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Standard Bank Reports Solid Results for the Period Ended 30 June 2019

  • 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: Read More →

Prudential Authority Imposes Administrative Sanctions on Sasfin Bank Limited

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 Read More →

UnionPay Cards Now Accepted at all Pick n Pay Stores across South Africa

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 Read More →

South African Reserve Bank on Africapacity’s Intention to Buy VBS Mutual Bank

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 Read More →

Prudential Authority Imposes Administrative Sanctions on Bank of Baroda, South Africa

The Prudential Authority (PA) has imposed an administrative sanction on Bank of Baroda, South Africa (Bank of Baroda) for non-compliance with certain provisions of the Financial Intelligence Centre Act 38 Read More →

Malaicha.com Makes Life Easier for Zimbabweans in South Africa

A new app created by Hello Paisa makes it possible for Zimbabweans in South Africa to send essential goods and groceries back home. For Zimbabweans who are far from home, ensuring Read More →

DPO Group Acquires PayFast in Major Deal for African Online Payments Sector

The acquisition of PayFast further extends DPO Group’s market lead in Africa

DPO Group, the leading African Payment Service Provider (PSP) has announced its acquisition of PayFast, one of Read More →

Nedbank CIB and Centum: Dedicated to Developing Africa

Boasting a share of about 40% of South Africa's commercial, industrial and retail property finance market, Nedbank CIB Property Finance now has its vision firmly focused on the rest of Read More →

FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

The impact of Digital Banking, Blockchain, AI, Mobile Money, Digital Wallets and Payment innovations are radically transforming the financial services landscape as FinTech disruptors intensify the challenge to Incumbent Banks Read More →

Consumers are Showing a Strong Appetite to Save, According to FNB

FNB has revealed that South African consumers are showing strong appetite to save after its customers initiated nearly 20 000 savings goals in just a few days since the launch Read More →

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