Finance Trends 2016

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wiGroup develops rewards app for Mercantile Bank

Mercantile Bank has partnered with mobile transaction solutions provider, wiGroup, to develop an app that will enable entrepreneurs to earn and redeem points at till points...

8 Feb 2016 15:53

Here are your banking fees for 2016

From January, new banking fees have kicked in at three of five of South Africa's major banks. Detailed in the tables below are a selection of key transaction fees...

By Quinton Bronkhorst 8 Feb 2016 12:58

Standard Bank honoured for overcoming risks

Standard Bank said it had won the Risk Emerging Markets Dealer of the Year award for 2016. Officials said this followed a strong performance by its team...

4 Feb 2016 11:52

FNB welcomes Reserve Bank's raise in repo rate

First National Bank (FNB) has announced that its prime lending rate will be increased by 0.5%, taking the rate from 9.75% to 10.25% following the decision...

29 Jan 2016 13:10

Repo rate hike is but one step amid broader policy tightening

Amid waning liquidity, higher funding costs, rand weakness and rising inflation South Africa needs a decisive policy response. The 50bp hike in the Reserve Bank's...

By Arthur Kamp 29 Jan 2016 08:49

South Africa falls short of national savings 'pass rate': first Savings Index launched

In a first for South Africa, a national Savings Index has been launched to measure the country's state of savings against international counterparts, providing the real facts about savings...

Issued by Gordon Institute of Business Science 29 Jan 2016 12:38

Capitec directors see value in bank's share price

Three Capitec directors have invested about R9m so far this year in buying the banking group's shares. This could be a sign that former CEO Riaan Stassen, finance director Andrè du Plessis...

By Phakamisa Ndzamela 28 Jan 2016 07:50

Sarb hikes interest rate by 50bps

South African Reserve Bank (Sarb) governor Lesetja Kganyago has announced a 50 basis-point increase in the repo rate to 6.75%...

By Carin Smith 28 Jan 2016 16:50

Nedgroup Investments launches low-cost global investment fund

Nedgroup Investments has announced the launch of a new global investment fund - the Nedgroup Investments Core Global Fund....

26 Jan 2016 15:23

Demand for Islamic finance on the rise

A growing number of South African citizens are seeking alternate banking solutions for a diverse range of financial needs. Islamic banking and its principles-based approach...

25 Jan 2016 09:58

Standard Bank CEO foresees tough year ahead

This year is going to be a "tough" one for the local economy, with "no clear evidence" that high...

By Ntsakisi Maswanganyi 21 Jan 2016 16:15

Five things you should know about Big Data for 2016

To overcome the current tough economic conditions, financial institutions and businesses will be looking to leverage Big Data analytics...

21 Jan 2016 07:00

Cybercrime on the rise - banking survey

Today the concern for banks is not so much that the bank vault will be empty, but that the IT system will be empty. Every day, several times a day...

By Danette Breitenbach 20 Jan 2016 13:33

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