South African financial institutions have been slammed for their failure to prioritise succession planning, relying heavily on current personnel.
Government's big push to facilitate the registration of Postbank as a state-owned bank for poorer communities is risky for South Africa's fragile economy.
FirstRand says it expects the South African GDP to contract by 0.1% in 2023.
Old Mutual has completed an all-in migration to Amazon Web Services as it eyes a 2024 launch for its new bank.
Standard Bank says credit impairment charges for the first five months of 2023 are nearly 50% more than the same period in 2022.
Despite South Africa losing wealth to emigration and difficult market conditions, several banks offer accounts exclusively to the super rich.
Vodacom has launched two new banking services through its VodaPay app.
Six banks in South Africa offer entry-level accoutns with no monthly fees.
Standard bank has launched a new middle-market account for 'go-getters'.
The tough economic climate has led to an increase in credit impairments at African Bank.