ARTICLES RELATING TO BANKING SECTOR

Mboweni: State-owned bank will tackle sector discrimination

2019-07-12 15:28

Finance Minister Tito Mboweni says National Treasury has agreed to start the process of developing a state-owned commercial bank, with Deputy Finance Minister David Masondo in charge of the process.

Credit card fraud is getting worse. Here's how you can protect yourself

2019-04-10 08:36

With credit card fraud rising at an alarming rate in the first quarter of the year, the Ombudsman for Banking Services has provided 10 tips to avoid becoming a victim of scammers.

Cosatu vows to revive decade-old plans for workers' bank

2018-11-30 06:45

The establishment of a workers' bank has long been a goal of the trade union federation.

Sell African Bank to black investors to atone for Meeg’s demise

2018-07-26 13:39

Government needs to show it is serious about helping to create a sizeable black-owned and managed lender rather than saving a tiny bank like VBS, which can't compete with established commercial banks.

Standard Bank eyes West Africa growth

2018-04-11 05:15

Standard Bank is seeking a banking license in Senegal after opening in Ivory Coast as the lender expands in West Africa’s French-speaking countries.

FNB CEO: It's not about the tech, its about hearts and minds

2018-03-07 09:40

FNB CEO Jacques Celliers says that while the bank has shifted its "centre of gravity" to digital banking over the past few years, cutting-edge tech alone cannot retain and grow customers.

More bank for your buck

2018-02-21 10:05

Four new banks are launching in South Africa this year, which could mean lower costs, more choice and a better experience overall for consumers.

Moody's now places SA Inc on downgrade review

2017-11-29 15:44

Moody’s has placed a number of cities and municipalities, banks, businesses and insurance groups on review for downgrade, after doing the same for the country's sovereign debt.

Uncertainty reigns over banks’ transformation targets

2017-09-19 13:54

Will new regulations oblige banks and financial services institutions to comply with radical targets in an attempt to accelerate black ownership and inclusion?

How to value different sectors

2017-05-09 14:53

There are very specific things to consider when determining the value and investment potential of specific sectors. This week, finweek contributor Simon Brown looks at the banking sector.

 

SA banks compete with free burgers, petrol and hip-hop

2019-04-24 07:38

From free burgers and ride-hailing services to hip-hop concerts and discounted petrol: South African banks are going all out to win customers as competition hots up.

Logging in to your bank account is now a $3bn business

2019-01-14 22:39

San Francisco-based startup Plaid plans to announce that its buying New York-based Quovo, for possibly R2.8bn.

VBS, Jacob Zuma and the 'sham' Nkandla bond he couldn't afford

2018-10-14 10:51

Scandal-ridden VBS Mutual Bank gifted former president Jacob Zuma an R8.5m bond which he could not afford, and at least nine months before any documents were signed to give the bank security over the loan, an investigation reveals.

EXPOSED: The power struggle rocking VBS Mutual Bank’s main shareholder

2018-07-13 12:26

A power struggle between two central figures in Vele Investments, the company which may have become beleaguered VBS Mutual Bank’s majority shareholder through fraudulent means, has led to claims that one has illegally fired the other.

CEO: June D-day as 60 suitors line up to buy SA's Mercantile Bank

2018-03-07 15:53

The bank's CEO Karl Kumbier says about 60 SA and foreign companies have expressed interest in buying the bank from its Portuguese owners.

FNB half-year profits up 11% as app use soars

2018-03-06 13:21

FNB's South African business reported R9.8bn in pre-tax profits for the six months ended 2017.

Winslyn looks at SA's four new incoming banks

2018-02-14 15:12

Four new banks are coming into the SA market in the coming months. kykNET's Winslyn speaks to finweek editor Jana Marais about the value proposition and impact on local consumers.

Capitec named SA bank with best social media buzz

2017-11-06 15:44

A new report by BrandsEye, based on 1.8 million social media posts, found Capitec to have the best online 'net sentiment' of SA's big five banks.

Tiered licenses mooted to help new entrants into fin services

2017-09-07 15:52

National Treasury has supported a proposal to adapt stringent banking license regulations to allow smaller, black-owned banks to emerge.

SARB denies 'defending banking sector'

2017-03-29 10:34

The South African Reserve Bank has denied media reports that its deputy governor Kuben Naidoo is “defending the lack of transformation in the banking sector".

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