the Banking & Finance community of South Africa

Wall Street plunges amid economic woes

Tue, 02 Dec 2008 13:26:00 +0200

NEW YORK, USA: Wall Street plunged amid economic woes on Monday as investors cashed in some of their gains from the big rally in the previous week and key economic reports showed economic slowdown. Read full story... | Send to a friend

October CPIX slows to 12.4%

Thu, 27 Nov 2008 12:27:00 +0200

South Africa's targeted Consumer Price Index (CPIX), excluding mortgage rate changes, slowed for the second consecutive month to 12.4% year-on-year in October, indicating that there might be a cut in interest rates. Read full story... | Send to a friend

Manuel urges SA to maintain healthy economic growth

Fri, 21 Nov 2008 09:01:00 +0200

South Africa needs to ensure that its firms and people are more productive, more export orientated and have higher savings and investment rates, says Finance Minister Trevor Manuel. Doing so would help in curbing the effects of the global economic crisis. Read full story... | Send to a friend

G-20 leaders commit to restoring global growth

Mon, 17 Nov 2008 12:14:00 +0200

The Group of 20 (G-20) countries are determined to enhance cooperation and work together to restore global growth and achieve reform in the world's financial systems. Read full story... | Send to a friend

The credit crunch: A potential opportunity for card issuers

Mon, 17 Nov 2008 11:04:00 +0200

Today's liquidity crunch is a far-reaching conundrum causing the global credit markets to react in an irrational and volatile way. All granters of credit are under immense pressure, as the market continues to point its gnarled finger at the mortgage industry as the chief culprit for the market's disarray. Read full story... | Send to a friend

Standard Bank launches mobile-based ATM/branch locator

Thu, 13 Nov 2008 13:39:00 +0200

AfriGIS, a location based services company, has developed a mobile service that enables Standard Bank customers to locate the nearest Standard Bank ATM or branch from their cellphones. Read full story... | Send to a friend

World Bank cuts growth forecast amid global financial crisis

Wed, 12 Nov 2008 17:05:00 +0200

The World Bank on Tuesday lowered its growth forecast for the world economy to only 1% in 2009 due to the impacts of the global financial crisis. Read full story... | Send to a friend

End of free banking becomes a reality

Wed, 12 Nov 2008 06:01:00 +0200

For years, South African bank customers have complained of high bank charges. Now it seems customers in the UK will also begin to feel the pinch - and they could end up paying for services they presently enjoy for free. Read full story... | Send to a friend

SA's credit downgrading 'not catastrophic' - economist

Tue, 11 Nov 2008 14:10:00 +0200

Credit agencies have lost integrity in the midst of the ongoing global financial crisis and in an attempt to regain credibility, they have downgraded many emerging markets from stable to negative. Read full story... | Send to a friend

Food, oil dominate 2008 global economy

Thu, 06 Nov 2008 06:12:00 +0200

The South African Reserve Bank's Monetary Policy Review (MPR), released on Tuesday highlighted that price increases in food and oil, coupled with a fluctuating exchange rate has dominated the economy in 2008. Read full story... | Send to a friend