Headline earnings: R13 361 million, up 6% Headline earnings per share (HEPS): 837 cents, up 5% Dividend per share: 454 cents, up 6% Common equity tier (CET) 1 ratio: 14.0% (1H18: 13.8%) Net asset value (NAV) per share: 10 511 cents up 8% Return on equity (ROE): 16.2% from 16.8% Cost-to-income ratio: 57.0% (1H18: 57.6%)
New European PSD2 requirements significantly impact how European consumers and businesses buy and sell online—ACI’s UP solutions with real-time, multi-layered capabilities help businesses to lower fraud rates while providing a frictionless checkout experience ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced a number of tools and solution updates to
Sub-Saharan Africa is one of the fastest-growing investment zones for financial technology companies according to new research says Forbes. The GSM Association says in its Mobile Economy, Sub-Saharan Africa 2019 report that the region will remain the fastest growing worldwide. Predicting a total subscriber base of over 600 million by 2025, which represents approximately half
Recently, lm group processed a Gross Transaction Value (GTV) of EUR 2.3 billion globally Wirecard announces collaboration with lastminute.com, part of lm group, as an international payment acceptance provider. Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with lastminute.com and is taking over payment acceptance for the online travel and
Ayo Adepoju was appointed as the Acting Group Chief Financial Officer in April 2019 Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announces that Ayo Adepoju has been appointed as Group Chief Financial Officer, with immediate effect. As a member of the Group Executive Committee, he will report directly to the
Advances Mastercard’s strategy to capitalize on the vast and fast-growing global Real-Time Payments opportunity Helps meet application, service and payment needs of governments, consumers, and businesses across card and account-to-account payments Further strengthens Mastercard’s existing capabilities with its proven Real-Time and Bill Pay technology and talent Mastercard has announced it has entered into an agreement
The Prudential Authority (PA) has imposed administrative sanctions on Sasfin Bank Limited (Sasfin Bank) for non-compliance with certain provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act). The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its
Nana Araba Abban held several senior positions with Standard Chartered Bank, Royal Bank of Scotland and other institutions Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announce appointment of Nana Araba Abban as Group Consumer Banking Head with immediate effect. Nana will be a member of the Group Executive Committee and
The South African Reserve Bank (SARB) is aware of the assertions made by Africapacity of its intention to buy VBS Mutual Bank (VBS) or part thereof. The authorisation to conduct the business of a bank/mutual bank (banking licence) is not transferable and requires a formal new application for such authority to be submitted to the
