FNB’s profit growth amidst rising debt struggles
FNB reported a 5% growth in normalized profit before tax, reaching 40.3% in return on earnings for the six months ended 31 December 2023....
Absa launches repositioned brand with a new promise
Absa has unveiled a significant brand repositioning, introducing "Your Story Matters" as a new brand promise that emphasizes a shift towards being a customer-centric...
FNB promotes its innovative payment solutions
FNB featured in an article promoting its diverse payment options that simplifies everyday transactions, ensuring convenience and safely. The eWallet service, introduced in 2009,...
The 2024 Budget unpacks economic impact with Winners and Losers
Finance Minister Enoch Godongwana presented the 2024 National Budget, highlighting economic challenges such as a GDP deficit rising from 4% to 4.9%, with debt...
South African car industry grapples with economic challenges
In the fourth quarter of 2023, South Africa's automotive sector faced challenges as aggregate new vehicle sales declined by 5.4% compared to the same...
December 2023/January 2024 in Review
COMPETITOR BRAND ACTIVITY
In the financial services industry, recent trends have highlighted significant growth and innovation among banks. Institutions like Bank Zero, African Bank and...
SA’s unemployment rate rises in Q4 of 2023
In the fourth quarter of 2023, South Africa's official unemployment rate rose to 32.1%, with the number of employed individuals decreasing by 22 000...
Momentum Metropolitan appoints nine agencies to amplify impact
Momentum Metropolitan Holdings (MMH) has strategically partnered with nine top-tier agencies to boost its public image and credibility in the financial services sector. This...
SA gearing up to transform the SAPO into a fully-fledged bank
South Africa is gearing up to launch of its new state-owned bank with the enactment of the South African Postbank Amendment Act on 19...
Transnet seeks to enhance port infrastructure with R160bn investment
Transnet's internal diagnostic review in late 2023 prompted plans for a significant R160 billion investment to tackle infrastructure challenges in South Africa's port and...