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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.

Business
Nicola Mawson|Published

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.

Business
Nicola Mawson|Published

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

Business Report Companies
Philippa Larkin|Published

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.

News Opinion
Opinion|Published

Watch VideoStellies 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.

Sport Soccer PSL
Mihlali Baleka|Published

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.

News Opinion
Opinion|Published

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.

News Opinion
Opinion|Published

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.

Business Report Economy
Philippa Larkin|Published

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.

Business Report Economy
Banele Ginindza|Published

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.

News Politics
Mayibongwe Maqhina|Published

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?

News Politics
Robin-Lee Francke|Published

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.

News Crime and Courts
Sinenhlanhla Masilela|Published

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.

Sport
Herman Gibbs|Published

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.

The Star Sport
Malibongwe|Published

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.

Sport
Malibongwe|Published

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.

Pretoria News News
Zelda Venter|Published

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.

News Crime and Courts
Zelda Venter|Published

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

Sunday Independent Analysis
Sizwe Dlamini|Published

How Banks Are Weaponising Financial Power to Undermine Democracy

Parliament must act decisively to safeguard democracy by curbing the unchecked influence of banks.

News Opinion
Published

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.

News Opinion
Opinion|Published

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.

Business Report Economy
Ashley Lechman|Published

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.

Sunday Independent Analysis
Opinion|Published

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.

Opinion Letters
Letter to the Editor|Published

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.

News Opinion
Opinion|Published

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.

Cape Argus News
Zelda Venter|Updated