The destruction of bank branches and automatic teller machines (ATMs) in KZN and Gauteng, and threats to the safety of bank employees, directly imperils the safety, social security, economic activity, and jobs of many thousands of South Africans, the Banking Association of South Africa (BASA) says in a statement
The Prudential Authority (PA) of the SA Reserve Bank (SARB) says it welcomes the measures taken by banks to support their customers during the present period of economic turmoil and uncertainty brought on by COVID-19.
In a bold move aimed at placing greater focus on the role of the financial sector in achieving inclusive economic growth, the governing body of the Amended Financial Sector Code (FSC), which came into effect on 1 December 2017, has expanded its mandate and assigned the most senior leaders of its constituents to strategically drive...
As we rapidly approach the end of 2016, many Stokvel customers will start making plans to withdraw money from various bank branches to hand out among members, or to purchase groceries and other goods in preparation for the festive season.
South African banks have been ramping up efforts to offer compelling private banking services to cater for the unique needs of the country’s middle class population. This is according to Sipho Silinda, CEO of FNB Private Clients.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za