Digitisation, COVID-19 prompt reduced headcount at Absa
The bank reduces its total number of employees by 1 200 and institutes a hiring freeze, citing COVID-19 ramifications, combined with its digital strategy implementation.
Standard Bank Instant Money can now be collected in spaza shops
The bank expands its retail partner footprint for its Instant Money offering, so that it can bring this service to more South Africans, safely and securely.
Capitec clients can buy SA, US stocks from banking app
The EasyEquities feature allows rands to be converted to dollars within the platform and then used for the purchase of US shares.
Crypto exchange AltCoinTrader drags ‘bullying’ Absa to court
The local crypto-currency exchange takes the big four bank to court for allegedly putting pressure on Zapper to close the exchange’s account.
FNB’s digital platforms show resilience amid COVID-19
The bank’s app volumes went up 28%, the eWallet transacting base was up 39%, while the eBucks earn value rose 9% to R2.2 billion.
FNB touts renewable energy as solution to Eskom woes
With SA’s ongoing electricity challenges, the long-term benefits of implementing alternatives such as solar certainly outweigh the costs, says the bank.
SA banks scramble to quell Experian hack aftermath
Local banks activate risk-mitigation measures following the hacking of credit bureau Experian, which left the personal details of millions of South Africans exposed.
SA banks race to transition to marketplace banking
Banks are aggressively remodelling into marketplace banking, offering customers an ecosystem of aggregated products beyond the financial scope.