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FNB lets you buy with your smartphone instead of a bank card

FNB lets you buy with your smartphone instead of a bank card

FNB has launched FNB Pay, which lets customers make in-store purchases using their smartphone instead of a bank card.

Banking - By MyBroadband | 5 October, 2016
Here is one reason to be proud of South Africa

Here is one reason to be proud of South Africa

South Africa is ranked second in the 2016 World Economic Forum Global Competitive Index, when it comes to the soundness of its banking institutions.

Banking - By Staff Writer | 3 October, 2016
No home loan under Zuma’s name registered in the deeds office

No home loan under Zuma’s name registered in the deeds office

There is no trace of a home loan in the name of President Jacob Zuma to repay his Nkandla debt of R7.8 million, Netwerk24 reported on Sunday.

Banking - By News24Wire | 3 October, 2016
Online syndicate stealing millions from ABSA clients – report

Online syndicate stealing millions from ABSA clients – report

The Rapport newspaper reported that the Hawks are investigating the possibility that a syndicate gained access to ABSA clients’ online banking details, and are busy stealing millions from these accounts.

Banking - By MyBroadband | 2 October, 2016
MMM ‘Ponzi scheme’ is spreading

MMM ‘Ponzi scheme’ is spreading

While controversial ‘donation platform’ MMM is under investigation by the Hawks in South Africa, the alleged Ponzi scheme has spread to Nigeria.

Banking - By Staff Writer | 30 September, 2016
Capitec is now the third biggest bank in South Africa

Capitec is now the third biggest bank in South Africa

Capitec Bank has become the third biggest bank in South Africa in terms of customer numbers, having shot past FNB and now Nedbank in the rankings.

Banking - By Staff Writer | 29 September, 2016
Massive fee hike for Momentum medical aid members

Massive fee hike for Momentum medical aid members

Momentum Health is next up for a massive increase to its monthly fees in 2017, with the group announcing an average hike of 11% for its members next year.

Banking, Business - By Staff Writer | 27 September, 2016
New FNB card scam warning – don’t fall for this email

New FNB card scam warning – don’t fall for this email

FNB has warned its clients of a new scam going around in which customers are asked to ‘reactivate’ or ‘register’ their bank cards.

Banking - By Staff Writer | 16 September, 2016
Selfie banking in South Africa not far away

Selfie banking in South Africa not far away

One of the world’s largest banks, HSBC is allowing customers to open accounts by taking a photo of themselves with their mobile phone.

Banking - By Staff Writer | 16 September, 2016
VBS Mutual Bank explains how 74-year old Zuma can afford R7.8m home loan

VBS Mutual Bank explains how 74-year old Zuma can afford R7.8m home loan

VBS Mutual Bank, from which president Jacob Zuma secured a R7.8 million home loan to pay for non-security upgrades to his home at Nkandla, has explained its loan processes.

Banking, Finance - By Staff Writer | 14 September, 2016
Can Zuma afford to pay R80,000 a month for his home loan?

Can Zuma afford to pay R80,000 a month for his home loan?

Given his age, and the structure of his income, it’s difficult to make a case for president Jacob Zuma to afford a R7.8 million loan, according to a financial expert.

Banking - By Staff Writer | 13 September, 2016
This is how long it now takes to sell a house in South Africa

This is how long it now takes to sell a house in South Africa

New data contained in the FNB Estate Agent Survey for the 3rd quarter of 2016 shows further weakening in the local property sector in South Africa – both in market activity levels, and in the balance between demand and supply.

Banking, Finance - By Staff Writer | 12 September, 2016
Massive rise in disputed debit orders in South Africa: report

Massive rise in disputed debit orders in South Africa: report

The Ombudsman for Banking Services has told Moneyweb that disputed debit order complaints are up 54% over the past year.

Banking - By Staff Writer | 12 September, 2016
Gordhan to Guptas: take SA banks to court if you have nothing to hide

Gordhan to Guptas: take SA banks to court if you have nothing to hide

Finance minister Pravin Gordhan has flipped the Guptas’ script on them, and said the family should take the South African banks that blacklisted them to court – if they have nothing to hide, and feel like their rights have been violated.

Banking, Government - By Staff Writer | 12 September, 2016
Paid vs unpaid internships in South Africa

Paid vs unpaid internships in South Africa

Absa interviewed two interns – one who’d taken up a paid internship, and another who’d worked unpaid – and asked them what their experience was like, and if they were happy with the outcome.

Banking - By Staff Writer | 4 September, 2016
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