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Sending money offshore? Here’s why your bank’s tech isn’t up to the task 

By Harry Scherzer, CEO, FutureForex  South African banks love to promote their tech credentials. They’ll incorporate any awards they win for innovation or tech integration into their marketing materials and race each...

Selpal comes to town?

WITH seven years operations in Gauteng, Selpal - a financial technology solutions (fintech) company that operates specifically in townships and rural sectors of the economy is now ready to spread its...

Don’t break the bank this Festive season

With the festive season picking up steam, and the anticipation of a 13th annual paycheque, the National Credit Regulator (NCR) is urging consumers that while they may be looking forward to...

Planned banking strike a warning for South Africa

The planned banking strike for Friday should be seen as a warning to South Africa that better planning is necessary to deal with the changes brought about by the development of...

Standard Bank can’t deduct money from your account to settle debts anymore

Standard B ank has been prevented from deducting money from their customer's accounts to settle debts without their permission following last week’s High Court ruling in favour of the National Credit Regulator...

Discovery slowly opens its bank ‘doors’

Discovery Bank will start accepting new clients from Monday, three months later than it had anticipated when it unveiled its banking proposition in November. Discovery Group CEO Adrian Gore says: “The early...

These 104 Standard Bank branches are closing

Standard Bank will close more than 100 branches and retrench hundreds of staff members as part of its efforts to digitise its retail and business bank. In March, the bank announced that it plans...

Capitec ranks highest in the customer satisfaction index for the 6th consecutive year

Capitec Bank has been announced as the bank with the highest customer satisfaction index in the annual release of the SA-csi report this morning. The bank attained an overall ranking of 84.9, the...

BRICS New Development Bank to issue bonds in South Africa

The BRICS New Development Bank will issue bonds in South Africa and commercial paper in US dollars in the first half of 2019, the bank's President K.V. Kamathsaid on Wednesday. "Most of the work is done and it's basically...

Borrow money in a way that won’t break the bank

Entrepreneurs looking for funding could feel overwhelmed by the different options available and could wonder, with right, which financing options to use for their business. A personal banker that knows your company...

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‘5-in-1 Trade Show’ brings important industries, buyers and sellers, together

THIS year’s event is set to be one of the biggest Electra Mining Africa exhibitions to date with over 850 companies exhibiting across six...

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