Banking News

The Banking community of South Africa South Africa Banking news

  • Repo rate remains unchanged
    on September 18, 2020 at 9:05 am

    SA Reserve Bank</span>The South African Reserve Bank (Sarb) has kept the repurchase (repo) rate unchanged at 3.5% per annum. This is the first time the Sarb has not decreased the repo rate since the advent of Covid-19 in the country in March. In that month, the central bank's Monetary Policy Committee cut the repo rate by 100 basis. A second 100 basis points cut was announced in April. This was followed by two 25 basis point decrease in May and a further 25 basis point cut in July.Read more... | Send to a friend

  • How did SA's major banks fare in an unprecedented crisis?
    on September 11, 2020 at 9:30 am

    [[]]</span>The impact of the Covid-19 pandemic and the resultant economic stresses and strained operating environment reflect in the major banks' results ending June 2020...Read more... | Send to a friend

  • Mobile payments will unlock new business for banks in Africa
    on September 8, 2020 at 9:43 am

    Tijsbert Creemers, managing director and partner, Boston Consulting Group</span>Mobile payments and other phone-based transactions represent a must-win opportunity for banks in Africa. The estimated market in facilitating payments alone is $500bn and, providing access to energy, healthcare, education and transportation, offers new business prospects.Read more... | Send to a friend

  • #PulpNonFiction: Beware of permanent solutions for temporary problems
    on September 7, 2020 at 9:00 am

    Bronwyn Williams highlights her key learnings in Lionel Shriver's The Mandibles: A Family, 2029-2047 and Edward Snowden's Permanent Record to emphasise that as we submit to further infringements on our privacy, freedom of speech, and freedom of movement in the effort to stop the spread of Covid-19, we must ensure that emergency measures designed to fight a temporary crisis do not become a permanent feature...Read more... | Send to a friend

  • Time for SA to put proactive and ambitious relief measures in place
    on September 3, 2020 at 12:15 pm

    South Africans are paying a high price for the prolonged lockdown and consequent devastation of the local economy with levels of emotional distress nearly as high as at the start of the lockdown five months ago.Read more... | Send to a friend

  • Will digital integration kill traditional banks?
    on August 31, 2020 at 4:28 am

    [[]]</span>From online shopping to financial transactions to e-learning - just about all aspects of life are feeling the march of technology advances. Well-established brands that were built on their physical and market presence are forced to adjust to potential disruption.Read more... | Send to a friend

  • Banks' strategies lack integrated ESG criteria
    on August 25, 2020 at 10:17 am

    Bongiwe Mbunge, partner at Mazars South Africa’s advisory division</span>Banks around the world have not yet fully integrated environmental, social and governance criteria (ESG) into their strategies.Read more... | Send to a friend

  • Project funding through true Europlaw International escrow banking platform
    on August 25, 2020 at 10:14 am

    Europlaw Group, situated in the Republic of South Africa and the United Kingdom, now offer project funding through our newly established escrow banking platform with the assistance of our preferred bankers. You need funding but you know that in a world where project funding almost never seems to materialize, that is most of the times the client's problem.Read more... | Send to a friend

  • #WorldEntrepreneursDay: Pezesha, Kenya's digital financial enabler platform and marketplace
    on August 21, 2020 at 5:00 am

    Every year, 21 August marks World Entrepreneurs' Day. The purpose of this day is to create awareness of entrepreneurs and innovation throughout the world.Read more... | Send to a friend

  • Experian downplays data breach
    on August 20, 2020 at 6:40 am

    [[]]</span>Experian South Africa has downplayed a data breach, in which it handed over the personal information of as many as 24-million South Africans and 793,749 business entities to a suspected fraudster, as an "isolated incident".Read more... | Send to a friend