Tag ArchivesFNB

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FNB unveils a mobile bank account for unbanked, underbanked consumers

Today, First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone to open a bank account without ever walking into a branch. eWallet eXtra will have no monthly fees and consumers are not required to […]

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Property: Unchanged estimated rate of emigration-related home selling

The 1st Quarter 2018 FNB Estate Agent Survey pointed to a virtually unchanged estimated rate of emigration-related home selling, following a prior a multi-year rising trend which started back in 2014. This leaves the rate of emigration selling somewhat “elevated” says John Loos, Household and Property Sector Strategist at FNB. In the survey, agents were asked to […]

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Mags Ponnan, Head of the Business Incubator at FNB Business

Five considerations for start-ups that are looking for funding

Many entrepreneurs in South Africa consider funding to be a major stumbling block when it comes to starting or growing a business. In this tough environment where a majority of start-ups fail within the first 5 years of operations, the type of funding that a startup secures to either launch or grow a business often […]

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Ester Ochse

Have a Personal Finance Day every month

Just as we all enjoy a day to ourselves; be it for shopping or a day at the spa – everyone should have a Personal Finance Day. (more…)

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Factors to consider when building property from scratch

If you are fortunate enough to own a piece of land in an urban area or  prefer to buy a stand and build the house of your dreams from scratch, there are a few important factors to consider when applying for a building loan from your lender. (more…)

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FNB confirms that it will reduce its prime lending rate to 10%

Following the South African Reserve Bank’s decision to cut interest rates by 0.25%, FNB confirms that it will reduce its prime lending rate to 10%. The new rate will be applied to all prime-linked loans from Thursday, 29 March. (more…)

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Rate cut is a welcome relief for the agricultural sector

Commentary by Paul Makube, Senior Agricultural Economist at FNB Business.  Agriculture is a capital intensive industry with a national agriculture debt in access of R 160 million, the reduction of the interest rate by 25 basis points is therefore a welcome relief to farmers and producers who are still recovering from the aftermath of the […]

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Amman Muhammad

Diminishing Musharaka, an alternative way to buy property

Islamic banking offers an alternative to a business or individual looking to buy property, and it is open to anyone to make use of. (more…)

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