Latest News & Developments
South Africa's leading banks are investing in affordable housing, youth employment, and green financing.
Despite an improved economic environment in 2024, South Africa's major banks face challenges, including squeezed margins and declining consumer confidence.
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
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.
Coach Steve Barker is pleased with the progress of Stellenbosch in the Betway Premiership as they eye a second consecutive finish in the top three this season.
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.
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.
Nedbank introduces a mid-corporate banking division, targeting businesses with annual turnover exceeding R1 billion. The new offering aims to bridge the gap between conventional business banking and corporate investment banking, supporting approximately 3 000-4 000 key middle-market players in South Africa's economy.
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.
Standing committee on finance chairperson Joe Maswanganyi said the finance standing committee has repeatedly expressed concerns regarding the lack of urgency in addressing financial exclusion and gradual transformation within the financial sector.
Will South Africa's Major Banks Be Held Accountable for Allegations of Collusion and Racial Discrimination?
An extensive operation by the Hawks and AFU has led to the seizure of 77 vehicles and valuable properties tied to an alleged R157 million fraud scheme that shook Nedbank.
Kaizer Chiefs look to bounce back from last year’s shocking Nedbank Cup exit as they prepare to face ABC Motsepe League side Free Agents FC at FNB Stadium.
Durban City FC have embraced a pressure-free approach as they prepare for their Nedbank Cup clash, while Royal AM grapples with financial difficulties and suspended fixtures.
Durban City FC’s coach Simo Dladla announces plans to rest regular players ahead of their Nedbank Cup match against Lerumo Lions, aiming to integrate new signings and give opportunities to less experienced squad members.
After a lengthy legal struggle, a homeowner successfully overturns a default judgment against him, reclaiming his property from Nedbank following incorrect calculations.
After a lengthy legal struggle, a homeowner successfully overturns a default judgment against him, reclaiming his property from Nedbank following incorrect calculations.
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.
These banks must face real consequences—consequences that send a clear message: no one is above the law, no matter how powerful they think they are, says the writer.
South African government and business leaders prepare to present a unified message at the World Economic Forum in Davos, highlighting economic progress and successful public-private partnerships. Finance Minister Godongwana leads delegation with optimistic outlook despite recent challenges.
Edmond Phiri explores how South Africa's major banks operate with unchecked power, mirroring mafia tactics, and why reform is urgently needed.
Similar to Nazi propaganda, Karyn Maughan paints Sekunjalo as the villain while letting colossal corporate collusion slip away with a friendly pat on the back.
The core question is whether Karyn Maughan’s unwavering slant towards the banks reflects her own ideological alignment or a wholesale inability to shake off deep-seated, possibly racial biases.
Although the Competition Tribunal ruled against Sekunjalo in an interim application, the group said it still has a case to answer.