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
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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
The fight over who controls home broadband in South Africa is getting a lot more serious. South African fibre-to-the-home pioneer Vumatel announced on Tuesday that it has reached
The latest Standard Bank South Africa Purchasing Managers’ Index paints a bleak picture of the South African economy, signalling the most marked deterioration in operating conditions in over one-and-a-half years. The Standard Bank survey produced by
South Africa’s big four retail banks have been steadily cutting the number of (costly) branches in recent years. That’s no surprise, given the shift in transactional banking to electronic channels. Those transactions that still need some form of physical
While there’s been an outsize (and bizarre) outcry about First National Bank’s decision to close somewhere between 25 and 40 branches in a round of “optimisation”, the country’s big four retail banks have been steadily cutting the number of branches for years
Standard Bank has warned its customers that it will be offline this Sunday, 7 February, while it performs scheduled system updates. The system changes require planned downtime, which will affect the ability of clients to perform “certain banking activities and transactions
In a day in which the penny dropped on racism in South Africa with the Penny Sparrow “monkey” scandal gripping the country, Standard Bank dropped another bomb, announcing the
Vodacom has not revealed what caused an error that led to several of its customers being double debited last week. Vodacom sent an SMS to customers on Friday afternoon informing them that the company was aware that some accounts had been debited twice owing to a “technical glitch”. The company promised to
Imagine going online to order an identity document, paying by electronic funds transfer, then popping into the bank at your local mall to collect it? This is what the department of