Banks are closing the taps on South Africans
South Africans are finding it harder to access credit, even as more people rely on borrowing to get through the month.
Finance
The man who changed his degree after his first year and is now one of South Africa’s top-paid CEOs
Harry Kellan switched degrees after one year of medical school and is now the CEO of FNB Bank, one of the top-paid banking bosses in South Africa, earning R42 million.
Read MoreDiscovery wants to watch you sleep
Discovery is partnering with the American tech company, Oura, to bring the company’s popular health-tracking ring to South Africa for the first time.
Read MoreSouth Africans cutting off streaming services, medical aid, and downsizing their homes
South Africans are under growing financial pressure, and many are being forced to cut back on services, sell belongings, and even move into smaller homes to stay afloat.
Read MoreBig changes for Discovery Bank customers in South Africa
Discovery has announced a slew of changes to its Discovery Miles programme, enabling customers to earn up to 15% back on day-to-day transactions at partner retailers.
Read MoreBig changes for eBucks in South Africa
FNB has made several changes to its eBucks rewards programme, including improved travel rewards and the introduction of eBucks ‘PayDay’.
Read MoreEnd of an era for prominent South African fintech
Katlego Maphai has stepped down as CEO of South African payments provider Yoco, with his co-founders Lungisa Matshoba and Bradley Wattrus taking the reins.
Read MoreMixed bag for South Africa’s most exclusive bank
Investec is expected to report a mixed bag for its upcoming interim results, as customer deposits decreased while core loans increased.
Read MoreThe South African who went from being a security guard to managing over R7 billion
Zwelakhe Mnguni, co-founder and chief investment officer of Benguela Global Fund Managers, went from a job as a security guard to co-founding an asset management company that today oversees more than R7 billion in assets.
Read MoreMajor international bank exits South Africa
The South African Reserve Bank (SARB) has gazetted official notice of the closure of HSBC Private Bank in South Africa, marking the end of the group’s physical presence in the country.
Read MoreSouth Africans are keeping the economy afloat by spending their pensions
A prominent economist has warned that South Africa’s economy is staying afloat by citizens sending their pensions, not because of productive growth.
Read MoreBattle of the banks 2025: Capitec vs Standard Bank vs FNB vs Absa vs Nedbank
South Africa’s banking landscape is changing rapidly, with new entrants seeking to take a bigger slice of the legacy banks’ operations.
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