Motsepe starts online challenge to SA banks

2018-11-09 20:33

TymeBank, owned by billionaire Patrice Motsepe, has started signing up customers for its new online bank, one of several entrants planning to take clients from traditional lenders.

Ramaphosa: VBS can rise from the ashes

2018-11-06 14:51

VBS should serve the poor and those in rural areas as it was intended to - once it has risen "from the ashes", President Cyril Ramaphosa has said.

The big heist: Where is Zimbabwe's cash going?

2018-11-04 10:01

Zimbabwe is currently going through serious shortages of literally everything from bottled water to bread - this at a time when deposits in Zimbabwean banks are at an all-time high.

Banking authority files for liquidation of VBS

2018-10-30 13:48

The Prudential Authority, formerly known as the Registrar of Banks, has filed court papers seeking the liquidation of VBS Mutual Bank.

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.

7 tips to protect yourself from malicious software, spyware

2018-10-09 09:01

Malicious software, spyware and key loggers are three ways cyber criminals use to obtain sensitive information from unsuspecting consumers.

Banking scams: You've heard of phishing, but what about vishing and smishing?

2018-10-08 11:15

Digital technology has provided new ways for criminals to commit digital banking crimes, warns the SA Banking Risk Information Centre.

Business owners can now pay their staff via Shoprite — for free

2018-10-03 08:23

Businesses can pay staff, even those without bank accounts, using Shoprite's mobile wallet service.

'Substantial value' as Old Mutual unbundles majority shareholding in Nedbank

2018-09-27 10:25

Old Mutual Limited has announced the unbundling of its majority shareholding in Nedbank to its shareholders.

SARB warns of 'catastrophic' impact if banks kept Gupta accounts open

2018-09-24 19:00

SA’s “big four” banks could have been locked out of the international payments system if they had kept Gupta bank accounts open, says the SARB deputy governor.

 

Debit fraud: Here is how SA's big 4 banks are handling it

2018-11-08 10:19

For bank account holders who have been victims of debit order fraud, the big four banks share their remedies.

Debit order fraud: Beware of sharing your banking details

2018-11-06 06:28

Payments Association of South Africa has warned consumers to be cautious when sharing personal information which can be used by fraudsters to make unauthorised debit orders.

Naidoo: VBS bank's purpose obliterated, crippled by pillaging, looting and extensive frauds

2018-10-30 17:46

The wide-scale looting of nearly R2bn from VBS Mutual Bank has stripped the bank of the very reason for its existence.

Capitec ranked 1st in SA, 3rd in world - global banking study

2018-10-25 15:26

For the third year in a row, Capitec Bank was ranked the top South African bank in the Lafferty global rankings and came in third overall in the world.

Manuel: SA needs younger leaders to progress

2018-10-22 20:10

South Africa will lag behind technologically if too many of its leaders are "on the wrong side of the age distribution curve," former finance minister Trevor Manuel has said.

Banking scams: Two-step verification isn't as safe as you think

2018-10-08 17:46

Criminals can approach your mobile service provider, pretending to be you, and request a transfer of your existing cell phone number to their new SIM card.

Cybercrime now 55% of gross losses in SA banking industry - report

2018-10-04 20:30

More than half of the gross losses due to crime reported to the SA Banking Risk Information Centre (SABRIC) occur online.

Leaked internal memo shows how Bank of America is trying to persuade London bankers to move to Paris

2018-10-02 13:07

Bank of America Merrill Lynch plans to move as many as 400 sales and trading jobs to Paris as part of Brexit preparations.

Capitec took 10.5 million customers from the big banks — here’s how it is about to go after business banking too

2018-09-26 18:17

Capitec plans to expand into business banking, which may include the acquisition of Mercantile Bank.

WRAP: #StateCapture inquiry: Mosebenzi Zwane made 'threat' about Nedbank's licence

2018-09-19 19:02

Former Mineral Resources Minister Mosebenzi Zwane tried to pressure Nedbank to take on Gupta-linked accounts in an effort to save jobs, the state capture commission has heard.

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