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Yearly Archives: 2024
October/November 2024 in Review
COMPETITOR BRAND ACTIVITY
During the review period, many financial services firms prioritised diversification, fintech adoption and expansion to drive growth, with major players looking beyond...
Sunday Times GenNext Awards names most popular financial services brands
The 2024 Sunday Times GenNext Awards has unveiled the country's most popular brands for 2024, based on a survey of 7 200 South Africans...
S&P places Transnet on credit watch amid financial concerns
Ratings agency S&P has placed Transnet on credit watch due to concerns over its financial outlook. Despite Transnet’s ‘BB-‘ issuer credit rating and ‘zaAA-/zaA-1+’...
Currency devaluations impact Standard Bank’s earnings growth
Standard Bank has reported low to mid-single-digit earnings growth for the ten months ended October 2024, impacted by currency devaluations in African markets which...
Alexforbes reports profit growth amid rising tech costs
Alexforbes has reported that its total profit increased by 8% for the six months ended September 2024, with assets under administration and management increasing...
FSCA and PA to review funeral insurance regulations
The Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) have initiated a review of funeral insurance regulations to address concerns about the framework's...
Happy Pay wins People’s Choice award at SA startup awards
Fintech startup Happy Pay won the People’s Choice award at the South African Startup Awards hosted by Startup Club ZA. The company has reported...
Numsa ends wage strike at ArcelorMittal after negotiations
The National Metalworkers Union of South Africa (Numsa) has ended its strike at ArcelorMittal South Africa following constructive negotiations. The strike was initiated in...
AI innovations reshaping local short-term insurance industry
AI chatbots and generative AI are reportedly gaining traction among local insurers, enabling them to better serve consumers while tackling issues like financial exclusion...
PayShap launches request feature for instant payments
PayShap has launched a new feature called PayShap Request, allowing users to initiate instant payment requests through bank channels. Participating banks include African Bank,...