Reserve Bank keeps repo rate unchanged
The South African Reserve Bank’s Financial Coverage Committee (MPC) has determined to maintain the repo rate unchanged at 3.5% every year. In an announcement on...
Absa plans R9.6 billion deal to increase black ownership
Absa is contemplating a brand new Black Financial Empowerment plan that might represent as a lot as 8% of South Africa’s third-largest lender, value about...
African Bank warns of data breach with personal details compromised
African Bank has confirmed that one of its appointed skilled debt restoration companions, Debt-IN, was focused by cybercriminals in April 2021. On the time, professional...
What to expect from South Africa’s interest rate meeting this week
The vacation-shortened week will probably be dominated by the discharge of the August shopper inflation (CPI) figures on Wednesday (22 September), adopted by the conclusion...
‘Mortal combat’ faces Standard Bank
Standard Bank Group Ltd’s purpose of including no less than 10 million prospects forward of a 2025 deadline has set the stage for a tug-of-war...
Worrying mortgage data highlights the financial state of consumers in South Africa
The South African financial system has been slowly inching in the direction of an financial restoration after the onerous lockdowns imposed in the second quarter...
FirstRand reports faster than expected earnings recovery
FirstRand, the monetary providers group comprising FNB, RMB, and WesBank, on Thursday (16 September) reported outcomes for the yr ended June 2021, exhibiting a 56%...
Tax evasion vs tax avoidance in South Africa – and why SARS wants you to pay your fair share
There may be not a lot of a high-quality line between tax evasion and tax planning as there's a large gray superhighway dissecting the 2...
Research gives some idea about how much South Africa’s cryptocurrency owners have
Conversations and debates about how cryptocurrency works and whether or not or to not make investments have been commonplace at dinner events, within the workplace...
TymeBank expects to break even in 2022
South African digital banking group TymeBank has hit 3.45 million clients on the finish of June 2021, onboarding round 5,000 clients each day. TymeBank reported...