Latest News & Developments
Are South African banks using reputational risk as a shield for corruption? Sipho Tshabalala exposes the unsettling truth behind the financial institutions that dictate who gets access to the economy.
There is a disturbing trend of arbitrary bank account closures affecting politicians worldwide, from Melania Trump to Julius Malema, says the writer.
Capitec is making banking even simpler and more affordable in 2025 with a groundbreaking new fee structure.
A 41-year-old East London man, Thobani Mabizela, has been convicted of fraud after masterminding a scheme that cost banks over R4. 6 million. The Hawks' investigation revealed he created fake financial documents to secure vehicle loans that were never repaid.
In post-apartheid South Africa, the fight for economic equality is under siege as banks like Nedbank wield reputational risk as a weapon against the black community.
Absa Group's 2024 integrated report reveals a tumultuous leadership shuffle that has raised eyebrows, as interim CEO Charles Russon's pay surged to R35. 47 million amidst a backdrop of reputational challenges and a shifting African banking landscape.
Is South Africa witnessing a silent coup where banks dictate who thrives and who suffers? Explore the alarming trend of financial institutions wielding power over lives and businesses.
Discover how the remuneration of Standard Bank's top executives has changed in 2024, with insights into performance metrics and the impact of shareholder feedback on remuneration policies
In a surprise move, Capitec Bank Holdings has appointed Graham Lee as its new CEO to succeed Gerrie Fourie, who retires in July 2025 after 25 years with the bank. Under Fourie's leadership, Capitec transformed from a challenger bank with 5 million clients to South Africa's leading digital financial services provider serving over 24 million. Lee brings extensive international experience across five countries and expertise in investment banking, financial technology, and microfinance to help chart the bank's future course
Discovery Bank has launched a suite of innovative AI-powered tools and security features, aiming to disrupt South Africa's traditional banking giants. With over 2. 5 million accounts, how will this newcomer reshape the banking landscape?"
Navigating the maze of funding options? Discover the best choices for your small business and learn how to secure the capital you need to thrive.
The US Banking Committee has moved to eliminate 'reputational risk' as a reason for account closures, challenging a practice South African banks have long used to justify debanking cryptocurrency businesses and politically exposed individuals.
Discover how Vault22 is reshaping financial accessibility in South Africa with its groundbreaking Capitec integration and innovative Wealth platform.
The Financial Sector Conduct Authority's latest review exposes significant shortcomings in South African banks' complaint management systems, highlighting issues in categorisation, record-keeping, and customer communication. The report emphasises the need for urgent improvements to protect consumer interests
South Africa's banking sector experiences a shake-up with Kenny Fihla's unexpected resignation from Standard Bank and his appointment as Absa CEO.
Kenny Fihla's appointment as Absa's new CEO aims to fill a leadership void and enhance market sentiment, following his sudden resignation from Standard Bank
Kenny Fihla, former Deputy CEO of Standard Bank, is set to lead Absa Bank as CEO, a strategic decision praised by Mergence Investment Managers' Radebe Sipamla for its transformative potential.
Discover how South Africa's financial system perpetuates racial inequality, as the uMkhonto weSizwe Party exposes the colonial roots of the banking sector and its impact on black entrepreneurs.
Kenny Fihla transitions from Standard Bank to lead Absa as CEO, promising to drive impactful strategies across Africa. His extensive banking experience positions him to enhance Absa's growth and client value.
Kenny Fihla, Standard Bank's Deputy Chief Executive, resigns after 18 impactful years. Explore the legacy left by this banking leader and what the future holds for the Group.
Standard Bank Group's CEO Sim Tshabalala outlines how the bank wants to be part of the mobilisation of finance for energy and infrastructure projects in Africa, highlighting the bank's role in sustainable finance and the challenges of energy access
The Bank Cost Report for 2025 by Solidarity Research Institute has unveiled a comprehensive analysis of the most affordable bank accounts.
The Umkhonto Wesizwe Party on Monday held a protest against the South African Reserve Bank's Prudential Authority, urging protection for Ithala Bank amid liquidation threats.
In a bold legal move, the Trump Organisation accuses Capital One of politically motivated account closures, claiming significant financial harm. What does this mean for the future of banking and political affiliations?"
For decades, South African homeowners have been victims of a monumental deception by banks. Discover how financial institutions have manipulated trust and exploited borrowers under the guise of lending.