Latest News & Developments
Underlying this momentum is a wealth of resources, a burgeoning digital economy, a youthful demographic, and the promise of economic integration fostered by initiatives.
The timing of this new rewards programme is particularly poignant, as South African households face mounting financial pressures.
Retail sales, overall, contribute 20% to the economy, with the wholesale and retail sectors, specifically, being estimated to be the fourth-largest contributors to the country's GDP.
South Africa's leading banks are investing in affordable housing, youth employment, and green financing.
Limpopo-born musician Muneyi shines among the six recipients of the prestigious 2025 Standard Bank Young Artist Awards, celebrating creativity and cultural heritage.
Despite an improved economic environment in 2024, South Africa's major banks face challenges, including squeezed margins and declining consumer confidence.
Sim Tshabalala has been appointed as interim Chief Executive of The Standard Bank of South Africa Limited, following Kenny Fihla's resignation.
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
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.
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
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.
Standard Bank Group announces the unexpected resignation of Deputy CEO Kenny Fihla after 18 years of service. Under his leadership, the Corporate & Investment Banking division doubled its headline earnings to R20. 5 billion. The bank confirms immediate garden leave as succession plans are put in motion
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
Discover how Finance Minister Enoch Godongwana's Budget Speech impacts your finances, from VAT increases to social grants.
The man argued that the clients didn't belong to Standard Bank as he had sourced clients during his employment and also brought clients with him prior to his employment.
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).
“I don’t know who opened the account with TymeBank as it was not me and not any member of my family,” said Jairaj Sathdav.
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.
New property investment trends are growing in South Africa as investors are tapping into the growing demand for coastal homes to build wealth. According to data from Standard Bank, one in eight mortgage applications nationally over the past year were for buy-to-let properties. Western Cape is leading the pack in property investmentThe Western Cape has come out at the forefront as the leading hotspot for property investors, with 31% of new home loan applications in the province linked to buy-to-let. . .
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?