Latest News & Developments
banking regulations
Editor's Note: Cabinet must reform the COFI Bill to protect the right to bank
The COFI Bill presents a crucial opportunity to safeguard against arbitrary bank account closures in South Africa, but without necessary reforms, economic stability and fairness are at stake.
Ithala CEO explains ongoing operations amidst court cases
Ithala SOC Limited’s CEO Dr Thulani Vilakazi, addresses the bank’s ongoing operations and client engagement following a recent court ruling.
Court ruling revives Ithala Bank operations, bringing relief to employees and clients
This ruling comes as Ithala, which has more than 200000 active clients, appeals an ongoing liquidation application brought by the PA, which led to the freezing of all bank accounts, earlier this year.
Resistance against impunity movement condemns SA banks for discriminatory practices that harm black businesses
RAIM's strong condemnation of South African banks reveals a troubling trend of account closures targeting Black individuals and businesses.
Resistance Against Impunity Movement condemns South African banks for discriminatory practices that harm Black businesses
RAIM's strong condemnation of South African banks reveals a troubling trend of account closures targeting Black individuals and businesses.
The impact of the US shift on reputational risk in South Africa's banking system
Could the US's new approach to reputational risk in banking lead to a fairer system in South Africa? Explore how these changes might reshape the landscape for banks and clients alike