Fintech can unlock business potential of African banks

2017-05-23 16:35

Fintech is turning traditional banking on its head and is disrupting the way ordinary Africans manage and use their money, says an expert.

The best apps for keeping you up to date with trends and celebs

2017-05-19 11:19

So how do you make sure you are top of the trends and up to date? It is as simple – there’s an app for that!

High bank charges force immigrants to send money home 'hand-to-hand'

2017-05-10 11:00

Migrants, refugees and asylum seekers in South Africa send billions of rands home to their countries of origin every year.

Are authenticated collections reinventing the debit order?

2017-05-09 13:54

Although introduced with good intentions, South Africa’s unique early debit order system is open to abuse, as is evident in the almost one million disputes lodged every month.

Trump considers breaking up large banks - report

2017-05-02 11:38

President Donald Trump is reviewing a possible breakup of large US banks, according to a published interview.

Relief as Zuma signs FICA bill into law

2017-04-30 15:15

The Banking Association of South Africa breathed a huge sigh of relief after President Jacob Zuma signed the Financial Intelligence Centre Amendment bill into law.

SIM-swap fraud: Consumers must be alert

2017-04-26 19:50

Although banks have measures in place to curb SIM-swap fraud, consumers must be vigilant, urges specialist business and IT consultant Liron Segev.

Wells Fargo claws back another $75m after fake accounts scandal

2017-04-10 17:55

Wells Fargo has gained another $75m in pay from two former executives who played key roles in the bank's fake accounts scandal.

Malawian bank targets Barclays Bank Zimbabwe

2017-03-28 16:16

First Merchant Bank Malawi says it has approached Barclays Bank and is now in talks for the possible acquisition of a controlling shareholding in Barclays Bank of Zimbabwe.

Coovadia: Banking's white monopoly capital myth must be dispelled

2017-03-14 12:31

SA's banking industry has made much progress and any suggestion that it is the least transformed in the country is incorrect, says Banking Association of SA MD Cas Coovadia.


The benefits of an offshore bank account

2017-05-16 15:57

An offshore account holds numerous benefits, and it is not as time-consuming, complicated or expensive as you think.

SA still has most subsidiaries in Africa but rivals catching up

2017-05-10 06:02

South African companies have the highest number of subsidiaries in the rest of Africa market but competition is fast rising from Kenyan and Nigerian firms, says the IMF.

High fees tops 6 reasons why South Africans shun banks

2017-05-05 11:26

South Africans generally mistrust the banking system due to high transaction fees and fears of exploitation, according to a study by the Boston Consulting Group.

FICA bill battle is far from over

2017-04-30 17:29

The Financial Intelligence Centre Amendment bill has finally been signed into law, but the focus now turns to the careful monitoring of its implementation.

Capitec CEO earned R13m in 2016 - report

2017-04-27 09:45

Capitec CEO Gerrie Fourie earned over R13m for the financial year, trailing behind counterparts like Maria Ramos of Absa at R29.5m and Mike Brown of Nedbank's R22.2m.

UK govt sells green bank in £2.3bn deal

2017-04-20 16:38

The UK Green Investment Bank is to be sold to Australian financial services firm Macquarie Group in a £2.3bn deal, says the government.

FULL STATEMENT: S&P downgrades SA banks

2017-04-06 09:46

Rating agency Standard & Poor’s has downgraded South Africa’s banks to non-investment grade, to fall in line with its rating of the country. Here is its full statement.

Capitec earnings rise on record client growth

2017-03-28 15:43

Capitec Bank achieved a record growth of 1.3 million new clients for its financial year to February 2017, and reported 18% growth in headline earnings to R3.8bn.

Banks on offensive to parry political attacks

2017-03-14 10:01

South Africa’s banks are going on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality.

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