B2B Central

Banking

09 May 2018

Questions to ask about an overdraft facility

By Janice Roberts

If you are considering applying for an overdraft, but aren’t really sure how it works, there are important questions you should ask your bank, to ensure you are making the right decision. Ryan Prozesky, FNB Consumer Core Banking CEO, says an overdraft is an important credit facility to help you manage your personal cash flow...
07 May 2018

How to optimise benefits from your rewards programme

By Janice Roberts

By Sonja Fourie, Head of Absa Rewards and VAS. We love our loyalty programmes in South Africa. Seventy-nine percent of us use loyalty programmes – and have even upped our usage over the past year. Nearly two-thirds of us belong to between two and five programmes, making us the most loyalty-programme-mad nation in the world...
07 May 2018

FNB launches South Africa’s first biometric mini-ATM

By Janice Roberts

FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers.
21 Apr 2018

Old Mutual Limited expected to list on the JSE  on 26 June 2018

By Janice Roberts

Old Mutual Limited has made public its pre-listing statement, an important step towards its launch as an independently listed, leading financial services group.  It is expected that listing will take place on 26 June 2018 following receipt of the requisite approvals, including approval by the Old Mutual plc shareholders. Peter Moyo, OML CEO says, “We...
18 Apr 2018

FNB unveils a mobile bank account for unbanked, underbanked consumers

By Janice Roberts

Today, First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone to open a bank account without ever walking into a branch. eWallet eXtra will have no monthly fees and consumers are not required to...
17 Apr 2018

Sasfin and Saxo Capital Markets SA (SCMSA) management acquire SCMSA from Saxo Bank

By Janice Roberts

Sasfin and Saxo Capital Markets SA (SCMSA) management have acquired SCMSA from Saxo Bank, subject to certain precedent conditions. This is a landmark transaction for all parties concerned and for Sasfin in particular, as it continues in its quest to become a meaningful player in the global fintech space through partnerships with other meaningful APIs....
10 Apr 2018

Ratsoma appointed DG of BRICS NDB ARC

By Janice Roberts

National Treasury’s Deputy Director-General (DDG) for Economic Policy, Mr Monale Ratsoma, has been appointed the Director-General of the BRICS New Development Bank (NDB) Africa Regional Centre(ARC). The Treasury says in a statement that the appointment is effective from 16 April 2018. MrRatsoma’s role will be managing the bank’s African regional operations and leading the bank’sAfrican...
09 Apr 2018

Sasfin launches B\\YOND - the digital banking future for business

By Janice Roberts

Sasfin recently launched B\\YOND, a digital banking platform built to enable entrepreneurs to grow their businesses. Having financed and supported small business for 50 years, Sasfin understands the pain-points and pressures that small business faces in South Africa. Failed small businesses so often tend to either neglect or become completely consumed by their finances and...
12 Mar 2018

VBS Mutual Bank placed under curatorship

By Janice Roberts

Yesterday morning, City Press revealed that VBS Mutual Bank faced the possibility of a spectacular crash, following Treasury’s instruction to municipalities to stop investing with the institution. “The order was given early last year and states that the Municipal Finance Management Act forbids municipalities from investing in mutual banks. As a result, a number of councils...
09 Mar 2018

SA’s major banks post solid financial results amid economic uncertainty

By Janice Roberts

SA’s major banks produced a solid set of financial results for the reporting period ended 31 December 2017, despite an operating environment marked by intense levels of policy and economic uncertainty.
07 Mar 2018

Banking customers’ expectations higher than ever before – SAcsi 2017 Survey

By Janice Roberts

The latest South African Customer Satisfaction Index (SAcsi) for Banking, conducted by Consulta in Q4 2017, reveals that Capitec continues to lead with the most satisfied customers.
07 Mar 2018

Understanding your credit for major life events

By Janice Roberts

The first months of the year bring both the promise of new beginnings and the potential for self-improvement. This time of the year is also the perfect time to take control of your finances by setting tangible and realistic financial goals.