Showing posts with tag "banking"

The average take-home pay in South Africa right now

Take-home pay in South Africa fell by 6.7% in May 2022, new data from BankservAfrica shows.

Consumer confidence in South Africa drops to historic lows: index

Despite the lifting of almost all Covid restrictions and improved business sentiment, the FNB/BER Consumer Confidence Index (CCI) plunged to -25 in the second quarter of 2022, having already slippe...

South Africa is introducing a new banking payment system this year

The South African Reserve Bank is working on a new Rapid Payments Programme (RPP) which is set to significantly shake-up payments in South Africa.

The cheapest and most expensive credit accounts in South Africa

African International News Magazine compares the available credit card accounts from some of South Africa’s biggest banks.

3 things that will decide South Africa’s next big interest rate hike in July

South Africa’s higher-than-expected inflation data in June points to a further interest rate hike in July, but there is still some uncertainty about how much the central bank will hike by.

South Africa faces a ‘frightening’ month – but it will get better: Nedbank

After this week’s CPI figures surprised towards the upside, Nedbank now forecasts that South Africa’s inflation is forecast to increase to over 7% in June. In a…

New banking laws proposed for South Africa

South Africa’s latest state capture report recommends the introduction of new banking laws – including regulations around when accounts may be closed.

The best and worst case scenarios for where South Africa is heading right now – and how likely they are to happen

Investec has published its updated economic scenarios for South Africa.

How big is South Africa’s township economy?

Standard Bank is the latest company to tout the potential of South Africa’s township economy, joining many corporates, particularly in the banking, grocery retail and telecoms sectors.

Business Talk – 10X Investments CEO Tobie van Heerden on the acquisition of CoreShares

10X Investments boss Tobie van Heerden discusses the recent agreement to acquire CoreShares in a merger that will create an independent, full-service asset manager with more than R31 billion in ass...

Absa sees positive growth in first half of 2022

Absa has published a trading update for the five months ended 31 May, with the group seeing positive growth in both revenue and customer numbers.

3 big changes coming to Discovery Bank – including pay-as-you-go gym

Discovery Bank has announced several new features which are being rolled out to its clients – including changes for Vitality Travel and a pay-as-you-go gym option.