News Updates:

Commercial Banking


Commercial Banking / 15-02-24 / Brad Grillis

Brad Gillis | A smarter African payments eco-system will spark growth and inclusivity

"The main challenges, however, are ineffective collaboration and divergent, rigid, or onerous regulatory requirements. Evidently, there are no immediate and logical solutions despite strong moves by central banks across the continent to strive…

Commercial Banking / 30-01-24 / Shelly Nxumalo

The crucial role of crop diversification in SA’s agricultural future

"The only way to address the adverse effects of mono-cropping on soil health is through implementing crop rotation and the use of green fertilizers. By alternating crops, farmers can maintain the soil's fertility and structure, ensuring that…

Commercial Banking / 08-12-23 / Shelly Nxumalo

Nedbank acquires 100% of Eqstra to bolster its fleet management offering

"A combined Eqstra and NedFleet operation will provide an integrated approach to fleet management, aimed at providing better quality, cost and scale to our joint clients. The acquisition will also expand Nedbank’s product and services offering…

Commercial Banking / 13-10-23 / Tau kaVodloza

African Bank announces acqusition of Sasfin Bank's commenrcial divisions

 "After months of engagement, we are pleased to have signed the deal, which enables us to further sustainably scale, diversify revenue and client base while de-risking our balance sheet. This further delivers on our 'Excelerate25' strategy to…

Commercial Banking / 03-10-23 / Sisanda Ndlovu

Bank Zero's commercial banking takes on traditional banks

"It was a complex project, but the end result is ground-breaking because we were able to design the system as a whole to work seamlessly, with the user in mind. Everything from setting up your in-house banking team, changing mandates and granting…

Commercial Banking / 19-09-23 / Sisanda Ndlovu

BankservAfrica appoints Stephen Linnell as new CEO

“Stephen’s credentials as a dynamic executive across a wide range of disciplines is impeccable. His passion for the development of financial market infrastructure is evident and we are confident of Stephen’s expertise and ability to lead BankservAfrica…

Commercial Banking / 21-06-23 / Paul Makube

Paul Makube | Downbeat agriculture business confidence in Q2 2023, but still signs of resilience

"Load shedding had the biggest impact particularly on the poultry industry and abattoirs as the intermittent supply of electricity affected production schedules and increased costs of operations due to running diesel generators for extended…

Commercial Banking / 21-06-23 / Chris Smit

SA can unleash agriculture's growth potential, says Wandile Sihlobo

"To put it into perspective, South Africa currently plants about 4.3 million hectares of summer grains and seeds. That number can be increased substantially, for grains, horticulture, and livestock, leading to better output for exports and job…

Commercial Banking / 14-06-23 / Duty Editor

Africa vital for a co-ordinated energy transition: Standard Bank

"As a Group, we are committed to work steadily towards our net-zero goals. We are helping to drive this by working towards providing between R250 billion and R300 billion for sustainable projects by the end of 2026," says Boitumelo Sethlatswe,…

Commercial Banking / 07-06-23 / Sisanda Ndlovu

Standard Bank targets smart agricultural finance

"Agriculture has a disproportionally large role to play in reducing carbon emissions and sequestering carbon. Understanding and introducing more climate smart farming practices will assist the industry in achieving a just transition to a more…

Commercial Banking / 07-06-23 / Paul Makube

A further deterioration in agriculture GDP outcomes turn negative in 2023 Q1

While eight of the industries recorded growth, agriculture was a major drag on growth as it deteriorated further by double digit levels, says Paul Makube, Senior Agricultural Economist, FNB Agribusiness .