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South African credit cards compared

South African credit cards compared

Capitec has launched a credit card offering bringing it in line with the other four big retail banks in the country offering credit accounts – this is how they compare.

Banking - By Staff Writer | 22 January, 2017
Capitec has launched a new credit card: everything you need to know

Capitec has launched a new credit card: everything you need to know

South Africa’s third biggest bank, Capitec has quietly launched its credit card offering nationwide.

Banking - By Staff Writer | 18 January, 2017
Dubai business shows interest in buying Absa

Dubai business shows interest in buying Absa

Dubai-based Abraaj Group has shown interest in buying Barclays Group’s African business – known as Absa locally – Bloomberg reports.

Banking - By News24Wire | 17 January, 2017
South Africa’s buy-to-let market is mediocre: analyst

South Africa’s buy-to-let market is mediocre: analyst

The buy-to-let picture in South Africa remains one of mediocrity, says household and property sector strategist at FNB Home Loans, John Loos.

Banking - By Staff Writer | 17 January, 2017
Absa faces R2.25 billion apartheid bill: report

Absa faces R2.25 billion apartheid bill: report

The latest edition of the Mail & Guardian reports that a leaked report from the office of the Public Protector makes recommendations that Absa bank repay a R2.25 billion bailout it received during the apartheid era.

Banking, Business - By Staff Writer | 13 January, 2017
5 things you need to know in South Africa today

5 things you need to know in South Africa today

Zuma says there’s no tradition of deputies becoming presidents, and thinks its time for a woman to lead South Africa; a trial ‘missing middle’ student funding scheme would see SARS take money back once students start working; and FNB clients are fighting back after losing valuables in two heists.

Banking, Finance, Government - By Staff Writer | 13 January, 2017
R1.7 million reportedly stolen in second FNB bank heist

R1.7 million reportedly stolen in second FNB bank heist

First National Bank has been hit by a second bank heist in as many months – with the SAPS reporting that R1.7 million has been stolen from the bank’s branch in Parktown, according to EWN.

Banking - By Staff Writer | 3 January, 2017
Meet the most secure coin in the world, the new British pound

Meet the most secure coin in the world, the new British pound

The new UK £1 coin will enter circulation on 28 March 2017, and is said to be the most secure coin in the world.

Banking - By Staff Writer | 1 January, 2017
Set your financial goals for 2017

Set your financial goals for 2017

It’s nearly the end of the year and whether or not your finances are in good shape, it’s still important to review your finances, and to prepare for the new year.

Banking, Finance - By Staff Writer | 27 December, 2016
Watch: How ATM skimmers are used to steal your money

Watch: How ATM skimmers are used to steal your money

Security site KrebsOnSecurity has published two “promotional sales videos” showing how ATM skimmers are installed.

Banking - By MyBroadband | 19 December, 2016
Reserve Bank fines Absa R10 million after money laundering probe

Reserve Bank fines Absa R10 million after money laundering probe

The South African Reserve Bank (SARB) has imposed fines on two local banks because of weaknesses it found in their control measures to combat money laundering.

Banking - By Staff Writer | 15 December, 2016
SA bank seeks protection from political interference – report

SA bank seeks protection from political interference – report

Standard Bank is seeking protection against political interference amid waves of pressure it has faced for closing the company accounts of Oakbay.

Banking, Finance - By Staff Writer | 15 December, 2016
Mauritius named among ‘world’s worst’ corporate tax havens

Mauritius named among ‘world’s worst’ corporate tax havens

A new report names and shames 15 of the world’s worst tax havens, including the Indian Ocean island nation of Mauritius.

Banking, Wealth - By Staff Writer | 12 December, 2016
How to avoid being scammed at ATMs

How to avoid being scammed at ATMs

ATM and ADT devices offer enhanced functionality and convenience to customers, allowing 24/7 transacting and whilst ATMs are convenient, it makes sense to exercise caution and vigilance when transacting.

Banking - By Staff Writer | 11 December, 2016
Don’t fall for this new scam that tries to get your FNB banking details

Don’t fall for this new scam that tries to get your FNB banking details

FNB is warning its customers to look out for a new scam that tries to fool clients into giving their banking details and passwords to avoid having their accounts closed.

Banking - By Staff Writer | 10 December, 2016
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