Latest News & Developments
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Going away for the long weekend? Using the new toll payment solution reduces fraud by over 90%
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.
Once an economic mainstay, mining output slumps dramatically in February
South Africa's mining output, once a cornerstone of the economy, has seen a staggering 9. 6% year-on-year decline in February.
How South Africa's banks are driving socio-economic change through sustainable investments
South Africa's leading banks are investing in affordable housing, youth employment, and green financing.
How FNB’s eBucks is powering Pick n Pay’s retail comeback
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: Rugby’s hottest brand on and off the field
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.
How the Springboks' jersey sponsorship deals stack up against Kaizer Chiefs, Orlando Pirates
Discover how the Springboks' jersey sponsorship deals have skyrocketed in value, surpassing the R200 million mark.
Renewed hope for Springboks Women as FNB becomes primary sponsor of SA Rugby teams
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.
New FNB's eBucks partnership offers greater savings at Pick n Pay
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
SA's big banks post modest 5. 9% earnings in 2024 amid economic headwinds - PwC
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
Building index shows mixed sentiment and some hope among South African builders
While the building sector shows signs of optimism, challenges persist as municipal inefficiencies and declining residential investment weigh on builders' confidence
Ithala’s Betrayal | The Systematic Erasure of Black Banks in South Africa
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.
Banks' Relentless Exclusion: The Covid-19 Loan Scheme That Was Never Meant for Black South Africans
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.
‘FNB let me down’: Woman demands answers after boyfriend 'Prince Jomo Kenyatta' vanished with her R2 million pension
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.
Black Exclusion, White Power: South Africa’s Banks Refuse to Transform
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.
Disappointment for elderly pensioners as Ithala bank struggles with cash withdrawals
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.
Banking sector comes under Parliamentary scrutiny over transparency
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 reeks of desperation and politics, says Van Rooyen
Ithala Bank's Liquidation Sparks Parliamentary Debate Over Political Motives and Impact on 65,000 Grant Recipients.
‘Is BASA colluding with SA banks,’ asks MKP in Parliament
MK Party voices concerns over alleged collusion between BASA and South African banks.
SA banks face Parliamentary grilling over collusion, anti-competitive practices and racial bias
Will South Africa's Major Banks Be Held Accountable for Allegations of Collusion and Racial Discrimination?
R60 billion class action case soon in court
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.
R60 billion class action case soon in court
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 questions FNB’s data practices amid Ithala Bank concerns
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
The double standards of reputational risk in SA banking
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
How Banks Are Weaponising Financial Power to Undermine Democracy
Parliament must act decisively to safeguard democracy by curbing the unchecked influence of banks.
Sustainable financial habits to help you achieve your goals in 2025
Kick-starting the year with a strong financial future in mind.