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A component failure left Standard Bank clients stranded without access to ATMs or card services for six hours at the weekend. South Africa’s biggest bank called a meeting with journalists yesterday in an attempt to save face after its systems went down at the weekend in an epic six-hour crash...
‘If you had to ask me to give one word of advice to all investors, it would be diversification....The worst thing that a tiny investor could do is put all their savings into just one counter’: Dr Michael Jordaan, former FNB CEO.
Capitec Bank posted stellar results for the year to February 2022, with an 84% growth in group headline earnings to R8.4-billion representing a compound annual growth rate of 23% since 2012.
As new digital banks disrupt a rapidly shrinking market, the more traditional banks are turning to the lifestyle market to increase their value proposition and claw back market share.
A joint report from BPC Banking Technology and Fincog estimates that 21 digital banks were active in Africa in 2021, with 80% of them concentrated in