"Back in 2019, the market was registering on average R14 billion of home loans a month. This number surged to around R20 billion per month in 2021 and 2022, driven by eager first-time buyers wanting to capitalize on relatively stable housing…
"Three out of seven categories recorded an increase in annual volumes. The general dealer category was largely responsible for the expansion, at 7.3% y/y, contributing 3.3ppts to the headline number, supported by clothing and footwear sales,"…
"Stokvels are more than just savings groups; they are a cherished tradition, a lifestyle of collective empowerment, and a testament to the spirit of Ubuntu. These group savings circles bring together friends, families, and neighbours, fostering…
“We anticipate that more customers will benefit from Double Fuel Rewards because we made the changes in line with consumer spending trends. We also constantly seek feedback from our clients on what works for them, and we’ve seen that customers…
"This points out that for inclusive banking to break across the 50% barrier and soar further, several things must be achieved. Attention will have to be given to infrastructure development in regions where poor internet and mobile phone networks…
"This volume of payment approvals via our CashPro App reflects a shift in client behavior and digital banking expectations over the last few years. The app's innovative design offers a convenient and secure client experience through which users…
"Choosing the right vehicle finance is crucial not only to managing your budget effectively, but also to ensuring that the choices you make today align with your future lifestyle and long-term financial goals," says Dumisani Zwane, Executive…
"Headline inflation should continue its relative stability in July. This is despite monthly pressures lifting strongly on utility cost increases and intensifying food price pressures. Nevertheless, fuel deflation, following the R1 per litre…
"Despite rates predicted to edge lower, benefits to customers might take a bit longer to filter through. Since November 2021, the price of electricity has increased by an average of almost 30%, or 23% above inflation. This added more pressure…
"Everyone who interacts with Discovery, will know we place the highest importance on our client satisfaction through our products and service. It is no different for Discovery Bank, the youngest business in our SA group. It's gratifying to know…
"The data shows that the ability to build adequate cash saving for use in an emergency, is not only dependent on earning a higher income. Having cash savings on hand is the cornerstone of healthy money management and likely the most important…
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
