New head of Banking Association South Africa named as Cas Coovadia steps down

2020-03-31 15:10

Bongiwe Kunene has been appointed the new managing director of the industry body.

SA Reserve Bank to buy govt bonds to inject liquidity into market amid Covid-19 crisis

2020-03-25 12:05

This follows an initial raft of interventions announced last week to provide lenders with cheaper access to funding.

Banks' appeal dismissed in forex manipulation case

2020-02-29 08:34

The Competition Appeal Court has set aside a Competition Tribunal order which had partially ruled in favour of 17 banks involved in a rand-dollar forex manipulation case.

Banking on beliefs

2020-02-27 09:57

Many believe that negativity about South Africa’s banking sector originated locally. Schalk Louw strongly disagree

These are the 5 biggest bombshells from a new report on Trump's money and Deutsche Bank

2020-02-17 05:36

While numerous banks viewed Trump's past bankruptcies as a sign to steer clear, Deutsche Bank used him and his business empire to rapidly grow.

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.

 

Lockdown | Banks to waive ATM penalty fees, offer customers a helping hand

2020-03-26 15:44

Banks have taken a number of steps to soften the blow of lockdown on customers, including waiving Saswitch penalty fees at ATMs and minimising branch closures, the Banking Association of South Africa has said.

Top, senior bank management still too white and male - report

2020-03-09 21:46

The proportion of black executive directors in South Africa's banking industry improved over the period from 2016 to 2018 but remains below the industry target of 50%.

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.

As competition heats up, Capitec keeps online fees unchanged

2020-02-17 19:54

Capitec, the country's biggest bank by client numbers says its fees for digital banking and debit orders will remain unchanged in 2020, in the face of increasing competition to retain clients.

Motsepe's TymeBank partners with Zion Christian Church

2020-02-02 12:35

African Rainbow Capital, founded by billionaire SA businessman Patrice Motsepe, announced that TymeBank, in which ARC has a majority shareholding, has entered into a partnership with the Zion Christian Church.

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.

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