SARB to shut down South African bank
The South African Reserve Bank (SARB) has applied for the liquidation of Ditsobotla Primary Savings and Credit Co-operative Bank Limited (DCB) at the High Court.
Finance
Trouble for South Africans earning more than R40,000 a month
New salary data from BankservAfrica shows that fewer salaries are being paid over R40,000 a month, pointing to increased job losses among higher earners in South Africa.
Read MoreStandard Bank’s crown jewel shooting the lights out
Standard Bank’s prestigious Corporate and Investment Banking (CIB) division continues to grow strongly and now contributes over half of the group’s headline earnings.
Read MoreNedbank buying one of South Africa’s fast-growing companies for R1.65 billion
Nedbank is spending roughly R1.65 billion in cash to acquire iKhokha, the maker of card machines in South Africa.
Read MoreNinety One's infrastructure credit fund hits R2bn, boosting South Africa's growth path
Launched to address South Africa’s critical infrastructure funding gap, Ninety One's SA Infrastructure Credit Fund has since grown to R2bn in assets under management.
Read MoreSouth African investors looking offshore
For the first time, foreign portfolios registered in South Africa have crossed the R1 trillion assets under management threshold.
Read More7 Ways Gen Z is Living The Soft Life, and what it costs
From fresh flowers to a perfect croissant, the Gen Z low-effort luxe aesthetic about regular, affordable indulgences instead of once-a-year splurges.
Read MoreAbsa clients can earn up to 60% cash back on their Checkers and Sixty60 shopping
Absa and Shoprite have teamed up in a new partnership that will allow the bank’s customers and members of its rewards programme to earn cash back when shopping at the retailer’s stores.
Read MoreCapitec’s new era begins with a bang
Despite implementing a reduced and simplified fee structure in the first half of its 2026 financial year, Capitec grew its transaction income and earnings over this period.
Read MoreThe new bank taking over South Africa
Retail group Pick n Pay has announced that it now offers its bank at till services for all major banks in South Africa, with a ‘branch’ network extending to 1,400 stores.
Read MoreGreat news for Standard Bank customers in South Africa
Home Affairs Minister Leon Schreiber has announced that Standard Bank has joined FNB and Capitec in the department’s next Smart ID and passport rollout in South Africa.
Read MoreBig problem for South Africans who order takeaways
Standard Bank has warned that South Africans are overspending on takeaways and fast food, with many burning through cash and having no emergency savings.
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