Absa has opened an entirely paperless branch at Johannesburg’s upmarket Hyde Park Corner shopping centre. The branch offers automated queuing systems to minimise the time consumers have to spend in the branch and is the model that the bank will use for all of its branches across South Africa
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News that Telkom may write down the value of its legacy network infrastructure is positive, analysts say. Not only will it bring its balance sheet “in line with reality”, but is indicative of a board of directors looking after an embattled company’s best interests, they say. On Tuesday
MTN and Absa have formed a task team to keep a “close eye” on fraud and “bring about new ways to rapidly clamp down on it”. The decision to create the team follows an urgent meeting where executives from the two companies discussed the recent spate of Sim-swap fraud cases. The special
Vendor-neutral data centre operator Teraco Data Environments has secured a R200m medium-term funding facility from Absa’s corporate and investment banking division. Teraco CEO Lex van Wyk says the funding will allow Teraco to meet the demand created by growth of the Internet and cloud computing
Three weeks ago, in mid-April, Absa became the last of South Africa’s big banks to launch a mobile transactional banking application for smartphones and tablets, beating at the finish line by First National Bank, Standard Bank, Nedbank and Investec. But Absa, South Africa’s
Vodacom is the most reputable company among South Africa’s top 20 JSE-listed companies by revenue, a new survey has found. The 2013 RepTrak Pulse survey placed Vodacom rival MTN in fifth place, down from second place last year. Old Mutual placed second, with retailer Pick ’n Pay and Sasol taking
Johannesburg- and New York-listed Electronic payments specialist Net1 UEPS Technologies has failed to conclude a black economic empowerment deal, blaming investigations around its winning of a multibillion-rand tender for the payment of South African social grants. A one-year option
First National Bank has released a dedicated tablet version of its transactional banking application. Until now, customers have been able to use the FNB Banking App designed for iPhone and iPod touch on the iPad, but that version of the app isn’t optimised for the tablet computer’s larger
Absa has finally taken the wraps off its application for smartphones and tablets, becoming the last of South Africa’s big four banks to launch a transactional banking app. Absa’s banking application supports Apple’s iPhone and iPad as well as devices running the Android operating system. It allows users to make payments
A court ruling confirming the validity of a tender given to Net1 UEPS Technologies subsidiary Cash Paymaster Services (CPS) for issuing social grants was welcomed by the social development ministry on Thursday. “It has been a long journey through which several