Loading...
News Updates:

Retail Banking

 

Retail Banking / 17-07-24 / Shelly Nxumalo

Africanbank's Audacious Rewards achieves loyalty milestone

"The success of Audacious Rewards is a testament to our commitment to putting our customers first. With the audacity to believe in a better financial future, we have created a programme that truly rewards our customers for their loyalty and…

Retail Banking / 16-07-24 / Shelly Nxumalo

Finding the right financial products to serve the underserved

“At its most basic, the issue is that so many people remain underserved by traditional banking products, and so miss out on all the benefits that come with access to a modern banking system. But the deeper challenge, the underlying cause of…

Retail Banking / 11-07-24 / Garry Khumalo

FNB survey reveals that nearly 50% of South Africans don't have a retirement plan

"This year's study validates the ongoing financial and knowledge barriers that South Africans face, which impede effective retirement planning. However, the responses also show a greater awareness of the importance of education in overcoming…

Retail Banking / 08-07-24 / Tommy Jackson

Higher-for-longer interest rates present a unique opportunity for savvy SA savers

"Given the continued high interest rates, but gradually declining inflation, we encourage South Africans to take advantage of this distinctive saving environment that will undoubtedly reward strategic financial thinking.  Taking the time to…

Retail Banking / 08-07-24 / Daniel Nkosi

Standard Bank sees some recovery in the first-time homebuyers market

“It is encouraging to see a growing proportion of first-time buyers in our book. As the leading lender for first-time homebuyers, we have maintained a steady risk appetite to ensure ongoing support for aspirant homeowners. The rise in applications…

Retail Banking / 27-06-24 / Shelly Nxumalo

Nedbank partners with Western Union to offer state-of-the-art money transfer solution

“Whether it's a parent supporting a child studying overseas, a spouse or an adult child managing expenses for their family back home, or just sending some money to pay for an important celebration, this partnership ensures that people can stay…

Retail Banking / 26-06-24 / Shelly Nxumalo

Standard Bank records an increase in consumers using balloon payments in the last 5 years

"Given the current cost of living crisis, and the 15-year high interest rates in South Africa, consumers are looking for more ways to stretch their budgets. High fuel costs have added to consumer strain by pushing up vehicle ownership costs…

Retail Banking / 19-06-24 / Koketso Mano

Koketso Mano | Consumer inflation steadied in May

"We should see headline inflation continue its plateau in June. Monthly pressure should remain subdued, as higher core inflation, supported by new data on housing price pressures, is mitigated by fuel deflation," says Koketso Mano, FNB Senior…

Retail Banking / 19-06-24 / Tau kaVodloza

Unlocking the potential of stokvels as pathway to build generational wealth

“Stokvels have always been seen as mainly a collective savings vehicle. They are groups where ordinary people pool their money and store it for when they need it one day. We believe that stokvels can, and should, be much more than just money…

Retail Banking / 12-06-24 / Shelly Nxumalo

Standard Bank announces MVNO collaboration with MTN

“We are excited to collaborate with MTN and the opportunity to provide our customers with a range of newly differentiated mobile plans. The transition will be gradual, where we invite our customers to join us on our pilot program, helping us…

Retail Banking / 12-06-24 / Chris Smit

Payment24 introduces innovative fuel voucher solutions

“In a market that is increasingly adopting digital currency, the need for versatile voucher solutions is paramount. With the rising cost of fuel, our fuel vouchers offer a practical and efficient alternative for consumers and fleet operators…