supported more than 3,500 Chinese commercial companies, corporations and state-owned…
“The average nominal take-home pay slipped marginally in May to R14 457, remaining 2.7% below the level…
"Load shedding had the biggest impact particularly on the poultry industry and abattoirs as the intermittent…
"To put it into perspective, South Africa currently plants about 4.3 million hectares of summer grains…
"As a Group, we are committed to work steadily towards our net-zero goals. We are helping to drive this…
“For many of our home loan customers, we understand that their properties are their only wealth. We want…
"Business owners are finding this solution to be quite flexible and convenient as it allows them to transfer…
“We recognize the anxiety, stress and financial burden placed on depositors given that they have not…
"The SARB, with the support of National Treasury, has sought to implement a mechanism whereby qualifying…
" While South Africans are resilient, the increased and ongoing interruption of electricity impacts all…
“It remains unclear as to what will meaningfully lift confidence over the short term, especially as load-shedding…
“In the past year, the BETI has moved sideways with some volatility from month to month. From June 2022…
"Agriculture has a disproportionally large role to play in reducing carbon emissions and sequestering…
While eight of the industries recorded growth, agriculture was a major drag on growth as it deteriorated…
"As Africa's largest banking group by assets, operating in 20 markets across the continent, we are humbled…
"Looking at employment, one will also realise the importance of the industry – the sector employed 888…
"Although yields are currently good with the May 2023 production estimates upgraded by 2% and 4% from…
“The Ombud plays an important role in supporting customers and banks in resolving complaints and disputes.…
“The average nominal salary, measured in the BankservAfrica Take-home Pay Index, increased from R12 573…
“Appreciating that the sector is cyclical, and currently facing numerous challenges, it is indeed encouraging…
"CBDC systems, like all digital payment systems, must work for everyone in society, whenever and wherever…
The CEO of thrive_CEO Khetha Mazibuko said the start-up's purpose is to connect people with brands. "As…
“The BETI reached an index level of 132.6 in April 2023, almost on par with the level of 132.9 tracked…
"The kind of interest rate risk being taken by SVB wouldn't be possible under UK or European regulations.…
“The average nominal take-home pay in March declined on a monthly basis to R15 321,” says Shergeran Naidoo,…
"Gaston Gelos's extensive policy expertise and research will be highly valuable to the BIS and to the…
“The cost of education has increased significantly over the years, making it difficult for many to achieve…
“Safe and efficient payment systems are the life blood of the economy. We believe we have, as an industry,…
"Business banking has remained stuck in a quagmire of high fees, poor service delivery and no real choice,"…
"While the financial reforms put in place following the 2008 Global Financial Crisis have assisted in…
South Africa's implementation of the Net Stable Funding Ratio (NSFR) and large exposures (LEX) framework…
“The BETI reached an index level of 130.2, the lowest since the 130.1 reflected in December 2021,” says Shergeran…
The Financial Stability Board (FSB) Standing Committees have been established by the FSB Plenary to each…
“The average nominal take-home pay rose to R15 186 in February, reaching the highest level since October…
"We all know somebody who has fallen prey to phishing—these criminal networks are extremely devious and…
The Financial Stability Baord (FSB) said its members welcomed the policy measures taken by authorities…
"As a responsible financial institution, we are committed to making a positive impact in society, and…
The Basel Committee on Banking Supervision recently met to take stock of recent market developments and…
“Absa is privileged to have advised and financed Infinity Power on the acquisition of the pan-African…
"The experience of a broad range of central banks demonstrates that asset purchases were helpful in reducing…
"This bank was too big to fail for Silicon Valley and for the US venture capital industry, even though…
“We are gratified by this recognition, showcasing that we have the expertise, capabilities and balance…
This notable moderation in the BETI reflects the pressures that businesses in the country’s main economic…
"I am delighted that Andréa Maechler will be joining the BIS as its new Deputy General Manager," said…
“Widely anticipated in the market and global payments community since its journey kicked off in 2017,…
