Banking Association Of South Africa
latest news & developmentsWhy state capture could see SA greylisted
The Gupta era exposed the flaws in the country’s anti-money laundering framework and now the government is dealing with the consequences
No more cash for coal FirstRand says
The bank’s chief risk officer says banks can’t stand on the sidelines of the climate crisis debate
Small business owners closing shop and feeling the financial squeeze
The hopes and dreams of many entrepreneurs have been dashed. We track some of the owners of SMMEs, who talk of losing everything they worked for
Moody’s axe likely to fall on ordinary South Africans
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
Fintech fills the funding gap
New companies are plugging the funding gap for small businesses, especially in townships
Tito’s back in town
Mboweni, a former reserve bank governor and labour minister, was sworn in as finance minister on Tuesday
Basa: Nene fears worsening ‘jittery’ markets
It was reported earlier on Monday that Nene had asked President Cyril Ramaphosa to relieve him of his duties
BASA says members willing to help out stressed parastatals
Banking Association of South Africa says its members are willing to help out SOEs such as Eskom and Transnet with "expertise and resources"
EFF offering a solution to the dominance of banking’s Big Five
Many argue such banks will allow the unbanked entry and offer appropriate banking products and services, including to small and medium enterprises
Student loan plan shot down
The state is too heavily indebted to back the advances and the role of Sars is problematic
President Jacob Zuma sends money-laundering bill back to parliament
The proposed Bill would have increased scrutiny of the bank accounts of "prominent individuals", including himself.
South African business to close for Mandela’s funeral
Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.
No interest in ‘poor man’s account’
Low-cost Mzansi accounts are losing ground to bank-branded products that are cheaper and more appropriate for low-income customers.
Wake-up call for banking sector
It is generally accepted that South African banks are well capitalised in terms of the Basel III requirements, which have to be phased in from 2013.
‘Sinking into debt? Act now!’
A timely pamphlet on debt targets credit customers.