All the help South African banks are offering consumers due to Covid-19

2020-04-01 12:28

Most of the assistance comes in the form of a debt repayment holiday.

Absa launches extensive coronavirus payment relief programme

2020-03-29 19:01

Absa announced on Sunday that it is introducing a comprehensive customer, business and corporate relief programme.

Coronavirus: Nedbank offers to help struggling clients, with debt holidays or more credit

2020-03-23 08:38

Nedbank says it will offer individual solutions to clients who are suffering cashflow challenges due to the coronavirus crisis.

ANALYSIS | How banks were battered in 2019

2020-03-15 12:34

The Big Four banks grew earnings by 2.1% in the 2019 financial year, noticeably below the 8.7% they achieved in 2018.

Standard Bank misses estimates as impairment charges jump

2020-03-05 13:52

Standard Bank Group's adjusted full-year profit rose 1.1%, missing estimates, as a moribund South African economy weighed on the continent’s largest lender.

Investing: Why Stanlib is raking in the money

2020-03-01 13:00

Stanlib earned R1.7 billion in net fee income in 2019 and increased its assets under management to R568 billion.

Standard Bank deputy chair steps down

2020-02-24 19:05

Standard Bank non-executive director and deputy board chairperson Dr Hao Hu has stepped down from the board.

Reserve Bank fines Standard Bank R30m, imposes penalties on 4 other banks

2019-12-20 18:03

The South African Reserve Bank has imposed administrative sanctions on five major banks due to weaknesses in the banks’ money laundering control measures. This didn't mean they had facilitated transactions involving money laundering, the SARB added.

Financial blow as Standard Bank cuts ties as CSA sponsor

2019-12-06 11:07

Cricket South Africa has received a financial blow with the news that Standard Bank will not renew their deal with the organisation when it expires at the end of April next year.

Truworths strikes R600m deal with Standard Bank to fund its UK chain

2019-09-26 16:23

Truworths bought shoe retailer Office for £154m in 2015, but last month wrote down £97m of its value as the retailer continued to struggle in a tough UK market.

 

Lockdown | To take or not to take a payment holiday?

2020-03-31 05:00

Experts say if you can afford to continue repaying your debts, resist the temptation to take a payment holiday, even if you qualify for the relief.

Coronavirus: Standard Bank extends payment holidays to personal accounts too

2020-03-29 14:27

Interest and bank charges will still be charged during the Covid-19 disaster, but individuals earning R7 500 or less per month can get a debt holiday.

Standard Bank unveils 90 day payment holiday for small businesses to soften coronavirus impact

2020-03-22 16:20

The banks says is will set up automatic new payment terms for all its clients with a turnover of less than R20 million per year who are up to date with payments and in good standing.

How misfortunes in ICBCS cost Standard Bank

2020-03-08 11:22

Standard Bank''s banking operations grew earnings by 5% but at group level, the bank reported a 'disappointing' 1% increase.

Standard Bank's landmark greenbond issue fetches US$200m

2020-03-02 22:38

The money raised through the green bond will finance climate-related projects like renewable energies, water efficiency and green buildings.

Over R400m given to Businesses by Standard Bank since Launch of Loan in 3 Minutes

2020-02-27 15:25

Standard Bank has seen a significant uptake of its new 3-minute overdraft since the launch of the offering in September 2019. Over R460 million has been issued to small and medium-sized enterprises in the period leading to February, 2020.

SA's banks: What to watch out for in 2020 as digital rivalries ramp up

2019-12-27 13:23

First it was price. But now banks want to outdo their peers in digital capabilities.

This is how Cassper Nyovest is bringing back his popular #FILLUP concert before the end of the year

2019-12-09 17:25

South African Hip Hop sensation, Cassper Nyovest is set to fill up another stadium this year.

Consumers win as disruptors force banks to lower fees

2019-12-03 17:11

According to Solidarity’s 10th annual bank charges report released on Tuesday, banks are now offering better benefits to their customers at lower prices to protect their market share, following fierce competition launched in the banking sector this year.

Court stops banking strike, Cosatu warns workers shouldn't risk their jobs by staying away

2019-09-26 10:12

Banking union Sasbo has been interdicted from proceeding with what would have been the biggest banking strike in 99 years.

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