Tag: Banks
Banks have 18 months to impact SA’s greylisting
Here’s how they can help get the country off the grey list Â
In January 2025, the global anti-money laundering watchdog, the Financial Action Task Force...
Fintechs’ role in identity and financial security beyond OPTs and passwords
In the past year, identity theft has skyrocketed – a worldwide trend that has not gone unnoticed by the public. A report from earlier this year showed that...
Deposit insurance body established to protect bank depositors
The South African Reserve Bank (SARB) has established South Africa’s first deposit insurance body to protect bank depositors and bring further confidence to a...
Growing compliance to take its toll on acquiring margins unless banks actÂ
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In...
The delicate balancing act of SA interest rate increases
For banks, disruption has become business as usual. Besides the ever-changing customer expectations, banks are under pressure to defend their market share against increased...
Virtual cards to show good growth, which is good news for consumers and banks
Although South Africa was a little late to the party when it came to the uptake in virtual card usage, businesses are quickly realising...
Consumers beware: Some banks are still collecting on prescribed debts
The law forbidding creditors from collecting on prescribed debts which falls under the National Credit Act 34 of 2005 (NCA) is well-known, established and...
What does credit actually cost?
If used correctly credit can add positive value to your overall financial well-being. But you need to ensure that you understand what the total...
Bank’s switch to recyclable payment cards will reduce CO2 and tons of plastic
HSBC is introducing sustainable payment cards which by the end of 2026 it will eliminate single-use PVC plastic, in favour of recycled PVC plastic...
Tax on booze, fuel & cigarettes hiked while income tax stays put
The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni...
MUST READ
Cummins secures contract to maintain Transnet’s aging tugboat fleet
By Larry Claasen
CUMMINS’ seven-year contract to maintain Transnet’s tugboats not only cements its decades-long relationship with the transport authority but also positions the company...