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Bank Zero adds deposit insurance offering

The digital bank introduces the Reserve Bank’s deposit insurance scheme to protect customers’ deposits of up to R100 000.

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FSCA fires warning shots at unlicensed crypto operators

The financial regulator warns that crypto operators that did not submit operating licence applications will face the full might of the law.

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Absa launches ChatWallet for mobile banking via WhatsApp

The bank’s ChatWallet provides a range of services, from receiving money to making payments and even withdrawing cash via WhatsApp

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Mastercard takes 14 interns for YES initiative

The company increases its commitment to the programme by taking in 14 interns this year, a rise from the previous year's intake of 12.

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Postbank's IT systems overhaul nears completion

The IT infrastructure modernisation reaches the 70% completion mark, as it looks to iron out legacy IT issues and vulnerabilities.

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Latest Altron FinTech Household Resilience Index confirms that most South Africans are in a tough financial position

The start of 2024 will likely be challenging for retailers, with households under severe strain, says Altron FinTech.

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S. Africa Business Mood Slips as Car Dealer Sentiment Sours

(Bloomberg) -- South African business sentiment unexpectedly fell in the fourth quarter as subdued demand sent new-vehicle dealers’ confidence to the lowest level since the coronavirus pandemic.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnOpenAI in ‘Inten

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South African Bonds Generate Some of the Best Returns in Emerging Markets

(Bloomberg) -- After months of under-performance, South Africa’s local-currency bonds are generating some of the highest returns among emerging-market nations in a relief rally that’s set to continue into year-end.Most Read from BloombergIceland Girds for Volcanic Eruption That Could Wipe Out TownChina Weighs Ending Freeze on Boeing With 737 Max Deal in USBiden Has Wiped Away $127 Billion in Student Loan DebtXi Jinping’s ‘Old Friends’ From Iowa Get a Dinner InvitationAn Opioid-Like Drink Is Masq

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Accommodative SARB monetary policy won't address growth, unemployment: Ramaphosa

The president in his final question-and-answer session for 2023 on Thursday, said the South African Reserve Bank considers several factors when it decides to increase interest rates to quell inflation.

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African Bank Buys Sasfin Bank's Units to Scale Ahead of IPO

(Bloomberg) -- African Bank Holdings Ltd. agreed to buy two units from a South African financial services company to bolster its lending business before a proposed initial share sale in 2025.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: UN Staff Given Evacuation Order for Northern GazaVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice ActorIsrael Latest: Army Urges Evacuation in Gaza; Mideast ProtestsScalise Ends House Speaker Bid

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