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Retail Banking

 

Retail Banking / 27-03-25 / Shelly Nxumalo

Standard Bank offers new green financing initiative for new home loans

Clive Spitz, Head Climate Solutions at Standard Bank Personal and Private Banking, emphasizes the Bank’s responsibility in helping drive a change toward a greener Home Loan Book by unlocking opportunities for a broader segment of SA home buyers…

Retail Banking / 26-03-25 / Chris Smit

SA lenders adopted prudent risk strategies to drive growth in Q4 2024

"Lenders who are sustaining growth and profitability are drawing on enhanced risk attributes to stimulate a greater share of spend and wallet by identifying consumers who are likely to use credit lines judiciously," said Lee Naik, CEO of TransUnion…

Retail Banking / 13-03-25 / Shelly Nxumalo

African Bank marks historic milestone in its 50th Year

"Brand  Finance has been producing rankings globally for over thirty years and in South Africa since 2013. Arguably the main drivers of growth of a country are its top brands. Brands that are sought after create jobs, make a profit, pay taxes,…

Retail Banking / 25-02-25 / Jane Khumalo

Jewelers, luxury goods, florists win big this February

“While customers spent more overall, many opted for lower-ticket value items. But there were some eye-popping transactions which show that some people take gifting very seriously during this time,” says Tumelo Ramugondo, Head of Credit at Standard…

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.