NDB approves R5 billion loan for Transnet’s freight rail modernisation
The New Development Bank (NDB) has approved a R5 billion loan for Transnet, aimed at modernising the country's freight rail sector. The funds will...
IDC disburses R15.9 billion to boost South African economy
The Industrial Development Corporation (IDC) has reportedly disbursed R15.9 billion of its own funds to businesses across various industries for the year ended March...
Hollard repositions its brand as it expands across Africa
Hollard Insurance Group has unveiled plans to reposition its brand, seeking to expand its presence across10 African markets through Hollard International and partnerships with...
Standard Bank invests R11 billion in digital transformation and AI
Standard Bank has invested R11 billion in technology during the first half of 2024, focusing on artificial intelligence and cloud computing as part of...
Santam reports strong performance in first half of 2024
Santam has reported solid results for the first half of 2024, with an 8.1% increase in gross written premiums and a 7.1% rise in...
Discovery Bank reports strong performance and reaches 1 million clients
Discovery Bank has announced that it has surpassed its goal of 1 million clients two years ahead of schedule, attributed to its innovative shared-value...
Gautrain expansion to create millions of jobs in South Africa
Gauteng Premier Panyaza Lesufi has announced a significant expansion of the Gautrain, which is expected to generate over 10.1 million construction jobs within five...
June/mid-August 2024 in Review
COMPETITOR BRAND ACTIVITY
The financial services industry witnessed various developments between June and mid-August 2024, marked by strategic restructuring initiatives, impactful partnerships, innovative marketing campaigns...
Capitec eases lending criteria amid economic improvements
Capitec has announced that it is relaxing its credit policies in response to signs of economic recovery in South Africa. Capitec CEO Gerrie Fourie...
Liberty highlights women’s active role in saving through its Stash app
Liberty has announced that women are leading the way in savings on its Stash app, contributing over R26 million monthly and surpassing the R10...