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Retail Banking

 

Retail Banking / 12-02-25 / Oscar Siziba

Oscar Siziba | 2025, a defining year for South African businesses

"Beyond macroeconomic indicators, South Africa's role as host of the 2025 G20 Summit and its associated B20 Summit, presents a significant opportunity for business. As the world's major economies gather to discuss trade, investment, and sustainable…

Retail Banking / 12-02-25 / Lytania Johnson

Lytania Johnson | FNB's eWallet continues to drive financial inclusion; volumes grow to 68m

"The sustained sturdy growth of eWallet affirms our continuous commitment as a bank towards broadening financial inclusion by creating products that meet consumers’ expectations for seamless, convenient, and secure ways of sending and receiving…

Retail Banking / 06-02-25 / Kwanele Sibanda

Reserve Bank gives Clarence Nethengwe thumbs up to head OM Bank

Our vision for OM Bank is to ensure that customers are not only able to access transparent and personalised financial services and tools but, more importantly, to partner with them so that these tools improve access to banking and credit for…

Retail Banking / 05-02-25 / Harry Kellan

Harry Kellan | FNB enhances support for affordable housing in South Africa

"Low economic growth coupled with high living and building costs has created a challenging environment for financial institutions to ensure effective delivery of affordable housing to communities. However, recent interest rate cuts and broader…

Retail Banking / 31-01-25 / Shelly Nxumalo

Rising Electricity Tariffs: Solar becoming a necessity to avoid long-term strain

“What’s important to bear in mind is that Eskom customers are already paying almost 34% more for electricity than they were 2 years ago. These significant increases erode the positive effects of cooling inflation and recent interest rate cuts,…

Retail Banking / 30-01-25 / Kwanele Sibanda

Standard Bank & FNB upbeat commentary about interest rate cuts

Standard Bank and the First National Bank upbeat about today's 0.25 basis points rate cut by the South African Reserve Bank which cumulatively brings it to a total of 0.75 basis point since the beginning of the rate cycle cut in September 2024.…

Retail Banking / 27-01-25 / Shelly Nxumalo

Discovery Bank festive spend trend 2024/2025 report, insights & habits

"The December holiday period is known as a time of increased spending. So, it's no surprise that our clients, in general, spent an average of 15% more than in other months of the year," says Hylton Kallner, CEO of Discovery Bank.

Retail Banking / 23-01-25 / Kwanele Sibanda

African Bank and Visa sign landmark agreement to enhance financial inclusion

"Our collaboration with Visa reflects our shared values and a commitment to fostering financial inclusion, particularly in underserved markets. We are passionate about providing our customers with more value, choice, and security, ensuring they…

Retail Banking / 23-01-25 / Shelly Nxumalo

As the shift to digital accelerates, who's still relying on cash?

“This aligns with our strategy to enable cash transactions through self-service and other alternative cash distribution channels, like ATMs and cashback at POS, while keeping branches focused on sales, service, and relationship banking,” said…

Retail Banking / 22-01-25 / Siphamandla Mkhwanazi

Siphamandla Mkhwanazi | November retail sales exceed expectations

"These numbers bode well for 4Q24 GDP growth and reflect consumer spending benefits from the two-pot system pension withdrawals, the declining inflation trajectory, particularly fuel costs, as well as improved consumer sentiment," says Siphamandla…

Retail Banking / 11-12-24 / Shelly Nxumalo

What affluent buyers are building: Homesteads, compounds & Multi-tenanted dwellings

“What we’re seeing is that many of our clients are taking a different approach to wealth creation than what we've traditionally been accustomed to. However, many are focused on short-term income generation but need to consider the long-term…

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