"High food inflation is driving higher grocery spend, which is particularly impacting the mass market…
"A thin silver lining attached to loadshedding must not distract from the devastating blow loadshedding…
"Aside from a standard savings account, there is a lack of stokvel investment vehicles in which members'…
"Our growth story continues in our Broader Africa portfolio, with a 6% increase in customers, as well…
“We are increasingly focused on making a positive, real-world impact by addressing South Africa’s most…
"I am beyond excited to join RMB which has always had talent as its key differentiator. I am looking…
The February survey period included an unprecedented seven consecutive days of stage 6 load-shedding,…
“The average nominal take-home pay for January was R14 305, which was 7.5% lower than the R15 467 recorded…
"In SA, financial inclusion for consumers seems to have shifted from an access issue to an adoption and…
"We believe the hiking cycle has now topped out. After a cumulative 375bp hike since November 2021, we…
Dhashni Naidoo, FNB Consumer Education Programme Manager says, "Wanting to spoil our loved ones is natural…
This year’s report shows that FNB is leading on price and value in several categories, including entry-level…
“The BETI improved to an index level of 132.7 in January, showing a monthly increase of 0.4% and 0.3%…
"Our advice-led approach to financial services offers customers the full benefits of personalised help…
The seasonally adjusted Absa Purchasing Managers' Index (PMI) came in at 53.0 index points in January…
However, in its commentary, Ninety One, an active global investment manager managing £132.4bn in assets,…
"Many of the economies that our clients operate in, are experiencing challenging times. It is therefore…
"In essence, you can now find and book flights in minutes – turning travel planning into a smooth and…
“The total spend during the month amounted to R100 billion as volumes reached 142 million in December,”…
The higher interest rates and elevated inflation erode farm profit margins and liquidity which may constrain…
"Consumers have shown a strong preference for contactless payments using their contactless-enabled cards…
Donald Khumalo, FNB Human Capital Executive, says, "We’re honoured to be recognised as a top employer…
“The welcomed improvement to the BankservAfrica Economic Transactions Index (BETI) occurred against the…
"For most SMEs, sustainability is not just a responsibility; it’s also a massive opportunity. And failing…
"The endorsement by the GHOS marks an important milestone in developing a global regulatory baseline…
South Africa’s November 2022 consumer price inflation (CPI) surprised on the downside to 7.4% year-on-year…
Thokozani Dlamini, FNB Merchant Services CEO says, we have seen an increase of 55% in turnover on our…
The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa…
FNB Chief Economist Mamello Matikinca-Ngwenya said that "An uptick in employment growth, particularly…
“The appointments build on the positive momentum that was achieved through Executive Committee changes…
The Board said its Plenary reviewed policy work in several areas, including crypto-assets and decentralised…
A month ago, we cautioned that the huge trade surpluses experienced since the outbreak of COVID-19 and…
"Receiving a bonus is an exciting event and a time for celebration to recognise the hard work you put…
The Solana project not only allows us to support sustainable energy for our key stakeholders, it also…
“These results demonstrate the bank’s continuing growth trajectory and increasing penetration into the…
"The increase in travel is especially encouraging given that many consumers were unable to travel in…
“For those consumers that will opt to go into brick-and-mortar stores for Black Friday shopping, we expect…
“These businesses traded well through Covid, and indications show that they will continue to trade positively…
“Even so, there is no denying the fact that the economy would be doing so much better were it not for…
Daniel Hatfield, Edge Growth CEO, says “It’s hard to grow off a base that needs repair. We have designed…
"As was the case with most countries, South Africa’s trade took a relatively significant knock during…
As much as it can be a good time to get a good bargain and buy something that you have had your eye on…
Gordon Little, FNB Commercial CEO, says, “Our vision for Vumela was to build a sustainable model that…
Major challenges facing the agriculture sector and value chain include rapid urbanisation, climate change,…
The Minister of Finance, Mr Enoch Godongwana, has appointed Adv John Simpson as the Ombud for Financial…
Whilst South Africa is currently experiencing bonanzas such as high trade surpluses, burgeoning industries…
