Showing posts with category "banking"

5 big changes coming to Discovery Bank

Discovery Bank announced a number of new products and changes at its annual product update event with financial advisers on Thursday (30 September), including new forex and share trading features.

September 30, 2021
tags
Banking

We are very pro-vaccination, says Capitec chief executive

Capitec Bank chief executive officer Gerrie Fourie, says that the group is actively encouraging employees to get Covid-19 vaccinations to prevent further waves and ‘get back to normal’.

September 30, 2021
tags
Banking

Capitec reports continued recovery on expanded digital offerings and strong customer growth

Capitec Bank on Thursday (30 September), published its financial results for the six months ended August 2021, showing continued recovery amid expanded digital offerings and strong customer growth.

September 30, 2021
tags
Banking

New Zealand exploring the possibility of issuing a digital currency

New Zealand’s central bank is exploring the possibility of issuing a digital currency, saying the benefits it would bring include its potential use as a monetary policy tool.

September 30, 2021
tags
Banking

South African banks are reintroducing ATM charges this week

South African banking customers should take note of the reintroduction of ATM Saswitch fees from Friday (1 October).

September 29, 2021
tags
Banking

South Africans could be saving too much, Absa says

South Africans failure to break the restraint they exercised during the most financially challenging months of the Covid-19 pandemic could temper the nation’s economic growth prospects, according to Absa Group Ltd’s acting chief executive officer Jason Quinn.

September 29, 2021
tags
Banking

There is a case to introduce a R10 coin in South Africa: Reserve Bank

Research commissioned by the South African Reserve Bank (SARB) shows that there is an economic case for introducing a R10 coin in South Africa, however, there are concerns about uptake from the public, says Pradeep Maharaj, the central bank’s chief operating officer.

September 28, 2021
tags
Banking

Nedbank Group chairman passes away

Financial services firm Nedbank Group has announced the passing on of chairman of the group, Vassi Naidoo, on 28 September 2021.

September 28, 2021
tags
Banking

Worries over skills exodus at South Africa’s Treasury

The South African National Treasury’s succession planning is sufficient to ensure the exit of key personnel doesn’t disrupt plans to return public finances to a sustainable path, its top civil servant said.

September 27, 2021
tags
Banking

Reserve Bank keeps repo rate unchanged

The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5% per annum.

September 23, 2021
tags
Banking

Absa plans R9.6 billion deal to increase black ownership

Absa is considering a new Black Economic Empowerment plan that could constitute as much as 8% of South Africa’s third-largest lender, worth about R9.6 billion at current prices.

September 22, 2021
tags
Banking

African Bank warns of data breach with personal details compromised

African Bank has confirmed that one of its appointed professional debt recovery partners, Debt-IN, was targeted by sophisticated cybercriminals in April 2021.

September 22, 2021
tags
Banking