South African market set to see four new banks
Four new banks are set to enter the South African market, as confirmed by the South African Reserve Bank's Prudential Authority. Young Women in...
Standard Bank reports strong results and customer growth
Standard Bank has seen a significant profit increase despite ongoing economic challenges, with its South African customer base reaching 11.4 million. In 2023, the...
Bank Zero leads in affordable digital banking pricing
A recent analysis by MyBroadband has unveiled Bank Zero as the most cost-effective digital bank in South Africa, contrasting sharply with Discovery Bank, identified...
SA’s automotive sector gets a helping hand for its green transition
In his recent State of the Nation Address (SONA) 2024, President Cyril Ramaphosa reiterated the commitment to the Presidential Climate Commission’s Energy Transition Investment...
Absa powers SMME growth at the 2024 Rand Show
Absa was the official banking partner for the Rand Show that took from 28 March to 01 April 2024 at the Johannesburg Expo Centre...
Capitec aims to target the underserved informal SME market
Capitec Bank is strategically positioning itself to cater to South Africa's informal SME market, recognizing its substantial potential to double the size of the...
Platinum producers grapple with plummeting prices and low profits
South Africa's platinum sector, responsible for 70% of global output, grapples with a dire situation as metal prices plummet, triggering significant job cuts and...
New government bank launches for financial inclusion
The Department of Women, Youth and Persons with Disabilities progresses on establishing the SA Innovative Financial Services Cooperative (SAIFSC), a cooperative bank targeting inclusion...
Eighty20’s finds that SA’s finances improved but middle class still in debt
South Africans are experiencing a slight financial uptick, but the middle class grapples with mounting debt, as per Eighty20’s Q4 2023 Credit Stress Report....
Sanlam reports robust financial performance for 2023
Sanlam reported record earnings for the fiscal year ending 31 December 2023, with a cash net result from financial services reaching R12.4 billion, an...