absa

  1. Hanno Labuschagne

    Capitec's big IT edge

    Capitec's big IT edge Being able to build its IT infrastructure from scratch gave Capitec a significant advantage over South Africa's incumbent banking giants, Absa, FNB, Nedbank, and Standard Bank. In his new book, Capitec: Stalking Giants, author TJ Strydom underscores how the upstart bank's...
  2. R

    How to EFT into Absa Home Loan Directly

    Hi All, Been trying to get hold of Absa from Europe which has been thus far unsuccessful. I need to get my rental income paid directly into the Absa home loan. Has anyone figured out how to do this via EFT? Is it as simple as creating a new Absa beneficiary with the Absa home loan as the...
  3. pratlou

    How AutoZone built up its R300m Absa debt burden

    The high court in Johannesburg has granted Absa an order to seize control of the assets of automotive parts retailer AutoZone due to the company’s inability to settle its outstanding debts. AutoZone owes Absa R302m which accumulated during a series of financial agreements and defaults that led...
  4. Hanno Labuschagne

    Taxman sets sights on banks over roles in organised crime

    Taxman sets sights on banks over roles in organised crime The head of South Africa’s revenue service said it will ramp up efforts to target lenders and advisers who may be “professional enablers” of organised corruption and financial crimes to combat illicit capital flows and tax evasion. “It...
  5. Steering_Rack

    Moving to Nedbank due to home loan

    OK, long story, apologies. Need advice, preferably from someone who knows whats going on. My scenario: Currently at ABSA. Have quite large personal loan. Have credit card, not much owing. Home Loan is at Nedbank. Nedbank says I get lower interest rate if I move to them. OK, can do with...
  6. thedulyman

    "Audi Approved" - Here's the shocking thing that means

    I made the mistake of taking my car in for repairs at an audi and absa approved panel beater. This is "renew-it" was audi approved, and I was assured all would be good despite their horrible reputation. I was EXTREMELY wrong and Audi are backing the work below. Renew it gave me the car in the...
  7. Hanno Labuschagne

    30 bank branches that offer passport and smart ID applications

    30 bank branches that offer passport and smart ID applications South African banks and the Department of Home Affairs (DHA) are close to signing partnership agreements that will see more bank branches offer passport and smart ID services. This will add to the 30 bank branches across South...
  8. Hanno Labuschagne

    Biggest Black Friday spenders in SA for 2023

    Biggest Black Friday spenders in SA for 2023 There were several shoppers in South Africa who spent hundreds of thousands of rands during Black Friday 2023. According to data from most major banks and big payment gateways, overall spending values and volumes on Black Friday itself declined or...
  9. Hanno Labuschagne

    30 bank branches where you can get a smart ID or passport

    30 bank branches where you can get a smart ID or passport There are currently 30 bank branches offering smart ID and passport services to South Africans, and most major banks want to offer many more. The e-Home Affairs facility was first launched in 2015 with several bank branches.
  10. Jan

    Absa launches contactless card readers ar ATMs

    Absa launches tap-and-go ATMs Absa has launched a new way of banking at automated teller machines (ATMs) that will let customers use the tap-and-go capabilities of their cards at ATMs in South Africa. The bank says the new feature aims to reduce transaction times and deter card theft incidents...
  11. Jan

    Entry-level bank account comparison - Bank Zero wins (March 2023)

    Cheapest bank accounts in South Africa Bank Zero offers the cheapest low-cost banking service in South Africa, a MyBroadband analysis using a basket of transactions shows. South Africa's major traditional and digital banks all offer entry-level, low-cost accounts for those who prefer a...
  12. Jan

    PayShap transaction fees at launch - Bankserv, Absa, and FNB respond

    FNB and Nedbank crush Absa and Standard Bank in PayShap prices First National Bank (FNB) and Nedbank currently offer the best prices on PayShap transactions, a MyBroadband analysis reveals. BankservAfrica and the Payments Association of South Africa (Pasa) launched the new real-time payments...
  13. Jan

    BankservAfrica, Reserve Bank, PASA, banks launch PayShap rapid payments system

    PayShap launches in South Africa The South African Reserve Bank (SARB), BankservAfrica, and four prominent banks launched PayShap on Monday, 13 March 2023. The Rapid Payments Programme will go live with the four banks immediately, meaning FNB, Absa, Nedbank, and Standard Bank customers can use...
  14. Jan

    Teraco gets R11.8 billion loan for expansion plans and solar build

    Africa's largest data-centre company gets R11.8 billion loan for expansions and solar power Teraco Data Environments Ltd., Africa’s largest data-center company, raised 11.8 billion rand ($680 million) in funds to assist with its expansion plans and power build-out, said its Chief Financial...
  15. Jan

    E-Home Affairs branch list - January 2023

    Bank branches where you can get your passport and smart ID The number of bank branches at which South Africans can renew their passport or apply for a smart ID card has risen to more than 30. However, there are several discrepancies between the Department of Home Affairs' (DHA) list and the...
  16. Jan

    Digital vs traditional banking transaction fees comparison

    TymeBank beats digital and traditional bank competitors in transaction fees battle Fit-for-purpose digital banks are taking the fight to traditional banks in South Africa, pushing the envelope of what's possible without branches and bringing down banking costs in the process. Digital-first...
  17. Jan

    Online banking fees comparison - January 2023

    Capitec beats Absa, FNB, Standard Bank in online banking fees comparison Capitec's GlobalOne transactional account has the most affordable online banking fees across the major South African banks, a MyBroadband analysis has revealed. Gone are the days of physically visiting a bank branch to...
  18. Hanno Labuschagne

    South African trading platform battle — EasyEquities beats big banks

    South African trading platform battle — EasyEquities beats big banks Research from Daily Investor shows that EasyEquities is the most popular online share trading platform in South Africa and easily outperforms Standard Bank, FNB, and Absa’s alternatives. Online share trading showed steady...
  19. Jan

    Absa vs Capitec vs FNB vs Nedbank vs Standard Bank web traffic analysed

    Online banking battle in South Africa FNB is leading the online banking race in South Africa, but Standard Bank, Nedbank, Absa, and Capitec are closing the gap. Online banking is a core offering for banks and is the preferred engagement medium for many South Africans.
  20. Jan

    SA Banking Sentiment Index 2022 released

    Most loved and hated banks in South Africa — with one slipping badly Banking was among South Africa's "most liked" industries in the past year, beating retail, insurance, and telecommunications. That is according to the SA Banking Sentiment Index for 2022 compiled by DataEQ, the company...
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