Banking scams evolving faster than South Africa can fend them off
A professor of cyberlaw has said that South African authorities must spend more training officials to deal with scams and fraud.
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Two top banks roll out new ATMs in South Africa
Two top banks in South Africa have added more ATMs to their networks in the past three years.
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Banking | banking fraud | Carla Wilby | Orca Fraud | SABRIC | Security
Internet banking fraud victims lose R73,582 per case, much more than people whose bank apps are taken over
Regular Internet banking fraud costs victims much more per incident than banking app fraud.
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The man who went from driving taxis to becoming the CEO of a South African bank with over 6 million customers
Zweli Manyathi has gone from building bridges and driving taxis to leading African Bank as CEO.
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Capitec fraud crackdown saves R699 million
Capitec’s systems protected over 113,000 clients from fraudulent transactions between July 2026 and June 2026.
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Nedbank gets approval for R13.9 billion acquisition
The Central Bank of Kenya has officially approved Nedbank Group’s proposed acquisition of a 66% stake in the Kenyan NCBA bank.
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R2.4 billion stolen from South Africans – over R21,800 per person
New data from SABRIC serves as a warning over the rampant surge in digital banking fraud, which has cost South Africans R2.4 billion.
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ABSA | Banking | banking fraud | Capitec | card fraud | Security
Major bank in South Africa takes R129-million cyber fraud hit
Absa said its operational risk losses grew to R369 million in 2026, largely driven by increased incidents of digital fraud.
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The generation shaping the future of money
Unlike older generations, who often adopted digital banking later in life, younger consumers value convenience, speed and seamless digital experiences.
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Major banks still facing prosecution for rand manipulation in South Africa
The Competition Commission says it will pursue prosecutions against seven major banks as part of its investigations into rand manipulation.