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...
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...
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...
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)...
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...
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...
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'...
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...
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...
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...
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...
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.
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...
Absa website and online banking downtime
Absa customers have been reporting issues with gaining access to the bank's website and their online banking since Friday morning.
Downdetector showed a significant increase in complaints about Absa's online banking service from around 08:00.
South Africa's biggest Black Friday spenders — including one who spent R697,000
Several Black Friday shoppers in South Africa spent hundreds of thousands of rand in single transactions during Black Friday 2021.
Elon Musk is worth more than MTN, Vodacom, Checkers, and Absa — put together
Elon Musk has so much money that he can buy MTN, Vodacom, Standard Bank, Capitec, Sasol, Absa, Checkers, Nedbank, and Woolworths — and have over R2 trillion left.
I just received an email from Absa Credit Card <[email protected]>
Made sure to check the domain and can confirm that is legit their domain and email address... Below is the extracts from the email
I did not apply for a credit card... So I called them and apparently their clients are...
Absa considers new R9.6 billion Black Economic Empowerment plan
Absa Group is considering a new Black economic empowerment plan that could constitute as much as 8% of South Africa's third-largest lender, worth about R9.6 billion.