Sasfin posted a 32.05% growth in headline earnings to R161.305 million (June 2018: R122.152 million) with an increase in headline earnings per share of 31.42% to 501.00 cents (June 2018: 381.21 cents) for the year ended 30 June 2019. According to Group Financial Director, Angela Pillay, the growth in the earnings is primarily due to
The financial services sector in South Africa is undergoing an unprecedented transformation. Rapid developments in digital technologies are both disrupting and enabling change in previously disconnected sectors, such as banking, telecommunications and retail. These advancements make digital payments and services more readily accessible and affordable to consumers and small businesses, but the usage of such
Standard Bank has retained its position as South Africa’s most valuable brand, according to the second edition of the BrandZ Top 30 Most Valuable South African Brands report. The annual study and evaluation of brands is conducted by global market research and insights firm Kantar, and communication and branding giant WPP. It values the Standard
There’s no doubt that technology has already re-shaped the way the world thinks about buying and selling. Who would have thought twenty years ago that people would be shopping on their phones? Despite the huge changes to the shopping experience in recent years, it’s important to understand that we are only part-way through this journey.
Through the strategic investment, Standard Bank has launched a mobile application, powered by Nomanini, which offers underserved informal retailers financial services for the first time CAPE TOWN, 27th August 2019—Nomanini, the pioneering fintech platform for the informal retail ecosystem, has today announced a $4m funding round led by Standard Bank, Africa’s largest bank, and completed
A new payment services platform, utilised by two of South Africa’s oldest member organisations, promises to open up the buy-aid market to consumers and retailers alike. Co-Switch, a newly launched closed-loop payments platform, is currently being introduced to Cape Consumers and Iemas’ members and retail partners. Cape Consumers under their Bsmart card brand and Iemas
FNB Financial Highlights: Pre-tax profits up 11% Strong contribution from Retail, Commercial and Rest of Africa Domestic customer numbers at 8.2 million Digital platform providing new growth opportunities Upsell and cross-sell drove advances growth Targeted advances growth to existing client base NIR up by 11% in a difficult market Video and podcast link of Jacques
Callpay has announced the addition of Tyme Bank, Bidvest Bank, Old Mutual Money Account and African Bank to EFTsecure – the first instant EFT solution in South Africa to add these four banks on checkout. EFTsecure opens the eCommerce market to users who do not have a credit card, with the most advanced EFT payment
Many businesses are now part of a global marketplace. Even companies that primarily serve a local community cannot afford to ignore the wider world. Such businesses are likely to be receiving supplies from abroad, or dealing with other companies that are internationally owned. And for most businesses, making foreign sales and investments, and the added
South Africa’s newest mobile network, Standard Bank Mobile, has expanded its service offering to allow customers to purchase Apple, Samsung and Huawei smartphone devices with a convenient financing option. The Bank has introduced an innovative way to acquire a smartphone by financing devices over 24 months using an extended payment facility on Standard Bank credit
