Postbank loses more than $3.2mn due to bank heist
The bank is now forced to replace more than 12 mn cards for its customers...
Tag : South Africa Banking
South Africa to set up wealth fund, state bank to improve financial access
The plans for both proposals were announced by President Cyril Ramaphosa in his 2020 State of the Nation Address...
South Africa reduces cheque limits to boost the use of B2B epayments
Checks can be written below $3,500 to encourage businesses to utilise more epayment options...
Now South Africa’s Standard Bank starts selling smart phones
The new scheme allows customers to buy smartphones through an extended payment facility...
South Africa requests new banking licence for Postbank
South African Post Office is losing out large number of logistics business due to this factor...
South Africa’s new Debt Relief Law causes major concern to banks
The banking sector, the clothing retailers and the Democratic Alliance have opposed the law...
Absa’s retail banking market share, profits increase
The increase in earnings is attributed to the strong performance of its South African retail business...
South Africa’s Standard Bank pivots away from Argentina
The sale of stake in a Chinese unit’s Argentina operations stems from renewed focus on Africa...
South Africa’s central bank prepares to sell 50% stake in African Bank
African Bank was placed under the central bank five years ago when low-income clients failed to pay back personal loans...