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.

TymeBank appoints new CEO

2019-08-07 12:10

TymeBank has appointed Tauriq Keraan as its new CEO with immediate effect.

Nedbank physically shrunk by 29% more last year – and it isn’t done contracting yet

2019-08-06 16:41

Between cutting branches and shrinking others, Nedbank "saved" 29% more branch floor space over the past year, and it is not done cutting back yet.

A fired Deutsche Bank trader reportedly sent 450 internal messages after leaving — and the bank is probing a potential client data breach

2019-07-29 14:02

Around 50 traders in London and New York had access to work emails weeks after leaving, in another black eye for the beleaguered bank.

Deutsche Bank managers got lavish suits made while thousands got the axe

2019-07-10 11:40

Deutsche is being slammed for paying $52 million 'golden parachutes' to fired execs.

Court slams bank for taking credit agreement debt from accounts without permission

2019-06-29 10:00

The SA Human Rights Commission welcomes the judgment handed in a case between the National Credit Regulator and Standard Bank.

African Rainbow Capital and Ethos Private Equity announce investment deal

2019-06-10 15:54

African Rainbow Capital and Ethos Private Equity have jointly announced an investment of R200m by the Ethos Artificial Intelligence Fund and co-investors in TymeBank.

Standard Bank branch closures: Here's how you will be affected

2019-06-04 20:00

Standard Bank has made available a lost of branches which have been closed as the bank realigns its banking services. Here are the regions that will be affected.

Tymebank reaches 250 000 customers milestone

2019-04-30 21:38

Digital bank TymeBank reports that it has signed its 250 000th customer.

FNB CEO: We want to be like Spotify for your financial playlist

2019-04-29 06:30

FNB CEO Jacques Celliers shares insights on the bank's journey from digital to platform banking.


Global banks are cutting 30,000 jobs this year. It's a sign the banking crisis is only getting worse.

2019-08-12 14:05

Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.

Bank of Baroda SA fined R400 000 by Reserve Bank regulator

2019-08-06 18:34

Bank of Baroda SA has paid R400 000 in administrative penalties into the Criminal Assets Recovery Account within the National Revenue Fund, after being fined by the SA Reserve Bank's Prudential Authority.

Banking union plans largest strike since 1920

2019-08-05 20:01

South Africa's biggest financial union is threatening to disrupt the country's banking industry by leading its 73 000 members on a strike next month, in what would be its largest industrial action in almost a century.

Choose the right bank account to grow your savings

2019-07-18 10:22

An estimated 16 million South Africans have cash in bank savings accounts, but a staggering 40% of people have placed this money in low interest-bearing savings accounts.

Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank.

2019-07-06 13:39

The CEO of Germany's biggest bank is expected to announce a massive overhaul on Sunday. It's been a rough few years for the beleaguered lender.

Gauteng 'tops' for ATM related robberies, Eastern Cape for bank robberies - new study

2019-06-26 20:56

Most robberies after people withdrew money at an ATM or inside a bank branch occur in Gauteng, according to a report by the SA Banking Risk Information Centre.

Absa separation from Barclays on track for completion in 2020

2019-06-08 14:19

Absa's programme to separate from Barclays is 69% complete and 184 of the 266 projects have already been delivered, two years into the three-year programme.

Surge in miners fails to lift JSE

2019-05-28 18:17

The JSE closed flat on Tuesday despite significant gains being recorded by the resources index.

From guarding flamingo feathers to furthering fintech - how FNB made it to 180 years

2019-04-29 20:24

From accepting wool and flamingo feathers for safe keeping, to providing innovative tools for people to manage their finances, the message of helping people has been consistent over FNB's 180-year existence, says CEO Jacques Celliers.

Nedbank to create job opportunities for over 3 000 youth, as part of YES initiative

2019-04-27 13:15

As part of Nedbank's commitment to the Youth Employment Service, it will sign on 3 315 youth through its skills development programme.

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