According to David Rees, Senior Emerging Markets Economist at Schroders, "South Africa finds itself in…
The new crop season for South Africa begins at the time when the Northern Hemispheres season tails off…
We are proud to once again be recognised as the Best SME Bank in South Africa, as it re-affirms our continued…
With Instant Money, we, as Standard Bank, want to empower more South Africans, especially those without…
"We're excited to provide a new look and feel, and user experience to customers who use our digital interfaces.…
Within the overarching FNB retail operations Lytania Johnson is now appointed CEO of the Personal segment…
"The impact of financial stress on mental health has been well documented. Within the work environment,…
"Any physical, intangible, financial or non-financial investment has an element of risk associated with…
“It’s essential that organisations playing in the automotive retailing and manufacturing sub-segments…
"Digital banks tend to have lower fees compared to their traditional brick-and-mortar peers, which is…
European Ryder Cup Captain Luke Donald has confirmed his participation in the milestone 40th anniversary…
"Nedbank Corporate and Investment Banking (CIB) acted as joint mandated lead arranger of the deal, and…
Discovery's shared-value model is proven to transform clients' engagement with their physical and mental…
The platform is transparent, easy-to-use and makes equity trading cost-effective and intuitive for all…
Looking at how Mauritius managed their grey time provides some good insight into what needs to be done…
Consumers are having a tough time making ends meet, even those fortunate enough to be employed, but TymeAdvance…
We have managed to achieve this because of our expansive footprint and experience on the continent while…
None of this is to say that the economy will experience strong growth in the year ahead; external headwinds…
This research is an exciting confirmation of where the future of banking is headed, and it has been a…
"As Standard Bank, we are proud to sponsor an event that celebrates African women that are making strides…
A FATF greylisting, which is made public, is likely to have the effect of increasing the cost of doing…
Ubank’s strong retail deposits, transactional accounts and partnership with MTN’s Mobile Money, will…
These collaborative competitions help shine a light on the importance of tertiary education and enable…
The addition of Google Wallet as one of our supported third-party digital wallets is consistent with…
"The Nedbank Golf Challenge is an iconic tournament for any South African golfer. It’s one we all grew…
We're excited to announce Google Pay is here for all Discovery Bank clients, providing a fast, easy and…
When we invest, we must consider what we are trying to achieve before making that investment decision,…
Consumers should understand where the increases are in their own inflation baskets to try and soften…
The regulations governing regular payment of debt instalments have become very strict and if you underpay…
We are focused on delivering continued revenue growth through our client-centric strategy, and our ability…
True financial independence, however, transcends simply earning a salary, but starts with your ability…
Winning these awards confirms that we have attained the level of excellence we strive for as we partner…
A continuation of the good strategic and operational delivery, as evidenced in the first half of 2022,…
Together, we look forward to providing access to innovative solutions to ensure business owners can fuel…
With relentless fuel price increases, interest rate hikes and a surge in the price of basic food goods…
The foundation is proud to be supporting an initiative that will ensure more learners have access to…
Good money management revolves around making the right choices, like living within your means, saving…
Speaking at the most recent PSG Think Big webinar, Kuben Naidoo, deputy governor of the South African…
With the threat (and possible reality) of grey listing for South Africa not that far away, James George,…
“We are reconfiguring Group Exco to create an organisation that is closer to customers, shows superior…
The Bank has scaled quickly and built a uniquely powerful digital banking and technology capability which…
However, as is the case in South Africa, the levels remain high, signalling that while it may have peaked…
Comair has been one of Vitality's longest standing partners, and we are saddened by the news. It is devastating…
Calls for more regulation in the crypto markets are likely to increase following the crash in May 2022,…
FNB Business has gone to great lengths in innovating and reviewing its lending processes and policies…
