Mail & Guardian
Mail & Guardian
banking association of south africalatest news & developments
Chief Justice Raymond Zondo hands over the last part of his report to President Cyril Ramaphosa. Photo: Ntswe Mokoena

Why state capture could see SA greylisted

The Gupta era exposed the flaws in the country’s anti-money laundering framework and now the government is dealing with the consequences

(John McCann/M&G)

No more cash for coal FirstRand says

The bank’s chief risk officer says banks can’t stand on the sidelines of the climate crisis debate

Small business owners closing shop and feeling the financial squeeze

The hopes and dreams of many entrepreneurs have been dashed. We track some of the owners of SMMEs, who talk of losing everything they worked for

Moody’s rating agency

Moody’s axe likely to fall on ordinary South Africans

The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27

Lifesaver: Dineo Skosana, owner of the Sandwich Baron in Hatfield, Pretoria, took a loan from Fundrr after her business had a few bad months and large financial institutions turned her down. (Oupa Nkosi/M&G)

Fintech fills the funding gap

New companies are plugging the funding gap for small businesses, especially in townships

Business organisations and economists alike have welcomed Mboweni’s appointment. (Reuters)

Tito’s back in town

Mboweni, a former reserve bank governor and labour minister, was sworn in as finance minister on Tuesday

Commenting on the calibre of a possible Nene replacement, Mike Brown said it would be important to find someone who “acts with honesty and integrity”. (Delwyn Verasamy/M&G)

Basa: Nene fears worsening ‘jittery’ markets

It was​ reported earlier on Monday that Nene had asked President Cyril Ramaphosa to relieve him of his duties

Business Unity South Africa chief executive Cas Coovadia

BASA says members willing to help out stressed parastatals

Banking Association of South Africa says its members are willing to help out SOEs such as Eskom and Transnet with "expertise and resources"

(Graphic: John McCann/M&G)

EFF offering a solution to the dominance of banking’s Big Five

Many argue such banks will allow the unbanked entry and offer appropriate banking products and services, including to small and medium enterprises

Last year NTEU expressed concern over the effect that years of protests are having on staff and students at institutions of higher learning.

Student loan plan shot down

The state is too heavily indebted to back the advances and the role of Sars is problematic

‘The Sars commission has deviated from its originally intended purpose,’ says Jacob Zuma in his papers. (Delwyn Verasamy/ M&G)

President Jacob Zuma sends money-laundering bill back to parliament

The proposed Bill would have increased scrutiny of the bank accounts of "prominent individuals", including himself.

Shoprite Holdings

South African business to close for Mandela’s funeral

Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.

With annual interest rates of as much as 60%, unsecured loan customers are struggling to repay as increasing fuel and power prices pushed inflation to a four-year high in August. (David Harrison, M&G)

No interest in ‘poor man’s account’

Low-cost Mzansi accounts are losing ground to bank-branded products that are cheaper and more appropriate for low-income customers.

Wake-up call for banking sector

It is generally accepted that South African banks are well capitalised in terms of the Basel III requirements, which have to be phased in from 2013.

‘Sinking into debt? Act now!’

A timely pamphlet on debt targets credit customers.

In debt? Help is at hand

A national consumer awareness campaign shows consumers how to negotiate with their credit providers.

All eyes on Gordhan ahead of budget speech

The government should maintain taxation at current levels, the Banking Association of SA said on Tuesday as it presented its pre-budget wish list.

‘Great progress’ in transforming financial sector

Progress has been made in transforming the financial sector, the Banking Association of South Africa said on Wednesday.

A ‘patchy’ report card

Lynley Donnelly assesses the financial sector’s delivery in relation to the charter.

Banks ‘sabotaging’ Financial Sector Charter

Banks are sabotaging the over broad-based black economic empowerment standards, the charter council says.