The number of employers inthe small and medium enterprise (SME) sector has risen by 6% year on year, according to the latest Absa SME Index. The index rose to its highest level in four years, though self-employment showed a slight decrease from the first quarter of 2013, Absa
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Banking giant Absa is at an advanced stage of planning to deploy free public Wi-Fi to all of its approximately 800 branches across South Africa. The bank will also work with parent Barclays to extend the network to its branches across the rest of Africa. The idea is to encourage
The three partners of Cash Paymaster Services were not assessed in a R10bn social grant tender process, the constitutional court heard on Tuesday. “Evidently, the state should not be in the business of awarding multibillion-rand tenders to persons who have no proven, or assessed
The constitutional court will hear arguments on Tuesday relating to the awarding of a social grant tender, which was found to be invalid by a lower court. The unsuccessful bidder, AllPay Consolidated Investment Holdings, argues the tender process was procedurally flawed and unfair, and violated
Absa has added a new channel to its Internet banking portal with Absa Online Insurance, which allows customers to purchase insurance products or maintain existing ones. Customers can apply for insurance, complete the necessary applications and secure long- or short-term insurance
Blue Label Telecoms and MasterCard plan to roll out point-of-sale (POS) devices to 22 000 small traders and rural shops in South Africa, allowing them to accept card payments for the first time. Blue Label already provides thousands of POS terminals in South Africa, which
The Payment Pebble, the mobile phone point-of-sale device developed by Thumbzup and announced in November 2012, has been delayed by regulatory hurdles, says Absa, the bank partner that will launch the product. Absa had said the product would be launched in the first half of 2013, but was unable
The cost of banking has remained unchanged in the past year, according to research by trade union Solidarity released on Tuesday. “Monthly bank costs have started to stagnate at an R80 to R100 level,” senior researcher Paul Joubert said at a presentation in Pretoria. “Bank fees are a lot better
Altron subsidiary Bytes Technology Group has landed an IT services contract with banking group Absa worth R400m. Bytes division Bytes Managed Solutions won the deal to provide services to Absa and parent Barclays across the territories in Africa where the financial services giant operates
Absa has released its transactional banking application for BlackBerry devices, but only for those phones running the older BlackBerry 5, 6 and 7 operating systems. The bank already has apps for iPhone and Android and recently launched a version for BlackBerry’s new Z10 smartphone, which is powered