Online banking login, password must never be disclosed - FNB

FNB urges customers to never disclose their online banking login and passwords. Customers should never access FNB's online banking via a link, and should never respond to a request to update or reconfirm their banking details as this exposes the customer to phishing. FNB offers customers free anti-phishing and anti-spyware software. 1 Feb 2012 07:44

71 000 dollar millionaires and counting...

South Africa has more than 71 000 dollar millionaires and this number is likely to climb to more than 240 000 over the next five years according to Credit Suisse's Global Wealth Report. Average household income in this country has risen from $8 400 in 2000 to $34 300 a year by the middle of 2011. 21 Oct 2011 11:05

Nine accused in SBV Polokwane cash heist found guilty

The SBV Polokwane three year trial, pertaining to an attempted armed cash-in-transit robbery that occurred on 29 September 2006, received judgement on 20 January 2012. The armed robbers could not succeed in opening the vehicle and as a result, four SBV Services guards lost their lives when the robbers dowsed the cash van with petrol and set it alight. 30 Jan 2012 06:46

Mobile banking opportunities in Africa

[Dr KF Lai] Mobile-savvy consumers want to do more for their phones and this presents opportunities for Africa's banks and their merchant partners. 17 Mar 2011 10:06

Cheque limits reduced to R500 000 from July

Business Day says that the Payment Association of South Africa (PASA) has reduced the maximum amount that can be paid by cheque from R5-million to R500 000 from next July. 2 Dec 2011 14:08

Medscheme explains cost increases

Sound financial governance, not profit, is behind increases in medical aid contributions as schemes strive to maintain solvency ratios, says Kevin Aron, MD of Medscheme South Africa. Aron's comments come as 2012 increases in medical aid contributions have generated public debate, with many people arguing that benefits have shrunk while costs have risen above general inflation. 8 Feb 2012 13:16

Postbank hacked - R42m gone

Postbank lost R42m to an international hacking syndicate and according to Business Report, the National Intelligence Agency (NIA) has launched a high-level investigation into how the cybercriminals managed to steal the money from the South African Post Office's banking subsidiary. 16 Jan 2012 13:49

Key facets of the Medium-Term Budget Policy statement

[Paddy Hartdegen] Finance Minister Pravin Gordhan presented his Medium-Term Budget Policy statement to Parliament on Tuesday, 25 October 2011. The implications for the whole of South Africa are extensive and there are many different interpretations that can be placed on the policy and its implementation in the years ahead. 27 Oct 2011 10:51

Land Bank buys GroCapital debtors' book

The Land Bank has taken over the debtors' book of GroCapital Financial Services, a wholly-owned subsidiary of AFGRI in a deal that is worth R1,4-billion, according to a report published by Business Live. 26 Oct 2011 10:17

Wesbank's paperless finance contract

[Paddy Hartdegen] Wesbank's locally-developed iContract software system - that allows customers to sign finance deals online - is running and Wesbank says the web-based system will provide a secure environment that is simple to use and will guide users through the final process of acquiring a new vehicle. 26 Sep 2011 11:14

Easing of exchange control regulations, welcomed

Finance minister Pravin Gordhan has kept his mid-term budget promise made in October last year to further ease exchange controls, with a series of recently announced relaxations. 10 Feb 2012 12:29

Eduloan offers financial assistance to stampede victim's son

Following the tragic accident at the University of Johannesburg's Auckland Park campus, Eduloan has decided to contribute R10 000 towards the tuition of the son of the deceased. The person, whose family requested not to be identified, was trampled to death during the stampede that broke out at the campus. 13 Jan 2012 10:47

Amended SA tax laws will incentivise local R&D

Engineering News reports that South Africa's Taxation Laws Amendment Bill 2011 has been designed to incentivise local companies to upscale their research and development (R&D) activities. The Bill is yet to be signed by President Jacob Zuma and is expected to become effective in April 2012. 28 Nov 2011 08:38