FeaturedFintechPayShap: South Africa’s first rapid payments programmeIFM CorrespondentMay 29, 2023May 29, 2023 by IFM CorrespondentMay 29, 2023May 29, 2023 In the initial phase, PayShap users can access the real-time payment feature to pay recipients instantly, using either their bank details or a proxy via a unique identifier called ShapID... Read more
BankingFeaturedSouth Africa slashes interest rates to lowest in four yearsInternational FinanceJanuary 17, 2020March 18, 2020 by International FinanceJanuary 17, 2020March 18, 2020 The Monetary Policy Committee voted in unison to lower the repurchase rate to 6.25% from 6.5%... Read more
BankingSouth Africa central bank: Africapacity eyeing VBS for R2 bnInternational Finance DeskAugust 2, 2019 by International Finance DeskAugust 2, 2019 Africapacity made its intent known although it is yet to formally apply for a banking licence... Read more
BankingSouth Africa’s central bank prepares to sell 50% stake in African BankInternational Finance DeskJuly 5, 2019December 16, 2019 by International Finance DeskJuly 5, 2019December 16, 2019 African Bank was placed under the central bank five years ago when low-income clients failed to pay back personal loans... Read more
BankingStandard Bank Group selects AWS as its preferred cloud providerInternational Finance DeskMarch 27, 2019 by International Finance DeskMarch 27, 2019 One of Africa’s largest lenders selects AWS to accelerate mass migration, drive digital transformation, and enhance security posture in the cloud... Read more