Banking

latest news & developments

The women helping to shape African Bank’s next chapter

As African Bank shifts into a phase of strategic consolidation and sustainable growth, five key female executives are driving the governance, transformation, and people-first…

Standard Bank fined $12.6m for poor anti-laundering controls

Standard Bank sees property ‘purple patch’ as it joins forces with Java Capital

Standard Bank has teamed up with corporate finance advisory firm Java Capital, anticipating a multi-year revival in South Africa's commercial real estate market despite…

Pennyville residents protest over Absa eviction

Absa's campaign to help people feel more confident with their money

Absa is set to launch a new comedy-drama micro-series, 'For Better Or For Whatever', on its social media platforms. The series aims to use relatable stories about love, family,…

Gerald Mariemuthoo

Money tells stories — and Gerald Mariemuthoo has built his career uncovering the ones criminals hope no one will read. At 35, the currency integrity investigator at the South…

Young South Africans are rewriting the rules of money

Buying a home before getting married. Choosing a reliable second-hand car instead of a luxury vehicle. Using credit to build a financial record instead of funding an expensive…

Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.

Reserve Bank hikes interest rate for first time since 2023 as oil shock, inflation risks mount

South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher

Traditional banks need to figure out a way to serve small businesses.

How banks can better serve small businesses in Africa

Traditional banks must work on customised products and services that address their unique needs, potentially through partnerships with fintech

Any attempt to prohibit access to the secure financial messaging network could backfire.

Cold reality of mooted Swift bans for Israeli and South African banks

Any attempt to prohibit access to the secure financial messaging network could backfire

Rather than try to play catch-up with international banks, local players should tend their own garden and make a big push for easier payments, digital solutions and maybe even come up with innovative approaches specifically tailored for the African market. (Guillem Sartorio/Bloomberg via Getty Images)

African finance has what it takes to fill the void left by foreign banks

Local players have several advantages they can leverage to improve payment infrastructure and ensure the continent has a robust financial sector

Jeff Parker, CEO of Paymentology.

Paymentology CEO envisions the future of payment processing

A recent collaboration with Standard Bank South Africa and Sandton City launched the nation’s first instant issuing digital gift card

Elevate your banking experience with secure and convenient payment solutions from FNB

It’s imperative to know how to navigate today’s digital banking landscape

Imtiaz Suliman, Head of Shari’ah, Sentio Capital Management

The practical, religion-agnostic world of Shari’ah financial services

A differentiated segment of financial solutions available to all consumers

Consumers should spend cautiously, despite the positive outlook for the year
 (Getty Images)

FinTech: The battle for control of Africa’s financial sector

It is time to develop policies that safeguard Africa’s technological sovereignty in finance

Rands and sense: African Bank chief executive Kennedy Bungane says it is on target to realise its aim of being a broad-based black bank, set out nearly 60 years ago. (Delwyn Verasamy/M&G)

Black ownership in banking sector remains low

African Bank’s open listing offers a good example of how direct black ownership in the financial services sector can rise above the stubborn 25% minimum agreed upon by the…

(Photo by  Sipho Maluka/Sunday Sun/Gallo Images/Getty Images)

Digital ‘disruptor’ eats jobs at SA banks amid unemployment crisis

With fewer people visiting branches, opting to seek services online, something has to give