The Ombudsman for Banking Services’ annual report reveals that it opened 7 717 formal cases in 2020 – a new record. That’s a 19% increase on the prior year, despite the Covid-19 lockdown.
The high court has ruled that Ayo Technology Solutions’ bid to overturn First National Bank’s decision last month to close the JSE-listed technology group’s banking facilities will not be heard on an urgent basis.
First National Bank has terminated the banking facilities it provides to Iqbal Survé’s Ayo Technology Solutions, Ayo said in a statement to shareholders after markets closed in Johannesburg on Thursday.
The criticalness of the current energy challenges call for South Africa to follow suit in leveraging AI and emerging technologies to reimagine the future of energy. By Mark Nasila.
First National Bank has launched its Virtual Card offering to all customers after a period of beta testing. The bank believes this will make both online and physical payments significantly safer and more convenient.
The South African Reserve Bank and industry regulators have warned the public not to use instant electronic funds transfer online payment services as a payment option.
As of 1 January 2021, Nedbank clients will no longer be able to use cheques as a payment option. In an announcement on Tuesday, the bank said this is because few clients make use of the service.
South African consumers regained some confidence in the economy in the third quarter after consumer confidence hit a 35-year low in the previous quarter, a survey showed on Monday.