Banking News

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  • South African banks count cost of replacing ATMs looted during unrest
    on July 30, 2021 at 12:52 pm

    Members of the military look at damaged ATM machines outside a bank as the country deploys army to quell unrest linked to jailing of former President Jacob Zuma, in Soweto, South Africa, 13 July, 2021. Reuters/Siphiwe Sibeko</span>South African banks said that replacing 1,400 automatic teller machines (ATMs) vandalised and looted during recent violent unrest could take about two months. Read more... | Send to a friend

  • FNB searches for top tech talent - 300 openings
    on July 30, 2021 at 9:33 am

    FNB is looking to recruit 300 experts with engineering, technology, data and quant skills to supplement its existing cohort of more than 5,000 equivalent skills. It is looking for industrial engineers, software developers, cloud engineers, cybersecurity specialists, data and quant scientists, systems and solutions architects, test engineers, chemical and mechanical engineers, actuaries, business and systems analysts, customer and user experience specialists, as well as content and design specialists. Read more... | Send to a friend

  • Consumers encouraged to save during Savings Month
    on July 29, 2021 at 10:33 am

    With South Africans having one of the lowest household savings ratios in the world, at just 0.6%, National Savings Month in July provides a great opportunity for South Africans to consider their saving habits and how they can save more. Read more... | Send to a friend

  • Stating the case for mobile money in South Africa
    on July 29, 2021 at 6:36 am

    Jaco Saunders, commercial director, MACmobile</span>South Africa stringent banking legislation has been a significant barrier to the country's participation in Africa's massive mobile money market. However, the potential for mobile money solutions cannot be ignored, and financial institutions are partnering with start-ups to deliver innovative offerings. Read more... | Send to a friend

  • More Nigerian banks are using chatbots to serve customers, but with mixed results
    on July 27, 2021 at 12:54 pm

    Chatbots can be utilised to enhance customer experience. PIUS UTOMI EKPEI/AFP via Getty Images</span>Chatbots are becoming an integral part of service provision around the world. Chatbots are computer programs designed to simulate a conversation - both voice and text - with human users, especially over the internet. They are described as a never-sleeping, cost-efficient and powerful way to provide basic support to consumers. Chatbots can respond faster to customers and even personalise consumer experiences as they are programmed to understand the patterns of interactions. Read more... | Send to a friend

  • Repo rate unchanged at 3.5%
    on July 23, 2021 at 6:41 am

    Lesetja Kganyago, Sarb governor</span>The Monetary Policy Committee (MPC) agreed unanimously to leave the repo rate unchanged, opting to keep it at the current 3.5% per annum. Read more... | Send to a friend

  • Reinventing multilateral development banks
    on July 21, 2021 at 2:45 pm

    Source: ©Mark Atkins [[]]</span>Can development banks and agencies mobilise their capabilities, capacity and capital to emerging economies aren't left behind? Read more... | Send to a friend

  • #BehindtheMask: Nedbank IMC speaker Sydney Mbhele
    on July 21, 2021 at 8:00 am

    Sydney Mbhele, chief executive: Brand at Sanlam, a member of Exco and chairman and board member of the Marketing Association of South Africa (Masa). He is also the co-founder and chairman of Mentor A Boy Child. Read more... | Send to a friend

  • Sabric warns dye-stained cash won't be honoured
    on July 19, 2021 at 8:26 am

    Source: Getty/Gallo</span>The South African Banking Risk Information Centre (Sabric) has warned retailers against accepting dye-stained bank notes as legal tender, as the onward use and value of these notes will not be honoured. Read more... | Send to a friend

  • Standard Bank set to buy out Liberty
    on July 16, 2021 at 5:36 am

    Source: ©Rowan Jackson [[]]</span>Standard Bank is planning to buy up the 46% of shares in Liberty it does not already own, to take full ownership of the insurance company. Read more... | Send to a friend