09/14/2026
Warning to South Africans getting their pension from outside sources
Banks typically don’t charge visible fees; instead, they incorporate their margins into the exchange rate, creating a hidden cost known as the spread.
Regulation,Tax & Compliance
09/14/2026
Capitec hit with R28 million in fines for five different financial-crime compliance failures
The PA found that Capitec failed to conduct adequate due diligence on sampled client files, as required under section 21 of the FIC Act.
09/14/2026
We must avoid return to grey list — Deputy Governor
The task force had previously warned that the loss of correspondent banking relationships can hinder trade, increase financial exclusion and push transactions towards informal channels.
09/14/2026
World Bank Suspends ACS for 29 Months Over Terra Segura Fraud
According to a World Bank statement, ACS secured two contracts under the project as part of a joint venture.
09/11/2026
South African lender FirstRand forecasts high single-digit growth in net interest income
FirstRand said its provision for the motor commission issue stood at £807 million ($1.09 billion), accounting for the regulator’s final decision in March.
09/11/2026
Strict BEE laws in South Africa declared invalid and set aside
The new rules faced immediate backlash from the property sector
09/10/2026
Reserve Bank says South Africa is ready for shocks
South Africa formally lowered its inflation target to 3% in November, with a 1-percentage-point tolerance band, replacing the 3% to 6% range that had been in place for 25 years.
09/10/2026
African Development Bank Group and African Forum of Deposit Funds Enter into New Alliance to Mobilize More Long-Term Financing
The two partners are joining forces in Cotonou to boost productive investment and strengthen economic resilience across Africa.
09/10/2026
CBN reforms drive stronger IMTO FX inflow
According to the CBN’s latest Quarterly Statistical Bulletin (QSB), foreign exchange (FX) inflows into Nigeria through International Money Transfer Operators (IMTOs) declined by 8% q/q to USD1.3bn in Q1 ’26. The sequential contraction reflects
09/09/2026
Benefits of Nigeria’s economic stability coming to Nigerians soon — CBN
The CBN Governor, Olayemi Cardoso, gave the assurance on Tuesday at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria in Abuja.
09/08/2026
Mozambique Launches US$128M ‘Jobs Now’ Programme to Tackle Unemployment
The new programme is designed to operate in coordination with existing public instruments, including the Catalytic Fund, Emprega, ProJovem, Promulher, and Acredita Emprega.
09/08/2026
South Africa’s middle class is turning to a last resort
When the two-pot retirement system was introduced, many had assumed that withdrawals would be evenly distributed across all income groups, Portrag said.
09/08/2026
African Development Bank Group launches up to USD 5.1 billion response plan to offset energy and fertilizer shocks in African countries
The Bank’s new Global Energy and Fertilizer Crisis Response Framework gives us a way to respond to the pressures African farmers are facing as the conflict in the Middle East disrupts global trade
09/07/2026
Alarm bells for anyone with banking apps on their phones in South Africa
The average loss per incident was R21,865 last year, compared with R19,095 in 2024 and R20,649 in 2023.
09/03/2026
Nedbank gets approval for R13.9 billion acquisition
This approval removes another obstacle in the South African bank’s expansion into East Africa and brings Nedbank closer to finalising the R13.9 billion transaction.
09/02/2026
Nedbank gets CBK approval to acquire 66pc stake in NCBA
NCBA was formed in 2019 following the merger of NIC Group and Commercial Bank of Africa.
09/02/2026
Ghanaian Bank Credit Profiles Improve on Stronger Operating Environment
The Positive Outlook reflects Fitch’s expectation of continued fiscal prudence and further building of external buffers.
09/01/2026
State Payment Delays Leave Private Sector With €1.17bn Debt
At the meeting, Massingue warned that excessive payment delays are forcing contractors to absorb additional financial costs, compromising contract execution and, in some cases, threatening the very survival of their businesses.
08/28/2026
BoG deploys AI to improve inflation forecasting and economic data gathering – First Deputy Governor
He said the tools are helping the Bank improve its forecasts and provide better information for monetary policy decisions.
08/28/2026
The dangers of over-regulating crypto
Proposed new exchange-control rules could cripple South Africa’s crypto industry, undermine self-custody and push transactions offshore, warns MoneyBadger CEO Carel van Wyk.