09/25/2025
For the full year, the lender shrank its loss to 68 million rand and plans to leverage its existing 1.2 million clients and the 1,000 new customers it nets daily to power earnings over the next four years.
09/25/2025
For more than 50 years, BankservAfrica played an important role in South Africa’s financial system, facilitating electronic card and cash payments.
09/25/2025
South Africa represents a key growth market for Revolut, underpinned by its diversified economy, increasing digital adoption, and growing appetite for innovative financial services, the fintech said in a statement.
09/24/2025
The bank said that it achieved this impressive increase in interest income through strategic repricing of risk assets and effective treasury management.
09/23/2025
The lender unveiled a raft of new products this year, including revolving credit facilities, and grew its personal and home-loan businesses, which boosted loans by 39% in the year to June.
09/19/2025
Under the agreement, Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative.
09/15/2025
He dedicated the award to the staff, customers, and stakeholders of the bank.
09/15/2025
The partnership introduces real-time, account-to-account payments to cross-border e-commerce through South Africa's leading digital bank
09/12/2025
International banks pulling back from Africa leave space for local groups like FirstRand to expand.
09/12/2025
Independent analyst Carmen Mpelwane unpacks FirstRand and Discovery results – one the market loved, the other it hated.
09/11/2025
Thousands of companies were assessed, with only one thousand making the final list.
09/09/2025
UBA said the extension was designed to provide shareholders with additional time to fully exercise their rights and participate in the rights issue,” which involves 3.16 billion ordinary shares of 50 kobo each priced at N50 per share.
09/08/2025
This marks the first time the B20 process has been hosted on African soil, and places South Africa at the centre of global dialogue on inclusive growth and sustainable development.
09/08/2025
The move marks the lender’s most ambitious cross-border push in more than a decade and reflects growing competition among Nigeria’s largest banks to capture market share in Francophone Africa
09/04/2025
Jason Quinn, group CEO of Nedbank, explains that the move aligns with the group's effort to "optimise its capital allocation and focus on core growth areas".
09/04/2025
Total liabilities increased to 83.6 billion meticais (1.3 billion dollars)
09/04/2025
While South Africa contributes only six banks to the list of the top 100 in the Southern Africa region, they’ve dominated regional banking for years.
09/03/2025
By reorganising through a Pan-African purview, Absa will be streamlining its operations, simplifying organisational designs and structures, and leveraging data and technology better to deliver enhanced value to customers.
09/03/2025
Its core Supermarkets RSA segment saw Shoprite and Usave’s turnover increase by 5.9%, equating to sales growth of R6.5 billion from a substantial base of R110.1 billion.
09/02/2025
Last week, Capitec's market capitalisation reached R424 billion, overtaking FirstRand as Africa’s most valued bank.