Capitec Bank is generally the cheapest bank for the needs of most people, despite strong competition from other banks, according to Solidarity’s 2016 Bank Charges Report. As a result of strong competition in the basic
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Standard Bank has no plans, at least for the foreseeable future, to launch a mobile virtual network operator. The banking group’s chief executive for personal and business banking
The South African retail banking sector is characterised by high barriers to entry. The sector is concentrated, with four of the largest banks – Standard Bank, Absa, First National Bank and Nedbank – accounting for more than 80% of retail
While there’s been an outsize (and bizarre) outcry about First National Bank’s decision to close somewhere between 25 and 40 branches in a round of “optimisation”, the country’s big four retail banks have been steadily cutting the number of branches for years
Alan Knott-Craig is nothing if not ambitious. The man behind the Project Isizwe free Wi-Fi project in Pretoria and the former boss of both Mxit and iBurst wants to build what he calls “the Capitec of of telecoms
Capitec came out tops for its social media performance among South Africa’s banks, according to the 2014/2015 Ubiquity Social Intelligence Report released on Wednesday. Capitec was also the only bank to receive a net positive opinion on social media
Capitec has displaced First National Bank at the top of a list that ranks how satisfied consumers are with their bank’s online facilities. The third annual “Internet Banking SITEisfaction” survey, conducted by online marketing research agency Columinate, has found that satisfaction among FNB clients has fallen
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
Consumers at all of SA’s big banks, with the exception of Nedbank, are paying lower fees than they were last year. This is according to the third annual bank fees report by the Solidarity Research Institute, the research arm of the Solidarity trade union. The report, which was released on
There will be a dramatic increase in the number of independently operated automated teller machines (ATMs) in SA in the next five years. That’s the prediction of Marc Sternberg