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This Week's News
IOL - SARB approves digital banking platform for South African SMEs - 27/1/2025
In a move set to make the life of business owners in the country easier, the South African Reserve Bank (SARB) granted regulatory approval for a groundbreaking partnership designed to revolutionise SME banking in South Africa.
For the complete story, see: https://www.iol.co.za/business-report/entrepreneurs/sarb-approves-digital-banking-platform-for-south-african-smes-b2ecb1f9-54ae-4b2d-a45b-54ef77f9279a
Semafor - South Africa insurer readies digital bank - 24/1/2025
Old Mutual, South Africa's second largest life insurer, is going through the final regulatory steps to launch its first digital bank in March.
For the complete story, see: https://www.semafor.com/article/01/24/2025/south-africa-insurer-readies-digital-bank
Money Web - Standard Bank slapped with a R13m fine for non-compliance - 24/1/2025
Contraventions include the failure to conduct due diligence and not timeously reporting several suspicious transactions.
For the complete story, see:
https://www.moneyweb.co.za/news/companies-and-deals/standard-bank-slapped-with-a-r13m-fine-for-non-compliance/
Other Stories
The Fintech Times - Digitalisation and Financial Inclusion Remain Priorities in South Africa Despite Insurance Success - 24/1/2025
IOL - African Bank and Visa Renew Strategic Partnership to Enhance Financial Inclusion - 22/1/2025
Business Times - Transformation expected to be key in Absa search for CEO - 19/1/2025
IOL - S&P Global predicts resilience in South African banking sector amid economic reforms - 19/1/2025
IOL - South African banks to face parliamentary scrutiny over credit lending practices - 17/1/2025
Media Releases
No new media release for this week.
Latest Research
Renewable energy, banking sector development, and carbon dioxide emissions nexus: A path toward sustainable development in South Africa - By Ahmed Samour, Delani Moyo & Turgut Tursoy
Overviews of Leading Companies
Absa Group Limited (JSE: ABG)
African Bank Limited
Bidvest Bank
Capitec Bank Holdings Ltd (JSE: CPI)
Discovery Limited (JSE: DSY)
First National Bank
Firstrand Limited (JSE: FSR)
Grindrod Bank
Investec Ltd (JSE: INL)
Nedbank Group Ltd (JSE: NED)
Old Mutual Ltd (JSE: OMU)
PSG Group Limited (JSE: PSG)
Remgro Limited (JSE: REM)
RMB Holdings Limited (JSE: RMH)
Sanlam Limited (JSE: SLM)
Sasfin Holdings Limited (JSE: SFN)
Standard Bank Group Limited (JSE: SBK)
TymeBank
Ubank Limited
Associate: Emillia Edwin
News and Commentary
IOL - SARB approves digital banking platform for South African SMEs - 27/1/2025
In a move set to make the life of business owners in the country easier, the South African Reserve Bank (SARB) granted regulatory approval for...