News Updates:

Business Banking


Business Banking / 25-01-24 / Shelly Nxumalo

Standard Bank training programme opens more opportunities for SMEs

“To ensure that the most promising businesses were allowed to maximise their potential, 20 entrepreneurs were offered an opportunity to undergo three months of further training with mentors. Following this, those banking with Standard Bank will…

Business Banking / 16-01-24 / Shelly Nxumalo

Starting a new business in the New Year means planning

“A business plan is more than just a tool for raising finance or a document developed to get you thinking about your business. Even though it is quite common for business plans to be outsourced to professionals, to meet the formal requirements…

Business Banking / 04-01-24 / Tau kaVodloza

SB Group and UnionPay join forces to bring enhanced e-commerce payment solutions

“At Standard Bank, we believe that Africa is our home, and we drive her growth.  As one of Africa’s leading financial institutions, we intend to ensure that our clients across the continent have seamless access to regional and international…

Business Banking / 23-11-23 / Tau kaVodloza

Innovative Nedbank commercial banking finance solution enables business growth

'Invoice discounting funds working capital shortages. It enables business growth by improving liquidity. The client can trade optimally despite the challenges of funding a growing business," says Debbie Robinson, Nedbank Head of Sales, Debtor…

Business Banking / 21-11-23 / Duty Editor

RMB/BER BCI ticks down as sentiment among new vehicle dealers sharply deteriorates

“structural supply constraints around infrastructure and electricity remain a key challenge to operating in the South African business environment. However, the decline in the RMB/BER Business Confidence Index also reflects underlying demand…

Business Banking / 16-11-23 / Shelly Nxumalo

SA women entrepreneurs doing it for themselves, creating thriving businesses

"Elaborating on recent research, it has shown that about 43% of South African households are run by single women. At the end of July 2022, women also accounted for 57% (3 896 595) of the total volume of properties in the market (6 868 778).…

Business Banking / 13-10-23 / Tau kaVodloza

Getting to grips with SA's R300bn township economy holds benefits for traders, customers

For years, the businesses that form the backbone of commerce in townships have operated from garages, street-facing rooms in houses, and even shipping containers as they bring essential groceries and commodities to their neighbourhoods, says…

Business Banking / 02-10-23 / Tau kaVodloza

Purchasing Managers’ Index (PMI) declined by 4.3 points in September to 45.4

Conditions in the SA manufacturing sector deteriorated at the end of the third quarter. This is according to the seasonally adjusted Absa Purchasing Managers' Index (PMI), which declined by 4.3 points in September to 45.4.

Business Banking / 02-10-23 / Sisanda Ndlovu

Salaries and private pensions outperform August 2022

“The average nominal pay for August reached R15 578, representing a 5.8% increase on the R14 717 recorded in August 2022,” says Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements. “The August figure was also higher than July’s…

Business Banking / 19-09-23 / Chris Smit

FNB join hands with ETBCG in the transformation of black citrus growers

“The ETBCG programme unlocks grant access which is then matched with subsidised commercial funding in an innovative structure with great benefits for beneficiaries. The grant component completely changes the calculation for up-and-coming farmers,"…

Business Banking / 01-09-23 / Duty Editor

Absa Purchasing Managers' Index (PMI) ticked up by 2.4 points to 49.7 in August

"This follows a large decline of almost 11 points in July. Although the magnitude of the rise in business activity gives an impression of some strength here, at 50, the index is pointing to flat month-on-month manufacturing output growth in…