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SARB Announces the Adjustment of Interchange Rates for Transactions Emanating from ATMs

The purpose of this communiqué is to announce the adjusted interchange rates for automated teller machines (ATMs). The South African Reserve Bank (SARB) annually reviews interchange rates for transactions emanating from Read More →

African Bank Launches its Transactional Banking Offering called MyWORLD

African Bank has officially launched its transactional banking offering called MyWORLD, to South Africans. The introduction of MyWORLD has elevated African Bank to a digital retail bank, offering a variety of Read More →

Minister of Social Development Appoints New CEO for SASSA

The Minister of Social Development, Honourable Susan Shabangu has appointed Busisiwe Memela-Khambula as the South African Social Security Agency (SASSA) Chief Executive Officer (CEO). She takes over from Abraham Mahlangu Read More →

Tribunal Approves Capitec’s Acquisition of Mercantile Bank

The Tribunal has this afternoon approved Capitec Bank Limited’s (Capitec) acquisition of Portuguese-owned Mercantile Bank Holdings Limited (Mercantile Bank), which paves the way for Capitec to enter the business banking Read More →

Aconite Technology Powers South African Discovery Bank’s Debit and Credit Card Launch

Aconite Technology Ltd is proud to announce that Discovery Bank, a new digital-only challenger bank launched by Discovery Central Services Limited, the leading South African insurance and financial services provider, Read More →

uKheshe Life Card Launched Offering Hospital, Disability and Life Benefits

uKheshe, South Africa’s cheapest and most convenient QR cash card has announced the launch of uKheshe Life, a hospital, disability and life benefits card. Offering all of the features that Read More →

AfrAsia Bank Increases HR Efficiency up to 75% with Oracle Cloud Applications

AfrAsia Bank, headquartered in Mauritius with a representative office in South Africa has chosen Oracle Human Capital Management (HCM) Cloud Application to deliver an exceptional employee experience, retain best talent Read More →

FNB is the First Bank in South Africa to Allow Customers to Shop on App

First National Bank (FNB) has launched a new functionality on its banking app that enables customers to shop directly from the app. The eBucks Shop, which was previously only accessible Read More →

Standard Bank Appoints Chief Technology Officer as Bank Focuses on Digitisation Strategy

Standard Bank Group has appointed Mr. Tau Mashigo as its new Chief Technology Officer (CTO), effective 1 April, reporting to the Chief Information Officer (CIO). Mashigo will drive and support Standard Read More →

Capitec Continues Growth due to Strong Fundamentals

The country’s leading retail bank has once again ensured a solid set of financial year end results, driven by its simplified and transparent banking solution delivered through innovative technologies. The bank’s Read More →

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