Investec recently launched Programmable Banking, a platform for software developers that aims to open the world of banking to the IT industry with more granularity.
The rand has strengthened to a five-month high on expectations that the central bank will raise interest rates. Portfolio inflows also underpinned its rally.
African Rainbow Capital Investments plans to offload its remaining stake in fibre network operator MetroFibre Networks.
Investec is open an application programming interface to allow clients access to banking and transactional data and to craft individualised services.
Investec is seeking to more than double its private client base in the next three to four years, outpacing growth in a moribund economy.
Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.
Investec has asked its employees in South Africa to get vaccinated or subject themselves to weekly tests as the bank’s staff returns to office.
TallOrder Solutions, a technology company co-founded by South African IT industry veteran Dana Buys, has announced it has raised R47-million in additional funding.
Investec plans to offer its private banking clients funding to install solar panels and battery storage systems in their homes.
Blue Label Telecoms, the JSE-listed firm that owns 45% of Cell C, is still in talks about recapitalising the debt-laden mobile operator’s balance sheet.