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FNB promotes access to banking in rural South Africa

FNB has become the first bank in South Africa to introduce a non-cash dispensing ATM with deposit capability. These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking services directly into communities. (more…)

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Ithala ‘ready to become a state bank’

Ithala is ripe and ready to become a state bank, says CEO Peter Ireland. (more…)

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Consumers making fewer ATM cash withdrawals

For the first time ever, FNB data is showing that middle income earners are making fewer cash withdrawals at ATMs and instead opting to use point of sale devices, electronic transactions and cash tills from select retailers. (more…)

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Capitec makes international acquisition

Capitec has announced its first venture into international markets by acquiring a strategic stake in a European digital, consumer finance company, Cream Finance Holding Limited.  (more…)

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Minister Pravin Gordhan and Governor Lesetja Kganyago

Minister Gordhan, Governor Kganyago attend G20 meeting

The South African Minister of Finance Pravin Gordhan and Reserve Bank Governor Lesetja Kganyago attended the first G20 Finance Ministers and Central Bank Governors meeting under the German presidency in Baden-Baden, Germany on 17th – 18th March 2017, the National Treasury said in a statement today. (more…)

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SA’s major banks produce credible results against economic headwinds

South Africa’s major banking groups (Barclays Africa Group Limited, First Rand, Nedbank and Standard Bank) produced a credible set of results against various economic headwinds for the year ended 31 December 2016. (more…)

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Enhancing returns on cash using money market funds

Capitec has the most satisfied customers despite first decline in four years: survey

The latest South African Customer Satisfaction Index (SAcsi) for Retail Banks, conducted by independent company Consulta, indicates that South African banking customers are the most satisfied with Capitec Bank, despite its score declining for the first time in four years. (more…)

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Eight digital banking scams to lookout for

As access to banking services through digital channels continues to grow, so does the need to protect consumers against the prevalence of online banking fraud. (more…)

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