SASSA Says Expiry of Cards Will Not Affect Beneficiaries

The issues of the South African Social Security Agency (SASSA) expiry card has brought a lot of uncertainty among social grant beneficiaries who are now living in fear of what will happen when the card expires on 31 December 2017. SASSA would like to assure beneficiaries of social grants that the matter has been dealt

Encouraging Trends Emerging In The Short Term Loan Market

The short term loan or micro-finance market landscape has changed quite dramatically over the past five to ten years due to some interesting influencing factors. These include stricter regulations relating to the affordability of loan applicants, consumers making more educated decisions when obtaining loans, and loan providers behaving more responsibly when they grant them, says

Spark ATM Systems Achieves Record Growth as Banks Outsource ATM Networks

South Africa’s premier independent ATM deployer, Spark ATM Systems, has announced record installations for their third quarter, with 73% growth compared to their previous best quarter. This significant growth follows the company’s January 2017 acquisition by Cardtronics plc, in a move that marked the world’s premier ATM services provider’s entry into the South African market.

FNB Business Voted Best Business Bank in SA

FNB Business has again been voted “Top Corporate Bank” in the 18th installment of the annual Sunday Times Top Brands survey, this makes it the fifth year in a row that FNB Business wins top honors in the survey. The Sunday Times Top Brands survey is the leading barometer of consumer and brand sentiment in

TymeDigital Receives Banking Licence from South African Reserve Bank

The South African Reserve Bank (SARB) has issued an operating licence to TymeDigital by Commonwealth Bank SA. This is the first licence issued to a new bank by the SARB since 1999. The licence is scheduled to be published in the Government Gazette on Friday 29 September 2017. Commonwealth Bank of Australia (CBA) Group CEO,

TymeDigital Receives Banking Licence from South African Reserve Bank

The South African Reserve Bank (SARB) has issued an operating licence to TymeDigital by Commonwealth Bank SA. This is the first licence issued to a new bank by the SARB since 1999. The licence is scheduled to be published in the Government Gazette on Friday 29 September 2017. Commonwealth Bank of Australia (CBA) Group CEO,

Visa Deepens Collaboration with Merchants at Visa 2017 Merchant Forum

Visa held the 2017 Merchant Forum in Cape Town recently, bringing their global experts to share insights with local merchants and showcase their new merchant focused offerings that enable greater customer engagement, marketing collaboration, and data insights. The forum was specifically designed to speak to non-bank Visa clients that are on the acceptance side of

Visa Deepens Collaboration with Merchants at Visa 2017 Merchant Forum

Visa held the 2017 Merchant Forum in Cape Town recently, bringing their global experts to share insights with local merchants and showcase their new merchant focused offerings that enable greater customer engagement, marketing collaboration, and data insights. The forum was specifically designed to speak to non-bank Visa clients that are on the acceptance side of

Latest BankservAfrica Data Shows Six Months of Sustained Improvement

South African salaries and pensions have increased above the rate of inflation for the sixth consecutive month, with salaries improving by an average of 1.1%, after inflation, compared with August last year, while pensions grew by 0.9% in real terms. Mike Schüssler, Chief Economist at Economists dotcoza, points out that the increases recorded by the

Latest BankservAfrica Data Shows Six Months of Sustained Improvement

South African salaries and pensions have increased above the rate of inflation for the sixth consecutive month, with salaries improving by an average of 1.1%, after inflation, compared with August last year, while pensions grew by 0.9% in real terms. Mike Schüssler, Chief Economist at Economists dotcoza, points out that the increases recorded by the