Be wary of scammers, banking sector warns

2019-01-12 10:30

The banking industry has warned customers to always be vigilant of banking scams, especially when prompted for personal information.

Investors battle to swallow Absa's road to recovery tale

2019-01-02 07:41

By its own admission, Absa is lagging FirstRand, Nedbank and Standard Bank in the average number of products per customer and the loyalty of its clients.

UPDATE: Absa "gradually restoring services" after national glitch

2018-12-13 13:18

Absa says the problem is due to "technical challenges", which has affected its ATMs and bank cards.

Personal cost order will set bad precedent for public office, Public Protector tells ConCourt

2018-11-27 14:32

The "punitive personal costs" sought against Public Protector Busisiwe Mkhwebane over her legal bid to defend her Bankorp report could set a bad precedent for the public office, lawyers for the Public Protector argued on Tuesday.

Fitch confirms ratings of SA's major banks at notch below investment grade

2018-11-16 13:25

Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.

SA factory activity at 15-month low in October - Absa PMI

2018-11-01 11:32

South Africa’s manufacturing sector got off to a poor start in the fourth quarter as an index tracking factory activity fell to a 15-month low in October.

SA no longer tops all indices across African financial markets index

2018-10-18 21:47

South Africa has fallen in the Absa Africa Financial Markets Index for 2018 and no longer tops the index across all six pillars as it did in 2017.

Lenders give Steinhoff's Jooste more time to pay up

2018-09-25 17:55

Banks granted Steinhoff's former CEO, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an major accounting scandal.

Banks to continue testifying at State Capture Inquiry

2018-09-18 08:49

The Commission of Inquiry into State Capture will continue hearing evidence from major South African banks about how and why they cut ties with Gupta-linked companies.

Big SA banks stay resilient despite economic headwinds - PwC report

2018-09-10 19:34

PwC's analysis has found that the major banks have continued to spend considerable time and cost on their digital strategies, while enhancing loyalty programmes to attract a greater share of the "customer wallet".

 

Tentative signs of recovery in SA manufacturing - index

2019-01-09 12:09

For the first time since July 2018, respondents in the Absa Purchasing Managers' Index expect business conditions to improve in six months' time.

How to avoid the Janu-worry blues

2018-12-17 07:32

This is going to be a tough festive season for many South Africans.

FirstRand takes a leaf from Amazon's book to capture consumers

2018-12-10 08:54

FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources.

Absa's retail strategy takes shape to knock threat of new banks

2018-11-23 07:06

As the fight for dominance of South Africa’s retail-banking segment hots up, Absa is considering a change in tactics to boost revenue.

Capitec, FNB rule the roost in banking innovation - index

2018-11-02 14:40

While Capitec rose to the top among the banks overall, First National Bank posted the most improvement.

Markets likely to be disappointed, ratings downgrade could be 'close call' - financial analysts

2018-10-24 19:03

Although Finance Minister Tito Mboweni's first mini budget can be seen as an honest reflection of the economic situation in SA, markets may continue to be disappointed, while a ratings downgrade by Moody's may be a close call, financial analysts say.

JSE falls as global stock rout continues

2018-10-11 18:36

Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday’s trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.54% and 3.89% respectively.

#StateCaptureInquiry: Absa also refused to meet with Cabinet ministers over Gupta accounts

2018-09-18 18:47

Absa has been the third bank to testify at the inquiry headed by Deputy Chief Justice Raymond Zondo after Standard Bank and FNB.

Absa opens UK office, hopes to profit from post-Brexit trade in Africa

2018-09-13 13:55

The bank says the move will make it easier for UK companies to do business in Africa after the UK leaves the EU.

Absa tried to hit back at Nando’s – and now it is taking pain from competitors about its fees

2018-09-06 17:22

It's now basically a war between banks, triggered by a chicken restaurant.

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