More job losses loom for Zim's banking industry

2020-01-07 21:29

After shedding 8% of their workforce last year, Zimbabwean banks may cut more jobs in 2020 as the economy shrivels and the sector increasingly shifts away from cash and toward digital services.

Ombud: Check your bank statements thoroughly

2019-12-24 14:45

Allegations of maladministration by banks accounted for 39% of cases completed by the Ombudsman for Banking Services so far this year.

ATM fraud a biggie in Cape Town CBD over festive season

2019-12-21 07:01

ATM fraud is usually one of the most prevalent crimes in Cape Town's CBD over the festive period, according to the Cape Town Central City Improvement District.

Beware new scam, warns BRICS New Development Bank

2019-12-03 14:44

The BRICS countries' New Development Bank warns of an e-mail scam in which criminals, posing as bank employees, are trying to defraud the public.

Banks facing even bigger risk of cyber attacks - Moody's

2019-10-21 17:22

Banks are at increasing risk of cyber attacks as their operations become more digitised, Moody's Investors Service warns in a new report.

R954bn in 'zombie buildings' as India's real estate funding crunch hits

2019-10-04 16:12

Ashish Shah is caught in the middle of India’s latest financial crisis. As chief operating officer of Radius Developers, he’s struggling to fund construction of apartment complexes because of a liquidity crunch in the nation’s bloated shadow-banking sector.

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.

Court can stop bank strike on Wednesday

2019-09-23 15:36

Business Unity South Africa, representing SA's major banks, has filed a court application to interdict a planned bank strike.

What does it mean to be financially healthy?

2019-09-17 10:30

Much like our physical health, we expect our money and financial circumstances to take us where we need them to and provide for us without us having to think much about it. This is the mark of someone financially healthy – but what if you’re less healthy than you think?

Don't bank on digital disruptors, says Nedbank CEO

2019-08-29 13:48

The future of banking will be technology-led, but it remains unclear whether new players will be able to compete with traditional banking institutions in terms of scale and profitability, Nedbank [JSE:NED] chief executive officer Mike Brown said on Wednesday.


Glitch 'wiped out' Discovery Bank clients' balances to R0.00

2020-01-07 11:07

A "limited number" of Discovery Bank clients were affected on Friday evening.

BRICS Bank approves R6bn for Eskom project

2019-12-24 11:32

The board of the New Development Bank has approved funding of R6bn for a special project at Eskom.

A former Credit Suisse executive says she was spied on — months after a top banker made similar accusations

2019-12-13 14:36

Colleen Graham alleges the bank withheld her 2016 bonus, hinted at firing her, and had her followed after she refused to manipulate revenue figures.

Here’s how Bank Zero’s patented debit cards work – and why your card number will never have to change

2019-11-13 12:14

Bank Zero has patented debit cards that have three different numbers, two of them invisible, which it says will make life a lot easier for customers when it launches in 2020.

Mboweni approves Capitec acquisition of Mercantile

2019-10-09 18:08

Capitec's acquisition of Mercantile Business Bank has been formally approved by Minister of Finance Tito Mboweni and other regulatory authorities.

ANC's Enoch Godongwana takes over as chair of DBSA

2019-09-29 14:31

The ANC's head of economic transformation, Enoch Godongwana, is the new chairperson of the board of the Development Bank of Southern Africa.

Labour court to rule this morning whether bank strike can go ahead

2019-09-25 15:15

The labour court will on Thursday rule on whether the finance union Sasbo can go ahead with a bank strike on Friday.

Discovery Bank will soon have some of the basic functions it was missing at launch – plus extras like converting Discovery Miles to cash

2019-09-21 10:03

The new bank, which launched in June, said it is ahead of target with the number of clients joining and ready to start turning on new functions.

A new generation of banking is changing the way South Africans do money

2019-09-17 10:27

The tide is turning towards banking. What if the new generation of banks could make us better with money – and better citizens too?

Mobile phones are replacing bank accounts in Africa

2019-08-13 10:22

Sub-Saharan Africa has more mobile-money accounts than anywhere else in the world with about 396 million registered users at the end of 2018, a 14% increase from a year earlier, according to the GSM Association.

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