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
Browsing: Standard Bank
MTN Group and financial services provider MMI Holdings have announced they’re creating a new joint venture, branded aYo, to deliver micro insurance solutions across Africa. Insurance penetration is low
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
What more is there to say about MTN? It’s been an especially horrific 12 months for the company (and shareholders). But the group is sitting with a very large problem (to be fair, it has many others too): it is
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
MTN Group has kick-started the process of listing its biggest subsidiary, MTN Nigeria, on the Nigerian Stock Exchange. It said it intends to float the shares “as soon as commercially and legally possible”. The South
Standard Bank has no plans, at least for the foreseeable future, to launch a mobile virtual network operator. The banking group’s chief executive for personal and business banking
Banks are ever-aware of the need to attract new customers at a young age, so it’s perhaps not surprising that Standard Bank has announced plans to launch a Kidz Banking
By global standards, most South African consumers are making their purchases at brick-and-mortar stores, even as the online shopping sphere is poised for stunning growth. But it hasn’t been smooth sailing for the country’s still
Standard Bank is not commenting on a new report that police have found that a Standard Bank computer system was probably compromised during an international heist in which Y1,8bn (about US$17,6m) was illegally withdrawn from ATMs across Japan