“More people are joining stokvels to make savings, easier and safer. The bank has the data to support this assertion, with total inflows in its FNB Stokvel Accounts growing to R13.3 billion by December 2024, up 66% from the R8 billion that flowed…
"The recent announcement of another drop in fuel prices is a positive development for farmers as it comes at the right time at the onset of the heightened activity in the agriculture calendar," says Paul Makube, Senior Agricultural Economist,…
"Our latest comprehensive report identifies shifts in financial behaviour for practical insights into how much people spent, what they spent on, and how they spent it. We've also supplemented the quantitative analyses with detailed consumer…
"We’re seeing more customers using their credit cards as their primary transactional accounts rather than just as a credit facility. Instead of reserving them for big-ticket purchases, they are using their credit cards to earn rewards and build…
"With the PalmPay Debit Card, we are expanding our ecosystem and enabling our users to pay and earn rewards at even more touch points, including across offline and online commerce." says Sofia Zab, Chief Marketing Officer at PalmPay.
"The company is committed to contributing to the local economy and environment while creating thousands of jobs. However, high banking costs and complexity present significant challenges, diverting valuable resources," explains Bank Zero CEO…
"We see a future where banks connect seamlessly with every aspect of a client's life – their health, finances, lifestyle, and aspirations. In this product release, we're enhancing our offering in five key areas to achieve this vision: financial…
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…
"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…
"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,…
“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…
Banking Biz is a New Africa Busines News Services (NABNS) publication launched in 2021 to focus on the banking industry (general), retail banking, business and commecial banking, corporate and Investment banking as well as financial planning. It remains a great resource of news for industry professionals, and for those who seek to learn more about the financial sector developmets.
Subscribe to our weekly newsletter to get the latest insurance and economic news in SA.
Banking Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
© Banking Biz 2008-2026
