Major South African bank buys a slice of Dubai
FirstRand, the owner of FNB and RMB, is offering good value to investors, with the company set to grow in the digital banking space after buying a slice of Dubai-based Optasia.
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FirstRand, the owner of FNB and RMB, is offering good value to investors, with the company set to grow in the digital banking space after buying a slice of Dubai-based Optasia.
All of South Africa’s traditional banks have decreased their ATM footprint over the past five years — with one exception.
The bank offers customers a significant discount on an annual administrative task through its app.
Gold and platinum miners have been favoured, and lending growth has been poor – we need to see consumers spending and corporates borrowing, but there hasn’t been the right level of job creation yet: Kokkie Kooyman of Denker Capital.
Absa’s tailored financial solutions help businesses expand their fleets and optimise supply chains – all while keeping the economy turning.
‘Currently, 62% of South Africans rely on cash for daily transactions; we would like to see that come down while providing digital payment options’: Pradeep Maharaj, head of the Payments Ecosystem Modernisation Programme at SA Reserve Bank.
The latest media sentiment report released by Press Pulse shows that Capitec and Standard Bank top the rankings, followed by FNB, Absa, and Nedbank.
The SARB is moving from Jibar to ZARONIA, which it calls one of the largest financial market reforms in decades.
Absa’s Rob Downes and Juanetta Furusa-Matelakengisa, and Krutham’s Zanele Baloyi share insights from the recently-commissioned Africa Digital Assets Report 2025.
The National Treasury has appointed First National Bank (FNB) to facilitate the Ithala Bank payouts. The National Treasury says this is to ensure that funds are paid out in an orderly and secure manner as no payouts will be made at Ithala branches. Over 250,000 Ithala customers have been unable to access their funds since…