Showing posts with category "banking"

South Africa is sitting with R45 billion in unclaimed pensions – here’s how to search if you are a beneficiary

Around five million South Africans have unclaimed pension benefits, with the total pension pot now worth an estimated R44.9 billion, says the Financial Sector Conduct Authority (FSCA).

December 23, 2021
tags
banking

New retirement system to double savings in South Africa: analysts

The new two-pot retirement system proposed by the National Treasury is likely to have a significant impact on South African householding savings, say analysts at financial services firm Alexander Forbes.

December 18, 2021
tags
banking

South Africa faces interest rate balancing act on rising inflation and travel bans

South Africa’s inflation rate jumped to the highest level in almost five years in November, underscoring the difficult choice the central bank faces to strike a balance between taming price growth and supporting an economy grappling with the fallout from a fourth wave of coronavirus infections.

December 15, 2021
tags
banking

Here are all your banking fees for 2022

Here are all the fee changes for major banks in South Africa.

December 15, 2021
tags
banking

Here is the new retirement system proposed for South Africa

The National Treasury has published two papers on proposed retirement reforms for South Africa for public comment.

December 15, 2021
tags
banking

Outrageous predictions for 2022 – including a new space race, and adding 25 years to life

Denmark-based Saxo Bank has published its 10 outrageous financial predictions for 2022.

December 14, 2021
tags
banking

3 ways banking is expected to change in South Africa

David Pfaff, chief financial officer at Tyme Bank, has provided an overview of some of the key banking trends which are likely to emerge in South Africa in 2022.

December 13, 2021
tags
banking

New cryptocurrency rules to be introduced in South Africa in 2022

South Africa’s financial regulator is planning to unveil a regulatory framework covering cryptocurrencies early next year to help protect vulnerable members of society from highly risky assets.

December 10, 2021
tags
banking

FNB warns of new scams targeting customers

While there are many common global scams constantly in operation, including phishing, vishing, smishing, and identity theft, financial services group FNB says it has also seen an increase in investment scams, targeting unsuspecting consumers.

December 10, 2021
tags
banking

Absa fee changes for 2022

Banking group Absa has published its fee changes for 2022.

December 10, 2021
tags
banking

Discovery Bank reveals customer numbers and plans for 2022

Relative new kid on the block, Discovery Bank says it had over 400,000 clients in November 2021, of which over 375,000 were primary clients – 31% more than the beginning of the calendar year.

December 9, 2021
tags
banking

A top management consulting firm is on a major hiring spree in South Africa – here’s what they are looking for

Management consulting firm Monocle is rapidly expanding its operations, with the firm now boasting offices in London and Amsterdam, as well as Johannesburg and Cape Town.

December 7, 2021
tags
banking