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Tag: banking

Massive spike in banking fraud in South Africa

Combined gross fraud losses on South African-issued bank cards soared by 18% in 2018, compared to the previous year, and totalled an astronomical R873.4-million, industry body Sabric said on Wednesday. Sabric, or the...

South African banks rolling out new system to fight debit order fraud

In December 2018, a number of South Africans had been hit by a ‘mysterious R99 debit order’. While the full extent of the scam is not known, some estimates indicate that as many...

Absa’s big plans to target first-time home buyers

Absa plans to claw back market share in South African home loans by taking on more risk and targeting first-time buyers, as CEO Maria Ramos embarks on a new era outside...

Banks bear the brunt of weakened rand

South African banks bore the brunt of the weaker rand after the third-quarter current account deficit widened to R176.6 billion from R167bn and continued fears that the truce in the trade...

This is what your credit score should be and how to improve it

When you apply for a bond, one of the first things your bond originator or bank will do is check your credit score, that all-important indicator of the level of risk...

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Underwater restaurant in Thailand stakes claim to largest in the world

Thailand is now home to what’s being called the world’s largest underwater restaurant, where diners are surrounded by 25,000 sea creatures. Luxury shopping destination Central...

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