We have enjoyed a successful investment period with Q Link during which time the business has been able…
This is an excellent fit for both parties, and the deal has strong support from the shareholders and…
According to Johann Van Zyl: Head Principal and Alternative Investment at Nedbank Corporate and Investment…
We believe the time is right to redeploy key executives into positions that will let the group take advantage…
Inhance is well positioned in a rapidly-growing industry, with a strong management team, exceptional…
According to Ciko Thomas, Group Managing Executive: Nedbank Retail and Business Banking, the awards validate…
This innovative feature has been instrumental in helping our customers save effortlessly and get access…
The award from The Digital Banker validates the bank’s commitment to fully understand and anticipate…
According to CEO Francois Gouws, the group’s robust performance is the result of its core business strengths…
Manufacturing is one of the engines of the South African economy and is the country’s fourth-largest…
Vitality Travel further expands the value clients get as they continue to monetise positive health and…
Arrie Rautenbach, who is currently Chief Executive of the Group’s retail and business banking (RBB) unit,…
Our listing on A2X complements our existing listings on the JSE and the NSX by giving investors the option…
Heightened volatility in equity markets around the world in recent weeks indicates powerful cross-currents…
Part of managing money well is knowing exactly what you're spending money on, where you are possibly…
"This is a massive opportunity and comes at an opportune time. Corporates are currently looking not only…
Our commitment to helping customers throughout their money management journey and ensuring that investment…
This is a strong set of results which reflect the benefit of, not only the improved operating environment…
The operating environment was more supportive for Nedbank and its clients during the period under review,…
Ukraine crisis highlights importance of food security agricultural access to capital and markets best…
Through the Absa Digital Partnerships ecosystem, we aim to drive and support the growth of innovative…
Commercial property valuations and trends in South Africa set to remain a mixed bag in 2022.
Innovative and entrepreneurial SME offering earns bank Gold for the first time, and Silver for second…
The affluent segment is more complex in nature and clients expect to get personalised support from their…
Raj Makanjee, CEO of FNB Retail and Private Banking says, “This is part of our focus to be an integrated…
The launch of the TymeBank CreditCard is a significant step in our growth phase and is in line with our…
The Competition Commission has referred motor vehicle finance institutions, Wesbank and Toyota Financial…
Whether it is for online payments or instore purchases, there are definite benefits to having a credit…
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) recovered from December’s loss of momentum…
Nedbank Private Wealth has signed an agreement, to sell its Channel Islands trust businesses, Nedgroup…
Nedbank Corporate and Investment Banking announced the successful conclusion of a R1 billion sustainability-linked…
We fully support the establishment and work of the Zondo Commission and its aim to expose corruption,…
Vanessa Murray, Head of Gauteng Lending in Property Finance at Nedbank, says, 'This latest green bond…
Publishers of South Africa's Corporate and Investment Banking news. Latest banking news on the move.
Publishers of South Africa's Corporate and Investment Banking news. Latest banking news on the move.
Publishers of South Africa's Corporate and Investment Banking news. Latest banking news on the move.
"We are thrilled to welcome JP Okkers to African Bank at such a pivotal moment in our journey to becoming a digitally-enabled bank. JP's deep expertise and visionary leadership will be instrumental in helping us execute on our Excelerate25 strategy," says Sibongiseni Ngundze, CEO of Personal Banking.
"Today’s manufacturing data indicates that output expanded by 0.9% in 2Q24 after shrinking by 1.2% in…
"Entrepreneurs must be prepared for the less glamorous aspects of running a business, including countless…
"We have designed the Global AMC to be an effective and simple tool for portfolio diversification. It…
"We are pleased to have received the approval of the Finance Minister for this deal, which enables us…
"Given the global interest rate environment, which is expected to remain elevated for a while longer, investors can take advantage of short-duration, low-risk global income instruments like our AMETF,” explains Henk Kotze Head of Cash and Income at Prescient Investment Management.
