Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17m people as a contract with a unit of Net1 UEPS Technologies comes to an end after years of legal battles. The existing contract
Browsing: Nedbank
Nedbank said South African mines minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. Nedbank, in a letter
Nedbank has launched an interactive teller and banker ATM at its flagship new-generation branch in Sandton in Johannesburg. According to the financial services group, it is the only bank in Africa and the second
The rand slumped the most five years on Thursday, leading global currency declines against the dollar as a global bond selloff worsened amid concern that spending by the Donald Trump administration will fuel inflation
Telecommunications group MTN has a new chief financial officer. Ralph Mupita, the CEO of Old Mutual emerging markets, will take over as MTN’s CFO on 3 April 2017. Mupita’s appointment adds to a growing list of top executives
South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays
FirstRand said it agrees with finance minister Pravin Gordhan that he cannot interfere with their decision to cut ties with the Gupta family. Gordhan last week asked the high court to order that he has no authority to
South Africa’s big four retail and commercial banks spent in excess of R30bn on IT in the 12 months to end-June 2016, including the cost of staff involved in this function. Excluding the cost of people, nearly R15 out of every R100 spent on
The department of home affairs plans to expand its smart card applications at bank branches by the end of October, following the success of the pilot project, minister Malusi Gigaba said on Wednesday
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