Tag Archivesbanking

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Questions to ask about an overdraft facility

If you are considering applying for an overdraft, but aren’t really sure how it works, there are important questions you should ask your bank, to ensure you are making the right decision. Ryan Prozesky, FNB Consumer Core Banking CEO, says an overdraft is an important credit facility to help you manage your personal cash flow […]

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How to optimise benefits from your rewards programme

By Sonja Fourie, Head of Absa Rewards and VAS. We love our loyalty programmes in South Africa. Seventy-nine percent of us use loyalty programmes – and have even upped our usage over the past year. Nearly two-thirds of us belong to between two and five programmes, making us the most loyalty-programme-mad nation in the world […]

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FNB launches South Africa’s first biometric mini-ATM

FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers. (more…)

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Sasfin launches B\\YOND – the digital banking future for business

Sasfin recently launched B\\YOND, a digital banking platform built to enable entrepreneurs to grow their businesses. Having financed and supported small business for 50 years, Sasfin understands the pain-points and pressures that small business faces in South Africa. Failed small businesses so often tend to either neglect or become completely consumed by their finances and […]

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Banking customers’ expectations higher than ever before – SAcsi 2017 Survey

The latest South African Customer Satisfaction Index (SAcsi) for Banking, conducted by Consulta in Q4 2017, reveals that Capitec continues to lead with the most satisfied customers. (more…)

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How to get on top of dubious debit orders

As March is Consumer Awareness Month it’s a great time to turn information into knowledge. Start by checking your bank statement and make sure that you understand all the transactions. Make sure you authorised all the debit transactions that reflect as minus numbers. (more…)

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FirstRand: Interim dividend per ordinary share up 9%

FirstRand Limited (FirstRand) today reported results for the six months to December 2017. Key financial highlights: Normalised earnings grew 7% Dividend per ordinary share up 9% Normalised return on equity (ROE) of 5% Normalised net asset per share (NAV) up 9% (more…)

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Mark Lindhiem, Head of Strategy at Alexander Forbes Investments

Fintech disruption in asset management

Increasingly we are hearing about technology-led developments in the South African fund/asset management space with the publicity around robo-advisers, a class of financial adviser providing digital financial advice based on algorithms, with moderate to minimal human intervention. However, not much has been written about the actual management of money through AI and machine learning, certainly in the […]

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