Prudential Authority imposes sanctions on HSBC Bank
Prudential Authority imposes sanctions on HSBC Bank

The Prudential Authority (PA) has imposed administrative sanctions on the Johannesburg branch of HSBC Bank for non-compliance with aspects of the Financial Intelligence Centre Act...

1 day ago

Bernard Agulhas, CEO of IRBA
IRBA reports to Parliament on VBS

The IRBA told Parliament that it has followed the VBS Mutual Bank developments from the time the South African Reserve Bank (Sarb) placed the bank under curatorship...

8 Nov 2018

Kuben Naidoo
VBS in the red by R372m

Reserve Bank Deputy Governor Kuben Naidoo says unaudited restated financial statements show that VBS Mutual Bank has a negative equity position of R372m.

7 Nov 2018

Advocate Terry Motau
President: We must act against those who destroyed VBS

President Cyril Ramaphosa says the fraud and corruption that took place at VBS was a tragedy against the most vulnerable in society, and that action must be taken against those responsible for the crime.

6 Nov 2018

Kuben Naidoo, South African Reverse Bank deputy governor and CEO of the country’s Prudential Authority. Flickr/UNU-WIDER
Explainer: lessons from the collapse of a small South African bank

The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity crisis...

By Jannie Rossouw 5 Nov 2018

These are SA's favourite loyalty programmes
These are SA's favourite loyalty programmes

Pharmacy and beauty retail is leading the charge when it comes to loyalty programmes in South Africa. Clicks Clubcard has remained at the top as the most used loyalty programme...

2 Nov 2018

Standardbank team announced as the country’s most valuable brand at the inaugural BrandZ Top 30 Most Valuable South African Brands.
Local banks shine at inaugural BrandZ Top 30 Awards

Standard Bank was crowned the country's most valuable brand at the inaugural BrandZ Top 30 Most Valuable South African Brands when it launched at the Johannesburg Stock Exchange on Wednesday morning...

By Danette Breitenbach 1 Nov 2018

Michael Jordaan
Bank Zero has lift off

Bank Zero Mutual Bank was granted its licence, has integrated with the national payments systems of the South African Reserve Bank (Sarb), and is currently alpha testing their app-driven bank...

31 Oct 2018

Felix Antonysamy, business development manager, financial services at Wipro Limited
Partnering up: The only way forward for banks and fintechs

Local fintech players are carving out a sizeable chunk of the financial space with mobile money, social lending, bitcoin wallets, mobile card acquiring...

By Felix Antonysamy 31 Oct 2018

Know your debit orders: The game is changing and so should your strategy!
Know your debit orders: The game is changing and so should your strategy!

Recently PASA was mandated to develop a new debit system to replace EDO. We discuss how the collections game is about to change and the impact on your collections strategy...

Issued by Principa 25 Oct 2018

New blockchain savings platform to launch in SA
New blockchain savings platform to launch in SA

Fintech company Stackr and blockchain-focused software developer NONA are set to release to market the first saving solution for the blockchain community in South Africa...

Issued by NONA Digital 25 Oct 2018

Corporate content should be part of your DNA
Corporate content should be part of your DNA

On the cusp of exciting and fruitful pan-African networking and trade, the time to make use of an unbiased B2B media showcase for all Africa's dynamic, entrepreneurial business communities is now...

Issued by Bizcommunity.com 24 Oct 2018

Bizcommunity Recruitment in Africa Focus
Bizcommunity Recruitment in Africa Focus

A comprehensive B2B Recruitment Focus from December 2018 to February 2019 will ensure that Bizcommunity is the go-to destination for all the B2B news you'll need to plan your HR and recruitment strategies in 2019...

Issued by Bizcommunity.com 23 Oct 2018

The evolution of payments
The evolution of payments

New open banking ecosystem could render card payments obsolete...

Issued by Luxury Brands 22 Oct 2018

Presidency rejects VBS media reports
Presidency rejects VBS media reports

The Presidency has rejected media reports which have alleged that President Cyril Ramaphosa failed to take action on the VBS Bank saga...

