Business confidence “will need steady policy progress and consistent demand to take root and grow”, RMB said.
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FNB has entered into a partnership with fintech start-up VezoPay, the company behind South Africa’s first smart payment ring.
With one notable exception, IT spend in South Africa’s banking sector has remained relatively stable.
South Africa is on the cusp of starting a traded electricity market that will give consumers a choice of power products.
The balance between growth and risk management will dictate the sector’s trajectory in the coming years.
The collaboration provides RMB Private Banking clients with access to FNB Connect’s data and device solutions.
Total IT spend at FirstRand for the financial year ended 30 June 2024 reached R19.3-billion, up 8% from 2023’s figure.
South African business sentiment has risen to an almost two-year high, underpinned by the end of load shedding.
Cloud migration projects are making way in South African banks’ IT budgets for AI and cybersecurity.
Africa Data Centres, a subsidiary of Cassava Technologies, has secured R2-billion in funding arranged by RMB.