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How much it costs to pay back a R100,000 loan in South Africa

How much it costs to pay back a R100,000 loan in South Africa

Capitec bank has released as series of case studies showing how long it takes the average South African to pay back a R100,000 loan including interest and service fees.

Banking - By Staff Writer | 30 March, 2017
1,000 SA families are losing their homes every month to crushing debt

1,000 SA families are losing their homes every month to crushing debt

There has been a substantial increase in financially distressed consumers applying for debt review in the past financial year.

Banking - By Staff Writer | 29 March, 2017
Most SA home sellers are being forced to drop their asking price to make the sale

Most SA home sellers are being forced to drop their asking price to make the sale

In a constrained economic climate, the residential property market tends to move away from the ‘market equilibrium price’ due to resistance by sellers to drop their price, says FNB.

Banking - By Staff Writer | 28 March, 2017
Capitec adds a record 1.3 million new clients

Capitec adds a record 1.3 million new clients

Capitec Bank has reported a record growth of 1.3 million new clients – to 8.6 million during the financial year ended February 2017.

Banking - By Staff Writer | 28 March, 2017
The 3 most common scams used to defraud bank customers in South Africa

The 3 most common scams used to defraud bank customers in South Africa

South African criminals are becoming more and more sophisticated in their fraud scams, but consumers who familiarise themselves with the most well-known scams and the means to protect themselves are much safer than regular victims, according to analysts at African Bank.

Banking, Finance - By Staff Writer | 24 March, 2017
Capitec makes first major move overseas in R283 million deal with online only lender

Capitec makes first major move overseas in R283 million deal with online only lender

Capitec has made its first move into international markets by acquiring a 40% stake in European online lender, Creamfinance, for €21 million – or R283 million.

Banking - By Staff Writer | 24 March, 2017
6 ways SA banks have to treat customers differently by May 2017

6 ways SA banks have to treat customers differently by May 2017

Analysts are warning banks and customers of “the single most significant financial sector regulatory reform that South Africa has ever experience”.

Banking - By Staff Writer | 21 March, 2017
Four areas SA banks really need to focus on in 2017

Four areas SA banks really need to focus on in 2017

South Africa’s major banking groups (Barclays Africa Group Limited, First Rand, Nedbank and Standard Bank) produced a credible set of results against various economic headwinds for the year ended December 2016.

Banking - By Staff Writer | 14 March, 2017
FNB ditches safety deposit boxes after heists

FNB ditches safety deposit boxes after heists

FNB has announced its decision to discontinue the provision of safe custody storage following a spate of high-profile robberies in December 2016.

Banking - By Staff Writer | 13 March, 2017
The biggest banks in South Africa by customers

The biggest banks in South Africa by customers

FirstRand has released its interim results for the six months ending December 2016, revealing the latest banking client growth for its retail banking division, First National Bank (FNB).

Banking - By Staff Writer | 12 March, 2017
Is it all over for internet banking in South Africa?

Is it all over for internet banking in South Africa?

Angus Brown, co-founder of eBucks.com and MD of Banking Acumen says that South Africa may have seen the peak of internet banking.

Banking, Columns - By Staff Writer | 11 March, 2017
Finally, some good news for home buyers in South Africa

Finally, some good news for home buyers in South Africa

Home Loans, shows that more home loans are being granted in the higher pricing thresholds, which should bring some confidence back into the South African property market.

Banking - By Staff Writer | 10 March, 2017
Old Mutual names Trevor Manuel as chair of emerging markets unit

Old Mutual names Trevor Manuel as chair of emerging markets unit

Old Mutual has appointed former finance minister, Trevor Manuel, as chairman of Old Mutual Emerging Markets (OMEM).

Banking - By Staff Writer | 9 March, 2017
These banks carry the biggest risk burden in South Africa

These banks carry the biggest risk burden in South Africa

Two students from UCT have designed South Africa’s first systemic risk ranking – which outlines what could happen in a financial crisis and identifies who is putting the system most at risk, and why.

Banking - By Staff Writer | 7 March, 2017
Capitec expects massive jump in earnings

Capitec expects massive jump in earnings

Banking group Captiec is expecting a 17% to 19% jump in headline earnings for the full year ended February 2017.

Banking, Business - By Staff Writer | 6 March, 2017
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