Latest News & Developments
nedbank
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 South African banks are navigating consumer confidence challenges and credit demand
Despite an improved economic environment in 2024, South Africa's major banks face challenges, including squeezed margins and declining consumer confidence.
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
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.
Stellies edging closer to where they want to be
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.
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.
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.
Nedbank's new chapter: targeting SA’s mid-corporate sector for growth
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.
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.
Banking Sector under Parliamentary microscope over racist business practices, lack of transformation
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.
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?
Hawks and AFU seize 77 vehicles and properties linked to suspects in R157 million Nedbank fraud
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.
Chiefs’ worst fears - not another Milford!
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 rise amidst Royal AM’s struggles
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 coach Dladla reveals plans to rest regular players in the Nedbank Cup
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.
Homeowner wins legal battle against Nedbank over property sale
After a lengthy legal struggle, a homeowner successfully overturns a default judgment against him, reclaiming his property from Nedbank following incorrect calculations.
Homeowner wins legal battle against Nedbank over property sale
After a lengthy legal struggle, a homeowner successfully overturns a default judgment against him, reclaiming his property from Nedbank following incorrect calculations.
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.
Competition Commission finds Nedbank and other banks guilty of collusion
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.
Team SA ready to showcase nation's potential at WEF in Davos
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.
The Banking Mafia – Conflict of Interest, Account Closures, and the Need for Reform
Edmond Phiri explores how South Africa's major banks operate with unchecked power, mirroring mafia tactics, and why reform is urgently needed.
Karyn Maughan is not a Journalist, but a Propagandist!
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.
Karyn Maughan Continues Her Nazi-Propaganda-Style Reporting against Sekunjalo
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.
Sekunjalo vows to continue to fight for justice against Nedbank
Although the Competition Tribunal ruled against Sekunjalo in an interim application, the group said it still has a case to answer.