The Banking community of South Africa

Standard launches its loyalty programme

Wed, 12 Jun 2013 11:46:00 +0200

Standard Bank‚ Africa's largest bank by earnings‚ has set aside an undisclosed amount as an investment in a customer rewards programme aimed at retaining and acquiring new customers.
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NMMU moves to minimise internet fraud

Tue, 04 Jun 2013 07:02:00 +0200

A team of researchers in the School of Information and Communication Technology at the Eastern Cape's Nelson Mandela Metropolitan University has come up with a solution to mitigate SIM swap fraud and fraudulent internet banking transactions, using just a USB stick.
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Standard Bank sees 'pleasing growth'

Fri, 31 May 2013 08:54:00 +0200

Standard Bank's net interest income was supported by higher average balances flowing from balance sheet growth and positive re-pricing in the personal and banking products unit in the four months to April.
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Court clears FNB of racism charges

Thu, 30 May 2013 10:20:00 +0200

The North Gauteng High Court on Tuesday (28 May) rejected all allegations made against First National Bank (FNB) by interest re-calculator Emerald van Zyl. All claims have been dismissed with a punitive costs order made in favour of FNB.
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Financial Markets Act to come into effect in June

Thu, 30 May 2013 06:30:00 +0200

A new law meant to regulate financial markets and curb trading misconduct will come into operation from 3 June.
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Unchanged repo rate offers little stimulus for economy

Fri, 24 May 2013 10:55:00 +0200

Commenting on the decision by the Monetary Policy Committee meeting to keep the repo rate steady, Dr Andrew Golding, CE of the Pam Golding Property Group points out that while this contains inflation, a rate cut would have been a welcome move.
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FNB's CEO Michael Jordaan passes the baton after 10-year run

Fri, 24 May 2013 10:21:00 +0200

Family comes first for FNB CEO Michael Jordaan, who will resign as CEO of FNB at the end of the year, to spend more time with his family. FirstRand Limited's board announced on 22 May 2013 that Jordaan will be succeeded by Jacques Celliers.
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Reserve bank keeps repo rate unchanged

Thu, 23 May 2013 17:11:00 +0200

The Reserve Bank's Monetary Policy Committee [MPC] has kept the repo rate unchanged at 5% as expected by the market.
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Michael Jordaan steps down as CEO of FNB

Wed, 22 May 2013 11:06:00 +0200

NEWSWATCH: CEO of First National Bank, Michael Jordaan, tweeted earlier today announcing his resignation: "After 10 years at the helm of FNB, I will step down at the end of 2013. Thanks for all your support." Jacques Celliers, currently the FNB Business Banking CEO, is expected to take the reins as of next year.
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Carry multiple currencies on Absa Cash Passport

Thu, 16 May 2013 10:08:00 +0200

Absa has launched a multi-currency Cash Passport that enables South Africans to carry multiple foreign currencies safely on just one card. Representing the future of travel prepaid cards; it allows cardholders to load multiple currencies on the same card with the global reach of MasterCard, accessing 35.9 million locations worldwide.
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