"Asian markets have also been remarkably dynamic, with fresh developments from China emerging almost…
"One of the standout benefits of AMETFs is accessibility. As exchange-traded products, they can be bought…
"When market sentiment is low, asset prices tend to follow suit and creates a ripe environment for long-term…
"Creating lasting wealth to pass down for generations to come can seem an overwhelming task. But taking…
"As Africa moves towards greater integration under the African Continental Free Trade Area (AfCFTA), the Standard Bank Africa Trade Barometer offers critical insights into the opportunities and challenges faced by African businesses and stakeholders in facilitating trade. The shifts detailed in the report…
"There are varying levels of awareness among our medium to large sized clients regarding their climate…
"Numerous documents, including the Agriculture and Agro processing Master Plan of 2022, have identified…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by the continent's burgeoning digital economy and its ability to leapfrog basic services through technological innovation," says Linda Oniwe, Vice President for Technology, Media and Telecommunication at…
"The global economy and financial system continue to be affected by economic and financial conditions,…
“The introduction of the new regulation for the investment funds sector is timely given the growth and…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by the continent's burgeoning digital economy and its ability to leapfrog basic services through technological innovation," says Linda Oniwe, Vice President for Technology, Media and Telecommunication at…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of…
"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with…
"Driven by positive market reforms and attractive returns, global investors have shifted their gaze to Africa. There is also growing interest in sub-Saharan countries with investors recognising the continents potential," says Kayode Solola, Head, Global Markets Africa Regions at Standard Bank Group.
"Economic projections show that real GDP growth will rise to 3.7% in 2024 and 4.3% in 2025, continuing…
"So far this year, we have seen an acceleration of borrowing requests to fund renewable energy. In the…
"Given our unrivalled footprint across the continent, we are regularly looking to work with partners…
"Our clients will be able to enjoy the full benefits of operating from an IFC that facilitates international…
“You don’t want to jeopardise the experience of a lifetime by having your visa rejected or delayed before departure, simply because you’ve supplied an outdated photograph or forgotten to have a document stamped,” cautions Sarah Nicholson, operations manager of JustMoney.co.za.
'Financial Planning provides a roadmap for achieving what’s important to you and ensures long-term financial…
“From an Estate planning perspective, a Will should be treated as a living document and updated regularly…
"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with minimal effort. We're excited to strengthen this collaboration and help Spreedly gain further traction in these regions by offering the payment methods that consumers prefer," says Horacio Raviolo,…
"PayShap Request represents a new era of efficiency and inclusivity in the financial services industry.…
“As we approach Black Friday, we are witnessing a convergence of factors that point towards a vibrant…
"The commercial potential of AI has caused a fierce contest for AI dominance, surpassing that of the first moon landing. Microsoft, Google, Meta and Hauwei are all fighting a relentless battle to become the market leader," says Karabo Tema, Associate for Telecoms, Media & Technology at Standard Bank.
"Central to our AI strategy is the commitment to keeping humans in the loop as we believe the technology…
"The escalation of the Middle East conflict, now involving fighting against Hezbollah in Southern Lebanon,…
"AfricaNenda and its partners are calling for a collective push to expand IPS and deliver solutions that cater to every citizen, particularly those in rural and underserved areas. The goal is to ensure universal financial inclusion by 2030, a vision that could be realized if the 27 planned IPS initiatives…
"We are proud of the positive impact that this long-standing trade finance facility with Standard Chartered…
"In accordance with global trends, we have seen a growing trend for companies to rent custom-built industrial…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by the continent's burgeoning digital economy and its ability to leapfrog basic services through technological innovation," says Linda Oniwe, Vice President for Technology, Media and Telecommunication at…
"In Africa, the industry, though still in its infancy, is rapidly growing and evolving, propelled by…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of…
"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with…
Banking Biz is a New Africa Busines News Services (NABNS) publication launched in 2021 to focus on the banking industry (general), retail banking, business and commecial banking, corporate and Investment banking as well as financial planning. It remains a great resource of news for industry professionals, and for those who seek to learn more about the financial sector developmets.
Subscribe to our weekly newsletter to get the latest insurance and economic news in SA.
Banking Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
© Banking Biz 2008-2024
