Cash isn’t king in South Africa
Nedbank CFO Mike Davis says that South Africa is seeing a push away from cash, which is extremely expensive for banks.
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Nedbank CFO Mike Davis says that South Africa is seeing a push away from cash, which is extremely expensive for banks.
South Africans applying for a smart ID card now have 66 bank branches to choose from, including the first branches in the Free State and North West Provinces.
Discovery Bank recently rolled out a raft of new security features to better protect customers from fraudsters.
Sim Tshabalala on the group’s annual results and the progress of its Vision 2028 strategy.
Big changes are coming to debit orders in South Africa in April, giving consumers more time to dispute transactions.
Capitec has overshot its Smart ID launch branches, opening 30 in the first week of the project with the Department of Home Affairs.
PSG Financial Services has appointed former Reserve Bank Chief Economist Dr Christopher Loewald to its board.
A third major South African bank has announced the first new branches part of an expanded digital partnership model with Home Affairs.
Standard Bank has announced that it has officially expanded access to Smart ID services to four new bank branches, adding to the growing list of locations where South Africans can pick up the card.
CEO Mary Vilakazi discusses the group’s interims, non-performing loans improving, interest rate expectations, SA’s need for structural reforms and the Sarb’s proposed repo rate review.