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…
"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…
“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,…
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.…
"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.
"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…
“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…
"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…
“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…
"It's good to see that, overall, the banking industry remains the best performing industry in terms of public social media sentiment amongst South Africans. From Discovery Bank's perspective, we want to know how our clients feel and what is…
"Whilst saving in a Stokvel is beneficial and offers numerous financial and social benefits, it also poses risks as group members can become key targets for criminals. This is more prevalent with those individuals who are receiving their contributions…
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