[Marc Hasenfuss] It was scarcely a week after reiterating its strategic positioning at an AGM that industrial conglomerate Steinhoff International surprised the market by taking a 20% stake in Stellenbosch investment house PSG Group.
13 Jan 2012 14:13 The average cash withdrawal values across South Africa for December 2011, was R458, a 2.45% year on year increase on December 2010's average withdrawal of R447, as measured by the Spark Cash Index (SCI). Month on month values revealed a significant increase of 8.75% from November to December 2011.
12 Jan 2012 10:23Banks must keep up with technological developments to make it easier for their customers to use mobile banking, while regulators have to overcome concerns about privacy and security, says professional services firm KPMG.
11 Jan 2012 14:43Business Live reports that the National Treasury received an injection of R30-billion to boost its cash balance to almost R190bn in December 2011.
6 Jan 2012 13:27 
Weak economic growth and low consumer confidence may mean lower bank charge increases for some bank customers next year.
6 Jan 2012 07:39Fin24 reports that multinational banking group Virgin Money has managed to buy Northern Rock - the nationalised bank that was rescued by the British government.
4 Jan 2012 11:13 
[Trevor Neethling and Alistair Anderson] Newly appointed Reserve Bank deputy governor Francois Groepe is no stranger to the central bank, even though his appointment may have surprised a few.
23 Dec 2011 08:12[Zeenat Moorad] The latest cash withdrawal statistics released by Spark ATM Systems, one of SA's premier independent ATM deployers, on Tuesday revealed that festive season spending for December was fast gathering momentum and could reach its peak this coming week as more consumers head to the tills as the Christmas shopping deadline nears.
23 Dec 2011 07:27 
[Paddy Hartdegen] Ask any Gautenger (or 'Vaalie) about Cape Town and they'll talk about those 'mountain goats who live a laid-back lifestyle'. They'll enviously talk about how, in Cape Town, work only starts at nine and last just a couple of hours before the 'workers' nip off for crudités dipped into an outlandish fynbos dressing for lunch, accompanied by herbed, non-alcoholic wine and finished off with rooibos cappuccino.
22 Dec 2011 09:01The
Sowetan reports that there has been a sharp rise in "hula-hoop" schemes where debt-ridden consumers attempt to get someone else to take over payments on a vehicle. It says that these schemes are not only risky, but also illegal.
21 Dec 2011 14:36
Once consumers have overspent and cannot afford to pay back the monies, ugly little 'additional costs' begin creeping their way into an already unhealthy negative number, such as interest, fees and charges. What the '
In Duplum rule' does is protects consumers and essentially caps the interest figure once it reaches the same amount as the actual money that is owed.
19 Dec 2011 10:17The latest National Credit Regulator (NCR) stats indicate a 13.36% increase in new credit granted to consumers as compared to June 2011. Adding in credit providers previously not reported on, the total new credit granted equates to 16.24%.
15 Dec 2011 11:47The average cash withdrawal values across South Africa for 1 - 11 December 2011 was R434, 2.12% year-on-year increase from R425 in 2010, as measured by the Spark Cash Index (SCI).
14 Dec 2011 09:30As at end of September 2011, credit bureaus had records for 19.10 million credit-active consumers, an increase of 1.4% over the 18.84 million reported for the quarter ended June 2011. Consumers classified in good standing increased by 232 000, a 0.5% increase in proportion to the total number of credit-active consumers. The number of consumers with impaired records increased by 24 000 to 8.83 million, a 0.5% decrease quarter-on-quarter and 0.1% year-on-year.
9 Dec 2011 11:45
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