Latest News & Developments
Nafcoc is urging Minister Enoch Godongwana to assist in reclaiming African Bank Holdings, a financial institution that once served millions of black South Africans. This article explores Nafcoc's historical ties to the bank and its ongoing efforts to restore ownership amidst financial challenges.
South Africa's thriving informal economy, valued at R750 billion, is transforming townships and creating unprecedented opportunities. As BRICS partnerships evolve, a groundbreaking R3. 6 billion AfDB-Standard Bank initiative aims to revolutionise informal trade, potentially benefiting over 3 million SMMEs. Discover how this untapped economic powerhouse is reshaping South Africa's future.
At a send-off event for the six Team SA athletes at an event in Midrand, the team and its management were honoured as they prepare to travel to Turin, Italy, for the winter games which will run from March 8 to 16.
The agreement includes a R3. 6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA).
Nomzamo Mbatha is set to shine on the international runway at Milan Fashion Weeks with renowned fashion house Khosi Nkosi.
Reverend Musa Zondi, has amplified his effort to rescue Ithala Bank from impending liquidation, by appointing a technical advisory team to address myriad issues raised by the Prudential Authority (PA).
Swapo’s Uahekua Herunga rubbished assertions that the defeat of Kamala Harris in the United States does not augur well for Netumbo Nandi-Ndaitwah’s presidential hopes.
Group CEO Kennedy Bungane said: ‘This year’s performance affirms African Bank’s ability to deliver value even in a constrained environment. Our focus on diversifying revenue streams and providing innovative, customer-centric solutions positions us as a key player in South Africa’s financial sector. ’
Mmakgomo Doris Ngcobo was known to the different scammed women only as Lebo, while others know her as Linky, when they were scammed out of R2 million.
The 2024 South African Loyalty Awards has revealed the best loyalty brands in different industries, including financial services, fuel and retail.
The event spotlighted the scourge of gender-based violence (GBV) against the hearing-impaired, while heeding the hearing-community to learn Sign Language as it one of the 12 official languages.
In celebration of Deaf Awareness Month, Neema Foundation for the Deaf has launched a WhatsApp Chatbot designed to provide the Deaf community with real-time access to vital information and services such as the police, safe homes/shelters, legal representation and psychosocial support.
The fourth edition of the Empowering HER Seminar and Business Awards 2024 promises a HER-storic experience for all.
Of the complaints from clients of Capitec, 64% became formal complaints, 37% for FNB, 48% for Standard Bank, 64% for Nedbank, 79% for African Bank and 63% for TymeBank.
‘Brand upgrades are more than just a fresh coat of paint, they are a strategic investment in staying connected to our audience, adapting to market changes and reinforcing our brand’s values and promises. They signal our commitment to innovation and customer experience. ’ – Africanbank group chief marketing officer Sbusiso Kumalo.
On the 13th of May the bank unveiled its revamped logo and an empowering new campaign message, ‘Africanbank backs you’.
This is not the first time the BBC has raised the issue of the creation of a black-led and focused financial institution for the benefit of black business.
Dr Motsuenyane is survived by his wife, Joyce, his children, and grandchildren.
A number of government and business leaders have expressed their sorrow and admiration after it was announced that Dr Sam Motsuenyane had passed away on Monday.
The Dr Sam Motsuenyane Foundation said he was a tireless advocate of social justice and economic empowerment.
Being prepared for harsh economic times is an essential part of any financial plan.
Leukes’ presidency will run until the end of 2025 and will see him play an important role through advocacy in the organisation that is the custodian of the well-being of the industry supported by member firms who employ approximately 19 000 people.
African Bank acquired in November last year, and the two banks are still operating on separate banking licences.
The fledgling African Bank Group massively grew the numbers of its retail and business banking clients in the year to September 30, and remained in robust shape despite taxed profit falling to R505 million from R736m due to higher credit risk impairments.
On Sunday, Ntsindiso Mphakathi realised a lifelong dream when he sprinted to victory in the Soweto Marathon - a far cry from running to school in Toughees.