absa

  1. Jan

    Entry-level bank account comparison - August 2022

    South Africa's entry-level bank accounts compared Several bank accounts in South Africa come with a very low monthly fee and affordable pay-as-you-use costs for those with minimal banking needs. MyBroadband recently compared South African bank accounts with no monthly fee but found that many...
  2. Jan

    Credit card account fee, interest rate, and currency conversion comparison

    Credit card fee comparison for traditional and digital bank accounts South Africa's major traditional and digital banks offer credit card accounts for various budgets and incomes, with stand-alone options starting from R30 a month. Four of South Africa's traditional banks offer credit cards...
  3. Jan

    5 out of 9 South African banks don't charge extra for rand payments to Netflix and Spotify

    These banks charge extra fees for rand payments to Netflix, Spotify and other online services Most South African banks don't charge additional transaction fees for rand-based payments to international merchants, despite charges levied by payment provider schemes like Visa and Mastercard. FNB...
  4. Jan

    E-Home Affairs bank branches - Discovery Bank works differently

    Bank branches where you can get your passport and smart ID The Department of Home Affairs is continually adjusting its list of approved bank branches through which South Africans can get their smart ID card or passport, with 26 branches currently available. While its latest list shows that the...
  5. Jan

    Takealot, MTN, and Absa reveal which sought-after skills they are looking for

    The skills you need to work at Takealot, MTN, and Absa South Africa has a shortage of several tech-related skills highly sought-after among major telecoms, banking, and ecommerce companies. The Department of Home Affairs published a list of critically-scarce skills in high demand in the...
  6. Jan

    Entry-level Internet banking fees comparison

    Cheapest Internet banking fees in South Africa FNB's Easy PayU account offers the most affordable online banking transaction fees, while Absa's Transact account was the most expensive, a MyBroadband analysis of entry-level bank accounts showed. Online banking services became essential as the...
  7. Jan

    App-based banking fees comparison

    App-based banking in South Africa — how fees differ between banks All of South Africa's prominent banks offer app-based banking with varying fee structures, charging different amounts for basic payments, prepaid purchases, debit order disputes, and instant transfers. MyBroadband compared the...
  8. Jan

    MTN retains its position as the most valuable brand in Africa

    MTN keeps crown as most valuable brand in Africa MTN is still the most valuable brand in Africa, according to Brand Finance's Africa 150 report for 2022. The report revealed that the mobile network operator's brand value had reached $4 billion (R63 billion), and its Mobile Money application...
  9. Jan

    Home Affairs bringing in IT experts from bank to fix its systems

    Home Affairs gets R400 million network upgrade to end "the System is Offline" The State IT Agency (Sita) is spending R400 million revamping Home Affairs’ whole network, Minister Aaron Motsoaledi has announced in his budget vote speech. Sita recently finished the procurement process and would...
  10. Jan

    Internet Banking fraud dominated ombudsman complaints in 2021

    South African banks with the most fraud complaints Banking services ombudsman Reana Steyn says that her office received and investigated a record number of complaints in 2021 — with Internet banking fraud topping the list. The number of complaints the Ombudsman for Banking Services (OBS)...
  11. Jan

    E-Home Affairs bank branches for smart IDs and passports in South Africa

    Bank branches where you can get your passport or smart ID Several banks across South Africa let their customers get their smart ID cards or passport at specific branches so that they do not have to wait in long queues or face the infamous "system is offline" issue. The Department of Home...
  12. Jan

    Disabling tap-to-pay on bank cards - why FNB doesn't let you

    All but one of South Africa's major banks let customers disable tap-to-pay FNB is the only major bank in South Africa that doesn't let customers disable tap-to-pay on their payment cards. Although "Tap and Go" payment technology for bank cards was beneficial during the Covid-19 pandemic, many...
  13. Hanno Labuschagne

    Absa's new portable bank brings staff closer to customers

    Absa's new portable bank brings staff closer to customers Traditional banks are bringing branches closer to their clients to better compete with innovative new digital players. Online shopping and food delivery apps have boomed in recent years by bringing products straight to customers'...
  14. Jan

    Absa economists warn of neon gas shortage due to Russia's invasion of Ukraine

    Russia’s invasion of Ukraine could cause tech shortages — and higher prices in South Africa Russia’s invasion of Ukraine may cause supply chain disruptions to semiconductor chips that could push up prices of cars, TVs, household appliances, and electronic devices. This is according to Absa...
  15. Hanno Labuschagne

    Turn your smartphone into a card machine with Absa Mobile Pay

    Turn your smartphone into a card machine with Absa Mobile Pay Absa has launched the Absa Mobile Pay app, allowing users to turn their Android smartphone or tablet into a Point of Sale (POS) device to accept payments. The bank has rolled out the app in conjunction with technology firm Wizzit...
  16. Jan

    Constitutional Court upholds ruling that government can renege on salary promises - saves South Africa R75 billion

    South Africa backtracks on salary increases for civil servants — saves R75 billion South Africa’s top court upheld a ruling by a lower tribunal that allowed the government to renege on salary increases for public servants, bolstering its efforts to rein in runaway debt and the budget deficit...
  17. Jan

    Absa finds more customers affected by data leak

    Absa data leak — more customers affected Absa has sent a notice to several new clients found to be affected by a November 2020 data leak, when a former employee gave people’s personal information to a platform that sold it to third parties. The former Absa staff member behind the leak was a...
  18. Jan

    Absa discovers more customers affected by 2020 data leak

    More Absa customers hit by data leak Absa has continued to send notifications to more customers impacted by a data leak in October 2020. Customers have told MyBroadband they received emails from the bank this past week informing them the leak also impacted them.
  19. Howdy

    Gauteng Hawks arrest Absa employee who defrauded company of over R100m

    https://ewn.co.za/2022/01/23/gauteng-hawks-arrest-absa-employee-who-defrauded-company-of-over-r100m
  20. Jan

    2022 Bank Charges Report released

    Cheapest banks in South Africa The Solidarity Research Institute has released its 2022 Bank Charges Report, revealing that TymeBank is the cheapest bank in the country. Solidarity economic researcher, Theuns du Buisson, said the report revealed that digital banks TymeBank and Bank Zero offered...
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