Browsing: First National Bank

Michael Jordaan to chair Mxit

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First National Bank’s tech-savvy CEO, Michael Jordaan, has been appointed chairman of the board of mobile messaging company Mxit. The appointment is effective immediately and, although Jordaan won’t be getting paid in the position and won’t be taking a stake in the company at first, he has the

E-channels underpin FNB growth

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First National Bank has increased the number of South African accounts by 8%, or 542 000, in the year to the end of June, underpinning total account growth of 1,1m. Number of transactions processed climbed by 13%, with fees and commissions up by 14%

FNB rolls out new ATMs

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First National Bank is rolling out a new range of ATMs called Slimline that it says are capable of delivering digital banking in retailer environments at remote locations where the volume of business does not support a conventional ATM. FNB Slimline has a large touch screen

‘Free’ uncapped broadband from FNB

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First National Bank plans to launch its first uncapped fixed-line broadband data plans later this week, offering discounts of up to 100% on monthly subscription fees to qualifying customers. The bank said in a statement on Monday that qualified personal cheque account holders and private client customers can receive

Where are SA’s next mavericks?

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Mark Shuttleworth certainly isn’t afraid of taking the proverbial bull by the horns. After selling his South African Internet security business Thawte for US$575m at the height of the dot-com bubble, spending $20m and a year in training to become the first South African in space, and launching an operating system

DA airtime campaign irks ANC

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The ANC in Gauteng has called on its members to boycott mobile operator MTN after the Democratic Alliance began running an election campaign printed on 2,5m of the operator’s prepaid airtime vouchers. The Sowetan newspaper reported on Tuesday that the DA bought advertising space on MTN vouchers to be sold in spaza shops

After FNB, Jordaan to focus on tech

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Michael Jordaan is leaving First National Bank after 10 years as CEO to pursue his passion for technology and entrepreneurship. FNB parent FirstRand Group announced on Wednesday that Jordaan would step down at the end of the year, with the head of the bank’s business banking arm, Jacques Celliers, to take

Michael Jordaan to step down at FNB

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First National Bank’s tech-savvy CEO, Michael Jordaan, is stepping down. He will leave the bank at the end of 2013, with Jacques Celliers set to take the reins from next year.
According to FNB parent FirstRand Group, Jordaan, who has been CEO of FNB for the past 10 years, wants to “spend more time with his family”

Absa promises faster innovation

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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 shines in reputation survey

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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