16 Oct 2018

The best Biz summer holiday (content) package ever!
The best Biz summer holiday (content) package ever!

Feeling a bit state-capsized, swept along by more waves than a cryptocurrency chart? Here are some life-saving festive content ideas...

Issued by Bizcommunity.com 15 Oct 2018

Omar Abdisalan/Amisom/Flickr
Mobile money transfers have taken off in Somalia. But there are risks

A recent World Bank report showed that Somalia has one of the most active mobile money markets in the world, outpacing most other countries in Africa...

By Victor Odundo Owuor 15 Oct 2018

Report on VBS recommends criminal charges
Report on VBS recommends criminal charges

A forensic report into the embattled VBS Mutual Bank has recommended that criminal charges be laid against a range of individuals alleged to have looted about R2 billion from the financial institution...

11 Oct 2018

#FairnessFirst: SA's Standard Bank commits to global #HeForShe movement
#FairnessFirst: SA's Standard Bank commits to global #HeForShe movement

Standard Bank has firmed up South Africa's commitment to UN Women's #HeForShe movement. Here's why it's so impactful, especially in Africa, and how you can go beyond clicktivism and get involved, too...

By Leigh Andrews 8 Oct 2018

Shoprite Money now open for payroll and bulk business transactions
Shoprite Money now open for payroll and bulk business transactions

Shoprite has opened its mobile wallet service to businesses, enabling them to send money to multiple receivers. This means that a business of any size can pay staff salaries....

3 Oct 2018

Colin Coleman to join keynote speakers at The National Business Awards 2018
Colin Coleman to join keynote speakers at The National Business Awards 2018

Colin Coleman, a renowned South African banker and public figure will be talking at the Prestigious 16th Annual National Business Awards 2018...

Issued by Topco Media 1 Oct 2018

Is Africa the Silicon Valley of banking?
Is Africa the Silicon Valley of banking?

According to the cofounders of TagPay Yves Eonnet and Hervé Manceron in their new analysis of the digital revolution, Fintech: The Banks Counter-attack, "Africa is the Silicon Valley of banking"...

27 Sep 2018

Financial law bill open for comment
Financial law bill open for comment

National Treasury has published the Financial Sector Laws Amendment Bill, which will strengthen the Reserve Bank to manage the orderly resolution or winding down of a failing financial institution for public consultation...

26 Sep 2018

Investor confidence in Land Bank grows despite sector uncertainty
Investor confidence in Land Bank grows despite sector uncertainty

The Land Bank concluded another successful bond auction on Monday, 17 September, raising R1.5 billion to support its mandate, while attracting new investors in the process...

Issued by Land Bank 21 Sep 2018

John Kamaro, director for Global Gaming Africa
Blockchain as a solution to Africa's challenges

Africa is rising and technology is at the forefront of growth on the continent...

By Katy Micallef 21 Sep 2018

Coronation drops minimum investment amount to R1
Coronation drops minimum investment amount to R1

To celebrate its 25th birthday, Coronation has dropped its minimum investment amount from R5000 to R1, and is contributing a 10% top-up on investments made in September...

Issued by Coronation 5 Sep 2018

Pricecheck Tech and E-commerce Awards 2018 winners revealed
Pricecheck Tech and E-commerce Awards 2018 winners revealed

Takealot cleaned up at this year's Pricecheck Tech and E-commerce Awards, bagging four of the 14 awards presented, including the coveted E-commerce Service of the Year...

By Lauren Hartzenberg 31 Aug 2018

Financial institutions warned to guard against cyber attacks
Financial institutions warned to guard against cyber attacks

Deputy Reserve Bank Governor, Francois Groepe, has urged financial institutions to be aware of cyber threats as they embrace technological advancements...

30 Aug 2018

Shutterstock
What changing the ownership of South Africa's central bank will, and won't, do

South Africa's second largest opposition party, the Economic Freedom Fighters (EFF), has lodged a parliamentary motion to amend laws that govern the management and ownership of the country's central bank...

By Jannie Rossouw 27 Aug 2018

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