Nedbank Group wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader in funding renewable power projects.
Financial services group FNB says that as small and medium enterprises (SMEs) increasingly migrate to digital channels, fraudsters have taken advantage of the opportunity to revive the old Advanced Fee Fraud (419 scam).
South Africa's central bank has revealed new changes to how it intends to conduct business in the future.
The latest Quarterly Perspective for Q3/22 reports that against the backdrop of surging inflation, rising unemployment and an increasingly desperate factional battle in the ANC - instability could occur.
The Ombudsman for Banking Services (OBS) says it is receiving complaints from bank customers relating to creditors coming after prescribed debts - and it is now urging consumers to get informed about how this debt is handled in South Africa.
Rocketing inflation rates are taking a toll on the average salaried worker, data contained in the latest monthly BankservAfrica Take-home Pay Index (BTPI) shows.
The South African Reserve Bank's (SARB) Prudential Authority has warned the country's biggest banks that they are at high risk of being used for money laundering and terrorism funding.
South Africa’s banking regulator said there is a high risk of money laundering and terrorist financing activity in the industry, citing the extensive use of cash and exposure to overseas lenders.
Monocle Head of Research Guy Wilding discusses what open finance is, why it is such an important concept, and the reasons it is viable.
Mastercard’s Muhammad Nana unpacks the launch of Fintech Express in the Middle East and Africa region and explains what this program is all about.
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