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General Banking News

 

General Banking News / 30-04-24 / African Bank

African Bank remembers Dr Sam Motsuenyane, the doyen of early black economic empowerment

"The audacity he displayed in defying the odds and giving agency to our people demonstrates his profound capacity for leadership, innovation, and empathy. Here was a man who committed his life to the betterment of others. The example he set…

General Banking News / 29-04-24 / Tau kaVodloza

Absa's eKhaya Colleague Share Scheme wins Top Champion for Women Award

"We are proud to have been honoured once again for our eKhaya Colleague Share Scheme. This transaction demonstrates our commitment to fostering financial inclusion in our communities in keeping with our purpose of empowering Africa's tomorrow,…

General Banking News / 26-04-24 / Shelly Nxumalo

Absa Group announces changes to its executive committee

“We congratulate our colleagues on their appointments and welcome the new Exco members. It is pleasing to note that the appointments announced today are internal colleagues who have proven track records of delivering results in their respective…

General Banking News / 25-04-24 / Shelly Nxumalo

African Bank’s Audacious Rewards wins big at International Loyalty Awards

"Being recognised at the International Loyalty Awards is a tremendous achievement for us. Audacious Rewards epitomises our mission to make a meaningful impact in the lives of our customers, offering them rewards they can truly count on," says…

General Banking News / 25-04-24 / Kwanele Sibanda

SARB launches the CODI, further bolstering trust in the domestic financial system

"Under the auspices of the Financial Sector Regulation Act 9 of 2017 (FSR Act), CODI has established, and will maintain and administer a Deposit Insurance Fund. The fund is supported by, among other options, monthly premiums and loan contributions…

General Banking News / 22-04-24 / Chris Smit

FSCA confirms list of currently approved crypto asset service providers

"The FSCA continues to receive and consider applications from new and existing CASPs. 374 licence applications have been received to date. The FSCA will continue to provide regular updates as these applications are processed and approved."

General Banking News / 19-04-24 / Shelly Nxumalo

PSG Financial Services continues to grow revenue, assets under management

"Current economic activity remains depressed, and expectations have continued to plummet to new lows As a business we will continue to monitor local and global events and the associated impact on the group's clients and other stakeholders, and…

General Banking News / 11-04-24 / Kwanele Sibanda

R600m to be paid to funders of Old African Bank

"We are delighted that we have been able to reach this point where the indemnity has expired, allowing a further payment to be made to subordinate stub holders of RDS," says Kennedy G Bungane, Chief Executive Officer, African Bank Group.

General Banking News / 10-04-24 / Kwanele Sibanda

Dondo Mogajane announces departure from New Development Bank

"It was truly an honour and privilege to serve my country in this capacity. Bidding farewell to my fellow Board members, as well as the management and staff at the National Development Bank was a difficult task, but I am thankful for the memories…

General Banking News / 10-04-24 / Shelly Nxumalo

Modernised payments in SA: new report unveils trends and insights

"A significant finding of our research is that the concept of cash displacement as a goal has become intertwined with the drive for modernisation and interoperability," says Dave Glass, CEO and Co- Founder of Electrum.

General Banking News / 02-04-24 / Tau kaVodloza

Kennedy Bungane earns prestigious African banking leadership award

“It was a privilege for me to share the stage with visionary leaders who are passionate about shaping the future of Africa. It is particularly satisfying that the rich heritage and strategic goals of African Bank resonates so strongly in the…