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Banking

FNB, Absa and Sasfin named the best banks in Southern Africa

FNB, Absa and Sasfin named the best banks in Southern Africa

FNB, Sasfin and Barclays Africa (Absa) have been named the best banks in Southern Africa in the recent annual Banker Africa – Southern Africa Awards 2017.

Banking - By Staff Writer | 13 April, 2017
FNB launches TV service on its banking App

FNB launches TV service on its banking App

FNB has introduced Augmented Reality and FNB TV on its banking App.

Banking - By Staff Writer | 12 April, 2017
FNB extends free Wi-Fi offering

FNB extends free Wi-Fi offering

Banking group FNB says it has increased the number of branches offering free WI-FI to customers, reaching 383 as at February 2017.

Banking - By Staff Writer | 10 April, 2017
The world’s 10 biggest economies in 2017

The world’s 10 biggest economies in 2017

The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%), according to the latest World Bank figures.

Banking - By Staff Writer | 9 April, 2017
New SA credit card will allow users to customise transactions

New SA credit card will allow users to customise transactions

Root, in partnership with Standard Bank, will soon launch a lightweight bank account which comes with a programmable credit card, online banking interface, mobile app, and APIs.

Banking - By MyBroadband | 6 April, 2017
South African banks downgraded to junk

South African banks downgraded to junk

Following S&P Global’s decision to downgrade South Africa’s sovereign debt rating to junk this week, the group has followed through and done the same to South African banks.

Banking - By Staff Writer | 6 April, 2017
What financial experts say about South Africa being junked

What financial experts say about South Africa being junked

The downgrade of South Africa’s sovereign debt rating to junk status by Standard & Poor’s (S&P) was only a surprise because it happened so soon after president Jacob Zuma’s cabinet reshuffle.

Banking - By Staff Writer | 4 April, 2017
Infographic: How credit ratings work and how junk status will affect you

Infographic: How credit ratings work and how junk status will affect you

Treasury has published two infographics better explaining how credit ratings work, and what junk status means for ordinary South Africans.

Banking - By Staff Writer | 4 April, 2017
Ratings agency Moody’s follows S&P and confirms review for downgrade

Ratings agency Moody’s follows S&P and confirms review for downgrade

Hours after Standard & Poors announced that it would be downgrading South Africa to “junk status”, ratings agency Moody’s confirmed that it would also be placing the country on review for downgrade.

Banking - By Staff Writer | 4 April, 2017
Rand tanks after South Africa gets junk rating

Rand tanks after South Africa gets junk rating

The rand came under renewed pressure in evening trade on Monday (3 April) after ratings firm S&P Global downgraded South Africa’s sovereign credit rating to junk status.

Banking - By Staff Writer | 3 April, 2017
South Africa downgraded to junk

South Africa downgraded to junk

Ratings firm S&P Global has downgraded South Africa’s sovereign credit rating to junk status, following the axing of former finance minister, Pravin Gordhan.

Banking - By Staff Writer | 3 April, 2017
Vodacom chairman appointed new CEO of Old Mutual Emerging Markets

Vodacom chairman appointed new CEO of Old Mutual Emerging Markets

Old Mutual has announced the appointment of Peter Moyo as CEO of Old Mutual Emerging Markets (OMEM).

Banking, Mobile - By Staff Writer | 3 April, 2017
Gupta-linked Vardospan loses urgent bid to purchase Habib Bank

Gupta-linked Vardospan loses urgent bid to purchase Habib Bank

The Pretoria High Court has struck down an urgent court application by Gupta-linked company Vardospan relating to its purchase of the Habib Overseas Bank, on the grounds that it lacked urgency.

Banking - By Staff Writer | 31 March, 2017
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
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