Operating conditions at South African private sector businesses improved for the first time in a year during May, mainly driven by a return to new order growth and renewed job creation. However, output continued to decline and companies
Browsing: Standard Bank
Three hours, around 100 people, 1 400 Japanese ATMs and 1 600 counterfeit credit cards, was all it took for fraudsters to exploit Standard Bank in Japan. The bank, which stands to lose up to R300m, described the attack as a “sophisticated
A R300m card fraud hit on Standard Bank in Japan is an incident of transnational organised crime that was well planned and executed, says a local banking risk body. The South African Banking Risk Information Centre
The South African retail banking sector is characterised by high barriers to entry. The sector is concentrated, with four of the largest banks – Standard Bank, Absa, First National Bank and Nedbank – accounting for more than 80% of retail
Standard Bank said on Monday that its South African banking operations have been the “victim of a sophisticated, co-ordinated fraud incident” that have cost it an estimated R300m. Standard Bank said on Monday that its South African
Home affairs minister Malusi Gigaba says citizens in the 25 to 40 age group will from Monday be able to apply for their smart ID card and passport at four of the country’s banks. “In our quest to deliver a quality service to our people
Labour minister Mildred Oliphant conceded on Tuesday that a meeting between cabinet ministers and South Africa’s four banks had taken place. However, she didn’t want to provide further details as the ministers were still to report back to cabinet
Cabinet was concerned that the decision by the country’s big four banks to cut ties with the Gupta-owned Oakbay Investments would deter investors, planning minister Jeff Radebe said on Friday. “While cabinet appreciates the terms and conditions of
Employees of Gupta-owned Oakbay Investments marched to major banks on Tuesday to demand that the company’s accounts be reopened. Armed with placards with phrases such as
Cabinet has welcomed the official launch of the eChannel pilot project of the department of home affairs, which makes ID applications simpler through technology. The project was launched by President Jacob Zuma earlier this month. The new