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South African banks need to do more to ensure financial inclusion

An analysis of financial inclusion in South Africa shows that affordability limits poor households' access to formal financial services...

By Velenkosini Matsebula & Derek Yu 1 day ago

Absa Life launches a bot that helps both customers and employees

With the help of a WhatsApp chatbot, Absa Life funeral policyholders can now access basic policy information at any time of the day or night...

Issued by Praekelt 3 days ago

Ready, set, comply - sections of the PoPIA implemented

President Cyril Ramaphosa has announced that sections of the long-awaited Protection of Personal Information Act (PoPIA) will finally be enforceable from 1 July 2020...

By Johan Botes and Kirsty Gibson 24 Jun 2020

Electronic banking fraud in Nigeria: how it's done, and what can be done to stop it

Six years ago, a cashless policy became fully operational in Nigeria. The aim was to encourage electronic transactions with a view to reducing the amount of physical cash in the economy...

By Oludayo Tade 24 Jun 2020

Protection of Personal Information Act sections come into effect

The Presidency has announced the commencement of certain sections of the 2013 Protection of Personal Information Act...

22 Jun 2020

What's going to change in finances after the pandemic?

Despite the given current uncertainty caused by the coronavirus pandemic, it is possible to foresee some changes that are already taking place in the South African economy...

22 Jun 2020

Strong economic headwinds allow alternate finance to test its mettle

In a severely depressed market, banks are retreating, traditional lending has all but dried up, and the the Sarb is cautioning against extraordinary shocks. Alternate finance may hold the key to keep the economy ticking over.

15 Jun 2020

Financial Sector Laws Amendment Bill to be tabled in Parliament

Cabinet has approved the tabling of the Financial Sector Laws Amendment Bill, 2020, in Parliament, National Treasury has announced...

12 Jun 2020

How banks can turn risks into opportunities during a crisis like Covid-19

The South African banking sector has a global reputation for being robust, well-regulated and resilient. These characteristics have stood the industry in good stead during times of crisis in the past...

By Tijsbert Creemers-Chaturvedi 10 Jun 2020

#YouthMonth: Ukheshe helping empower SA's youth through financial freedom

We chatted to Clayton Hayward, co-founder and MD of UKheshe, to find out more about the Ukheshe platform, what some of the barriers are for financial inclusion among SA's youth...

By Sindy Peters 4 Jun 2020

Standard Bank partners with Sefa to assist spaza shops

Standard Bank has partnered with the Small Enterprise Finance Agency to help spaza shops purchase stock through government funding...

4 Jun 2020

Exploring the new frontier: open banking

The concept of open banking is forcing banks to rethink financial services as it's understood today. Realising that this is the new frontier, the FSCA is far advanced in its research into open banking...

By Sindiswa Makhubalo 3 Jun 2020

Covid-19 stress testing indicates resilience of largest SA banks

Financial stress testing indicates that the largest South African banks are expected to remain resilient through the current period affected by the Covid-19 outbreak, even under severe stress scenarios...

2 Jun 2020

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