Banking
FNB’s zero-fee business account looks to upend market
First National Bank’s new First Business Zero Account, with no monthly fees, has made competitors sit up and take notice.
Browsing: Capitec
Banking
FNB, Capitec tied for South Africa’s best digital bank
First National Bank and Capitec have tied for the title of South Africa’s best digital bank in research agency Columinate | Insight Consulting’s latest SITEisfaction survey.
Banking
Here’s how many branches banks have shut in the last decade
The country’s big four traditional banks – Absa, FNB, Nedbank and Standard Bank – have together shut 695 branches since their respective peaks in the earlier part of this decade.
In-depth
Big banks ready themselves for onslaught by digital upstarts
From free burgers and ride-hailing services to hip-hop concerts and discounted petrol: South African banks are going all out to win customers as competition hots up.
Banking
Standard Bank branch cuts are long overdue
The decision by Standard Bank to close 91 branches and cut 1 200 jobs is not at all surprising – the only surprises were that the bank announced it publicly and that it did so before elections in May.
Banking
Banking apps boom as usage skyrockets
South African banks are reporting phenomenal growth in the use of banking apps despite the country’s finite banked population, stagnant levels of smartphone penetration and relatively low levels of financial literacy.
News
FNB named SA’s best digital bank
First National Bank has squeaked past Capitec to be named South Africa’s best digital bank, according to a new, independent study by Columinate. The insights agency on Monday released its seventh annual
In-depth
FNB targets Capitec with entry-level mobile bank account
First National Bank is taking the fight for entry-level banking consumers to Capitec, with the launch of its new zero-monthly-fee transactional bank account aimed at the unbanked and underbanked. eWallet eXtra, due
News
Inside Michael Jordaan’s new digital bank venture
Bank Zero appears set to accelerate the evolution of the South African banking industry by offering a fresh take on banking and highly competitive fees. The bank – the brainchild of tech entrepreneurs and banking innovators Michael
News
SA’s most loved (and hated) banks, according to social media
BrandsEye, a company that mines social media to determine people’s view on topics from elections to companies, has found that Capitec is South Africa’s most loved bank among social media users. The annual