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Banking

Investment group buys into SA peer-to-peer lending firm RainFin

Investment group buys into SA peer-to-peer lending firm RainFin

RainFin and the LeBashe Investment Group have concluded a transaction for the latter to acquire a 30% stake in RainFin, for an undisclosed amount.

Banking - By Staff Writer | 16 February, 2017
SA banking collusion charges – why now?

SA banking collusion charges – why now?

The timing of the Competition Commission’s price-fixing case involving 17 banks seems suspicious, according to the Democratic Alliance.

Banking - By News24Wire | 16 February, 2017
3 South African banks face massive fines for price-fixing and collusion

3 South African banks face massive fines for price-fixing and collusion

Three South African banks have been implicated among 17 banking groups in ‘widespread’ collusion relating to the the price-fixing of the rand.

Banking - By Staff Writer | 15 February, 2017
The ANC wants to open a bank for the poor

The ANC wants to open a bank for the poor

The African National Congress in Limpopo has called on the provincial government to establish a pro-poor bank because poor people struggle to secure finance at major banks.

Banking - By News24Wire | 14 February, 2017
Warning: ATM card swap scam is on the rise – this is what to look out for

Warning: ATM card swap scam is on the rise – this is what to look out for

The South African Banking Risk Information Centre (Sabric) has issued a warning to the public to be on their guard amid high incidences of ATM card fraud in the country.

Banking - By Staff Writer | 13 February, 2017
Things aren’t looking great for South African banks in 2017

Things aren’t looking great for South African banks in 2017

Ratings firm S&P Global says that the general outlook for South Africa’s banks – much like South Africa itself – remains negative at the start of 2017, but pressure is easing.

Banking - By Staff Writer | 9 February, 2017
These 2 South African banks are among the most powerful brands in the world

These 2 South African banks are among the most powerful brands in the world

Brand Finance has published its annual Banking 500 report which shows that South African based financial institutions are among the most powerful in the world.

Banking - By Staff Writer | 6 February, 2017
The 8 most exclusive credit cards for the world’s super rich

The 8 most exclusive credit cards for the world’s super rich

If you don’t balk at the idea of spending tens of thousands of rands per year on account fees, you may qualify for one of these eight super exclusive credit cards available to the world’s super wealthy.

Banking - By Staff Writer | 2 February, 2017
SA Post Office wants to be a bank by mid-2017

SA Post Office wants to be a bank by mid-2017

The South African Post Office (Sapo) has submitted documents to Parliament indicating that it will apply to formalise its position as a fully-fledged bank by the middle of the year.

Banking - By Staff Writer | 31 January, 2017
SA branchless bank signing up 5,000 customers every week

SA branchless bank signing up 5,000 customers every week

South African fintech company TYME is signing up 5,000 new customers each week, according to a report by The Australian.

Banking, Mobile - By Staff Writer | 30 January, 2017
The most popular bank in South Africa

The most popular bank in South Africa

New banking research data from Neilsen shows that Capitec has significantly extended its lead over South Africa’s other big banks to become the most-used primary bank in the country.

Banking - By Staff Writer | 29 January, 2017
Watch: Hundreds of ANC supporters “occupy” Absa

Watch: Hundreds of ANC supporters “occupy” Absa

Hundreds of ANC Youth League supporters have stormed Absa’s Durban branch in protest, after a leaked public protector report indicated that the bank had to repay a R2.25 billion bailout it received during the apartheid era.

Banking - By Staff Writer | 26 January, 2017
FNB moves to appease angry customers after spate of safety deposit burglaries

FNB moves to appease angry customers after spate of safety deposit burglaries

FNB CEO Jacques Celliers says that a process is underway to help customers impacted by recent safety deposit burglaries in Randburg, Parktown and Sunnypark.

Banking - By Staff Writer | 26 January, 2017
SA banks face a massive shake-up on how they treat their customers

SA banks face a massive shake-up on how they treat their customers

New rules detailing how South African banks must conduct themselves with customers will be imposed on all financial institutions in the coming months, making it arguably the single most significant regulatory reform for the sector.

Banking - By Staff Writer | 25 January, 2017
How long it takes to sell your home in South Africa’s 5 major metros

How long it takes to sell your home in South Africa’s 5 major metros

The latest FNB House Price Indices for the country’s major regions, reveals slowing price growth in the country’s recent star performing region, the Western Cape.

Banking - By Staff Writer | 23 January, 2017
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