bankslatest news & developments
SARB PayShap. Rawpixel/Currency

Why the SARB is losing patience with South Africa’s banks

South Africa’s banks say PayShap is growing rapidly, but the SARB says adoption remains too slow, and may mandate wider acceptance

Absa ugly duckling. Rawpixel/Currency

The odd bank out

After years of leadership churn, and with a turnaround now under way, Absa is still searching for its mojo

Standard Bank Lungisa Fuzile. Supplied

Zero to $500m: Standard’s big China experiment pays off

Standard Bank’s renminbi experiment is taking off, driven by customer demand to simplify trade and reduce currency costs

Business red tape. Competition authorities. Rawpixel/Currency

Trust issues: competition watchdog under fire

The Constitutional Court’s banks ruling has intensified scrutiny of a Competition Commission battling credibility and competence

Fintech credit. Rawpixel/Curreny

The fintechs muscling in on South Africa’s credit gatekeepers  

Armed with data, algorithms and frictionless onboarding, fintechs are increasingly deciding who gets access to credit, and doing it faster than the banks.

Capitec race. Rawpixel/Currency collage

Why the Capitec sceptics keep getting it wrong

The bank looks expensive yet keeps proving the doubters wrong. The question investors should ask isn’t how much Capitec earns – it’s how long it lasts

SMS bank scams. Rawpixel/currency

How a perfectly faked SMS can empty your bank account

South Africans are bombarded with phishing scams. The tools to curb them exist, but until companies deploy them, nothing will change

Money remuneration clawback. Rawpixel/Currency collage

When disaster strikes: FirstRand’s pay dilemma

The FCA’s MotoNovo redress scheme has cost FirstRand R11.9bn more than expected. Now to see how the remuneration committee responds

FirstRand Aldermore. Rawpixel/Currency collage

From buy to bye: FirstRand’s R17.7bn UK bungle

Aldermore was supposed to be an ‘ideal platform’ through which FirstRand could expand in the UK. It’s proved to be precisely the opposite

Bank rewards jousting. Rawpixel/Currency collage

The ‘cash back’ clash: which banks really pay?

From cashback rewards to rising tiers, South Africa’s biggest banks promise plenty. But unlocking real value can feel like a part-time job

GoTyme phygital. Rawpixel/Currency collage

GoTyme, Africa’s first profitable digital bank, gets physical

The bank is moving to consumer hubs to establish more of a physical presence. What does that say about its digital roots?

FirstRand CEO Mary Vilakazi. Firstrand.co.za

FirstRand’s Vilakazi asks South Africa for a ‘more neutral stance’ as Iran war escalates

The bank’s CEO is concerned that geopolitical fallout resulting from South Africa’s perceived alliances could hurt the economy

Capitec / banks race. Rawpixel/Currency collage

Inside Capitec’s big bet on fintech

For a company that started as a microlender, Capitec has evolved into a full financial services shop. And it’s not slowing down yet

Shoprite bridge SMEs. Rawpixel/Currency collage

Can Shoprite fill the small business funding gap?

South Africa’s SMEs desperately need more, and better priced, funding options. Shoprite is looking to step into the breach

Africa cross-border payments. Rawpixel/curreny collage

The PAPSS promise: faster, cheaper Africa payments

The Pan-African Payment and Settlement System could transform cross-border payments. But it faces integration, liquidity and infrastructure hurdles

Banks and climate change. Rawpixel/Currency collage

Banks retreat from climate change commitments – but it’s business more than politics

The Net-Zero Banking Alliance suspended activities in August. Why did such initiatives rise and then fall?

Kennedy Bungane. Picture supplied

As African Bank eyes a return to the JSE, who is the man leading it there?

Reviving African Bank, which imploded in 2013, has not been easy. But CEO Kennedy Bungane calls the new incarnation ‘a mission manifesting as a bank’

African borders. RawpixelCurrency collage

Borders without banks: how necessity forged Africa’s fintech boom

Africa’s digital payments economy is expected to reach R1.5-trillion by 2030. That’s the result of innovation sparked by necessity

Viceroy FSCA Capitec

Viceroy loss a boon in rand-rigging case

Viceroy’s court loss over a 2018 Capitec report has big implications for foreign banks accused of rigging the rand

Gerrie Fourie, Capitec CEO. Picture: Supplied/Currency News

The Fourie factor behind Capitec’s surge

Capitec CEO Gerrie Fourie will leave the bank in September. He’s had a sterling 25-year run at the business