News Updates:

General Banking News


General Banking News / 25-01-24 / Kwanele Sibanda

SARB appoints Dr David Fowkes to serve as Monetary Policy Committee member

South African Reserve Bank Governor Lesetja Kganyago has announced the appointment of Dr David Fowkes to serve as a member of the Monetary Policy Committee (MPC) from 12 January 2024.

General Banking News / 22-01-24 / Shelly Nxumalo

African Bank marks second annual payout with R100-million dividend

"This dividend not only reflects our steadfast commitment to creating value for our shareholders, but also signifies our progress in line with our Excelerate25 strategy," says Kennedy Bungane, Group CEO of African Bank.

General Banking News / 28-11-23 / Shelly Nxumalo

The Financial Stability Board publishes 2023 G-SIB list

One bank (Bank of Communications (BoCom)), the Board said, has been added to the list of G-SIBs that were identified in 2022, and two banks (Credit Suisse and UniCredit) have been removed.

General Banking News / 27-11-23 / Shelly Nxumalo

Ombudsman honours best banks at resolving complaints

"We have set measurable standards for the banks, which have reflected our values in promising to deliver free, impartial and speedy resolution of banking complaints," says the Ombudsman for Banking Services (OBS), Reana Steyn.

General Banking News / 20-10-23 / Shelly Nxumalo

Africa needs a great deal more investment in energy and infrastructure: Standard Bank

"The electricity market has been liberalised, and many new investments have followed. Given the new capacity being installed, Standard Bank’s experts are confident that the electricity constraint will begin to lift over the next 18 months –…

General Banking News / 18-10-23 / Sisanda Ndlovu

Corporate contributions critical to accelerate relief efforts for flood-stricken communities

“Our thoughts are with the affected families and communities. The impact of climate change and ongoing food insecurity in our country requires everyone to work together, to find innovative solutions. Approximately a third 10 million tonnes of…

General Banking News / 05-10-23 / Edna Montse

Edna Montse | The pivotal role in inclusion and diversity within SA's banking industry

"The most significant obstacle to transformation is resistance from both individuals and institutional structures. People are naturally resistant to change, and this can slow down or even derail transformation initiatives. Institutions, built…

General Banking News / 04-10-23 / Shelly Nxumalo

FirstRand says leadership changes demonstrates benefits of multi-year succession planning

“I am grateful for the time I spent at FNB, it was an honour to lead such a committed and innovative team. Together we built a market-leading digital institution, with great customer propositions delivered on a well-constructed and agile platform,"…

General Banking News / 14-08-23 / Tau kaVodloza

Absa Group reports resilient 2023 H1 earnings, reflecting diverse franchise

"Our deliberate diversification strategy stood us in good stead in the first half of 2023, given weaker economic conditions and significant pressure on consumers in South Africa," said Arrie Rautenbach, Absa Group Chief Executive Officer.

General Banking News / 21-07-23 / Duty Editor

The PA and SARB applies to place Habib Overseas Bank in liquidation

In accordance with the requirements of the Banks Act 94 of 1990 (Banks Act), Craig du Plessis, who is the appointed representative of the curator of HOB, notified the PA that there was no reasonable probability that the continuation of the curatorship…

General Banking News / 30-06-23 / Duty Editor

BIS appoints Maha El Dimachki as new Head of the Innovation Hub Singapore Centre

"I am delighted to welcome Maha to the BIS Innovation Hub. She brings a rich set of experiences from both public and private sector and she understands the importance of rules while allowing for innovations," said Cecilia Skingsley, Head of…