"We have designed the Global AMC to be an effective and simple tool for portfolio diversification. It leverages our team's extensive experience in international markets to deliver a solution that is both sophisticated and user-friendly," says…
"We are pleased to have received the approval of the Finance Minister for this deal, which enables us to further sustainably scale and diversify the bank. This further delivers on our 'Excelerate25' strategy to expand our core by bringing in…
"Today’s manufacturing data indicates that output expanded by 0.9% in 2Q24 after shrinking by 1.2% in 1Q24. This supports our long-standing view that GDP likely rebounded in Q2 after contracting by 0.1% in Q1 ," says Thanda Sithole, FNB Senior…
"Entrepreneurs must be prepared for the less glamorous aspects of running a business, including countless hours spent on planning, problem-solving, and often, overcoming the mental obstacles of rejection and disappointment," says Alan Shannon,…
"Last year we announced the acquisition of GBL and that we would for a period of time run it as a fully owned subsidiary of ABL. The process of integrating GBL onto the ABL Business Banking platform has been successfully completed and we can…
"The evolution of POS technology presents a pivotal moment for SMEs. When integrated with a comprehensive banking relationship, these devices can be transformed from simple transaction processors into powerful business enablers," says Alan Shannon…
"From smuggling and the misdeclaration of goods to under-invoicing to evade customs duties and taxes, these practices contribute to significant revenue losses for the government, distort market competition, and pose risks to national security…
"Between expensive and complicated POS devices, cumbersome onboarding processes and lack of access to simple and reliable transaction information, many small merchants eventually find it difficult to see the value that a card acceptance system…
"The Rand serves as a proxy for emerging market currencies and provides relatively easy access through high liquidity, trading around the clock. Additionally, South Africa's significant exposure to commodity exports makes the ZAR highly sensitive…
"Now that the regulatory approvals have been obtained, this transaction enters a new stage. We will continue collaborate with HSBC to ensure a seamless transition. Regular communication has been planned throughout the journey to provide timely…
“In line with our recent market positioning of “audacity to believe”, we believe that this is a market of those who have daring dreams of building sustainable businesses that will contribute to our economy, creating jobs in the long-run, and…
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