The Banking & Finance community of South Africa

Growth of ATM installations

Mon, 13 Feb 2012 09:06:00 +0200

Spark ATM Systems, one of South Africa's premier ATM deployer importing, installing and maintaining world-leading ATMs in retail, hospitality, leisure and rural locations, among others, reports an excellent final quarter for 2011.
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January shows cash withdrawal drop after buoyant festive season

Wed, 08 Feb 2012 13:42:00 +0200

The average cash withdrawal values across South Africa for December 2011 was R417, a 2.63% year-on-year increase on January 2011's average withdrawal, as measured by the Spark Cash Index (SCI). Month-on-month values revealed a drop of 8.81% from the record rate in December 2011 of R458.
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It's Absa vs 22seven as war of words erupts

Thu, 02 Feb 2012 15:36:00 +0200

Online personal financial management start-up 22seven on Wednesday accused Absa of blocking its US technology partner Yodlee from accessing users' Internet bank accounts. Absa confirms it has blocked the service and on Wednesday defended its decision in an interview with TechCentral.
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Gordhan's budget should boost business confidence

Thu, 02 Feb 2012 08:38:00 +0200

South Africa's upcoming Budget Speech needs to boost business confidence while at the same time, 2012 needs to be a year of implementation, says Business Unity South Africa (BUSA).
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Three top Absa executives quit

Mon, 30 Jan 2012 16:39:00 +0200

According to a Mail & Guardian report, three top executives in Absa have announced that they will be leaving the banking group. Alfie Naidoo, the group's chief operating officer, Happy Ntshingila, chief marketing and communications manager, and Daphne Motsepe, head of unsecured lending will be leaving Absa.
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Banks train their guns on start-up 22seven

Mon, 30 Jan 2012 14:41:00 +0200

Financial management website 22seven has been live for just a day and already it's facing its first serious challenge.
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Do you have a budget tip for Gordhan?

Fri, 27 Jan 2012 11:24:00 +0200

With a few weeks to go before Finance Minister Pravin Gordhan tables the 2012 budget in Parliament, the public has been called upon to send in their tips to the minister.
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FNB extends eWallet through Pep stores chain

Tue, 24 Jan 2012 13:29:00 +0200

First National Bank and Pep stores countrywide now offer FNB eWallet, which allows any South African consumer, with a bar-coded South African ID, to deposit, withdraw or send money, make payments and purchase goods in store.
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Repo rate remains unchanged at 5.5%

Fri, 20 Jan 2012 13:32:00 +0200

Much to the expectation of analysts, the Reserve Bank has decided to keep the repo rate unchanged at 5.5% at the first meeting of the Monetary Policy Committee this year.
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PayFast offers mimoney users more options

Thu, 19 Jan 2012 12:45:00 +0200

Mimoney, a secure mobile phone payment method, enables shoppers to do online shopping without the need for a credit card, bank account or the need to enter sensitive personal information during checkout.
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