Banking group Capitec on Tuesday (12 April), reported an 84% increase in headline earnings per share for the year ended February 2022, to R73, with active clients were up 14% to 18.1 million, boosted by continued momentum in digital banking.
Professional services firm PwC has published an updated financial forecast for South Africa on the back of Russia's invasion of Ukraine and global inflationary pressures.
The Department of Home Affairs (DHA) plans to expand its service offering through bank branches in the coming months in a move to cut down on growing queues at its offices.
Credit reporting agency TransUnion South Africa says that at least three million South Africans have been impacted by a data hack earlier this month.
PwC's latest report details the performance of South Africa's major banks as well as what they might change.
The South African Reserve Bank's (SARB's) decision to hike interest rates by 25 basis points to 4.25% on Thursday (24 march) came as little surprise, but commentary surrounding the increase indicates that steeper hikes could be on the way, says…
With so many entry-level bank accounts in South Africa to choose from, BusinessTech provides a comparison between them, looking at fees for withdrawals, deposits, and monthly maintenance.
Consumers in South Africa are offered a wide range of protection in the form of legislated consumer rights. These rights have been developed and applied over the years into the framework that we know today, notes the Banking Ombud.
Banks are catering to high income South African with luxury benefits and rewards for certain credit card holders. BusinessTech took a look at what major banks offer and what they provide their clients.
Cryptocurrency has been gaining momentum in South Africa and the government made it clear in its 2022 Budget Speech that they are taking it very seriously, says advisory firm Tax Consulting SA.
© 2022, Instive. All rights reserved
