The digital banks report an upswing in on-boarding new customers, as more consumers look to branchless banking channels for their financial services.
With the new facility, customers from all South African banks will be able to deposit cash directly into their bank account at any Pick n Pay till point.
Due to the uncertainty of the COVID-19 pandemic, the JSE-listed group opted to close its retail division that operated inside Edcon stores.
This instrument, which is said to be the first of its kind in SA, is listed on the Green Bonds segment of the local bourse, says the bank.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Mining investment firm Mineworkers Investment Company concludes a 25.1% acquisition deal in South African telco DN Invest.
The country’s smallest mobile operator will invest 16% to 19% of its revenue into its mobile business.
The funding will allow ProfitShare to partner with more small and medium businesses to provide much-needed capital to catalyse growth.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
During the 2019/2020 financial year, BCX achieved 113% spend from B-BBEE compliant entities, says says Mandisa Ntloko-Petersen, CMO at BCX.
The template was designed to help enterprises draft interim financial statements in line with the IAS 34 standard.
While it’s not business as usual for tech start-ups, the coronavirus pandemic has presented a contrast of both opportunities and drawbacks.
A new report by Future Market Insights says blockchain-based supply chain management is the primary use case in the global market.
The grim reality of the COVID-19 pandemic drives digital banking adoption, as South African banks witness rapid uptake of online services.