Advocate Katlego Monareng said that no South African company could operate meaningfully in the economy without a bank account. Excluding a significant player like Sekunjalo from the mainstream economy, he argued, should not become normalized.
With the festive season fast approaching, criminals are also gearing up for a shopping spree of a different sort. With this in mind, Standard Bank is urging people ...
Over the last year, FNB said it assisted with facilitating the delivery of over 2 200 Krugerrands on its trading platforms.
PF highlights some quick reads for this week.
The banking sector faces a significant challenge in embracing digital transformation.
Steyn recognised those banks and their staff that had delivered excellent service and performance.
There were 19 million underbanked individuals in the country, and over one million micro, small, and medium-sized enterprises still transacting exclusively in cash. ...
According to media reports mutual societies are enjoying a renaissance in the financial services sector in some parts of the world.
The world’s central banks understand that the future of money is digital. As payments shift online, the use of cash declines and the fortunes of crypto assets rise ...
A South African Banking Consumer study, released recently by Accenture, revealed that four major developments in banking are driving the reinvention of the industry’s ...
Social media posts alleged that the PEP store money transfer facility was not reliable because the money transferred using this store's facility was sometimes withdrawn ...
The Financial Sector Conduct Authority (FSCA) recently conducted presentations and released a draft position paper on open finance, inviting input from the financial ...
Two rulings against (unnamed) banks recorded in the latest annual report of the Ombudsman for Banking Services show that customers often fall through the cracks ...
Zero fees may keep capital safe by preventing the capital being eroded by fees and boost returns, says financial services provider, Fedgroup. But not all zero fee ...
The Bond premium (Spread values) between the bonds of the two currencies are as depicted above for the various maturity terms. The market is King and if the above ...
Banking fraud, related to current accounts and internet banking remains high on the list of complaints to the Ombud for Banking Services South Africa (OBS), although ...
Recent research shows 86% of South Africans regularly use cash, with 95% withdrawing money from ATMs at least once a month, which serves as a reminder that cash ...
PayShap launched on 13 March, in collaboration with the South African Reserve Bank and developed with BankServAfrica as an intermediary of a new modernised real-time ...
The recent banking crisis – the collapse of a handful of small US banks and one very big European one – has caused jitters in financial circles. This may partly ...
While being open with each other about your finances is to be applauded, couples need to think carefully of the implications before sharing a bank account, or taking ...