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Banking & Finance News

For a strong, robust and sustainable economy, it is necessary for South Africans, the poor in particular, to start spending less and saving more. 7 Jul 2008
The South African National Treasury has welcomed the recommendations of the Executive Overview of the Banking Enquiry Report by the Competition Commission which was released on Wednesday, 25 June 2008. 26 Jun 2008
NEWSWATCH: The Consumer Price Index (CPIX), excluding interest on mortgage bonds, has breached expectation to hit 10.9% in May, it was announced earlier today, 25 June 2008. It was anticipated to reach only 10.8% after it's rise to 10.4% in April. Analysts have forewarned consumers that interest rates may go up again. 25 Jun 2008
The price increases of food and energy are the main drivers of inflation, according to the South African Reserve Bank's (SARB) quarterly bulletin released on Thursday, 19 June 2008. 19 Jun 2008
Standard Bank has been awarded the Global Business Coalition (GBC)'s Award for Business Excellence for its HIV/AIDS Workplace Program in 2008. The award effectively recognises the best workplace AIDS program in the world. 13 Jun 2008
Yesterday's 50 basis point interest rate hike tightens the screws on all of us, so now is not the time to take on more credit. Say No! to any loan offers, and if your bank refuses your request for a loan, believe it or not, they are probably doing you a favour. Furthermore, if you run into difficulties, talk to your bank and explore your options - before the situation becomes critical. 13 Jun 2008
Despite economists and analysts across the board forecasting a 100 basis point increase, Reserve Bank Governor Tito Mboweni on Thursday, 12 June 2008, raised the repo rate by 50 basis points. 12 Jun 2008
Today's increasingly competitive marketplace elevates the importance of flexibility and efficiency in the administration processes surrounding life insurance policies. 12 Jun 2008
An upcoming Annual Bank Conference on Development Economics (ABCDE) is to discuss high food prices and financial turmoil among other issues. 4 Jun 2008
The usual price increases in food, fuel and power as well as transport have pushed April's Consumer Price Index, excluding interest on mortgage bands (CPIX), to 10.4% year-on-year (y/y). 28 May 2008
Retail investors can become jittery when volatility sets in, but a thorough briefing before your investment portfolio takes shape goes a long way to preventing a later panic attack, says Stanlib. 26 May 2008
Reserve Bank Governor Tito Mboweni has reiterated that South Africa's inflation outlook is bleak, a signal that the repo rate could be hiked again, when the Monetary Policy Committee (MPC) meets again next month. 22 May 2008
Furniture retailers join the scrap about how badly high interest charges are hurting consumers - and they're outraged about something else as well. 19 May 2008
Retail investors make themselves vulnerable to potentially huge losses and personal liabilities by forgetting about a crucial risk. 16 May 2008
Rising inflation doesn't only put pressure on the Reserve Bank - it also tests short-term insurance cover. Macro factors like inflation and rising import costs on the back of a weaker Rand can drive up replacement values of many household items, from audio equipment to furniture and appliances. 5 May 2008
US - Who would have thought the meltdown in financial services could fuel the overhaul of the industry's customer service departments? Actually, it's just one of several factors driving companies to put customer service initiatives on the fast track in pursuit of compelling business advantage. 5 May 2008
The Production Price Index (PPI) for March 2008 has come in much higher than expected at 11.8% year-on-year (y/y) reported Statistics South Africa (Stats SA), on Thursday, 24 April 2008. 24 Apr 2008
The Absa-Barclays tie-up will allow Woolworths to offer a premium credit card to customers earning above the LSM 6-8 level. 24 Apr 2008
Leading short-term insurer, Mutual & Federal, has announced that it is launching a low cost short-term insurance product - Insurance 4 All - targeted at the low-income market and fundamentally based on sustainable business principles. 24 Apr 2008
The Consumer Price Index excluding interest on mortgage bonds (CPIX) has soared to 10.1% for March 2008, reported Statistics South Africa (Stats SA) on Wednesday, 23 April 2008. 23 Apr 2008
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