Latest News & Developments
Discover how FNB's innovative online toll solution is combating fraud and enhancing convenience for South African motorists, with a significant reduction in card-related fraud since its launch.
South Africa's mining output, once a cornerstone of the economy, has seen a staggering 9. 6% year-on-year decline in February.
South Africa's leading banks are investing in affordable housing, youth employment, and green financing.
Pick n Pay's partnership with FNB's eBucks programme has exceeded expectations, with 90% of increased spending coming from customers who previously spent less than 20% at the retailer.
The Springboks have transformed into a powerful brand, attracting major sponsorships from companies like FNB, Pick n Pay, Coca-Cola, and Monster Energy. This article explores how SA Rugby’s brand value has skyrocketed since 2016, with insights into the mutual benefits of these partnerships.
Discover how the Springboks' jersey sponsorship deals have skyrocketed in value, surpassing the R200 million mark.
FNB has expanded its partnership with SA Rugby, becoming the principal sponsor of all national teams, including the Springbok Women’s rugby team, marking a significant step towards elevating women's rugby in South Africa.
Pick n Pay is set to enhance customer benefits through its partnership with FNB's eBucks programme, expanding eligibility from 1. 4 million to 6. 4 million customers starting April 1
South Africa's major banks demonstrated resilience in 2024, posting a 5. 9% increase in combined headline earnings to R119 billion, despite challenging economic conditions. The Big Four banks maintained strong capital positions and saw improvements in credit loss ratios, while advancing their digital transformation initiatives
While the building sector shows signs of optimism, challenges persist as municipal inefficiencies and declining residential investment weigh on builders' confidence
Ithala's destruction is not an isolated incident; it is a clear indication of what happens when black economic initiatives dare to disrupt the status quo, writes Sipho Tshabalala.
OPINION: The banks must be forced to serve all South Africans, not just the privileged few. The fight for economic freedom is not over, writes Sipho Tshabalala.
Speaking to IOL, Keneilwe (not her real name but her full details have been given to FNB) said when she resigned after working as a professional nurse for more than three decades, she hoped that she would invest some of her money into a transport business.
The banking sector is not a friend of the people. It has never been. It exists to serve itself, to protect the old order, and to ensure that economic power remains exactly where it has always been.
Its clients came from all walks of life, including small business owners, young families, farmers, and elderly people who had relied on Ithala to help secure their future.
The Financial Sector Conduct Authority is set to release a critical report highlighting concerns over banking fees transparency and customer ethics in South Africa. The announcement comes amid parliamentary scrutiny of major banks regarding transformation and account closure practices.
Ithala Bank's Liquidation Sparks Parliamentary Debate Over Political Motives and Impact on 65,000 Grant Recipients.
MK Party voices concerns over alleged collusion between BASA and South African banks.
Will South Africa's Major Banks Be Held Accountable for Allegations of Collusion and Racial Discrimination?
The case was lodged in 2020 and there were many delays, but it is now hoped that the court will within the next few months decide on whether or not to certify this as a class action. Shaw said he honestly believed that unreasonable damage had been done by the banks to these people.
The case was lodged in 2020 and there were many delays, but it is now hoped that the court will within the next few months decide on whether or not to certify this as a class action. Shaw said he honestly believed that unreasonable damage had been done by the banks to these people.
MK Party expresses serious concerns over FNB's alleged use of client data from Ithala Bank, raising ethical questions in South Africa's banking sector
Explore the inconsistencies in how South African banks manage reputational risk, as highlighted by the Sekunjalo Group’s case, and question whether bias influences their decision-making
Parliament must act decisively to safeguard democracy by curbing the unchecked influence of banks.
Kick-starting the year with a strong financial future in mind.