1. Hanno Labuschagne

    Nedbank digital banking outage

    Nedbank digital banking outage Nedbank's Internet banking and mobile banking apps have been hit by an hours-long outage starting in the mid-morning of Friday, 26 April 2024. Outage tracking website Downdetector first showed a surge in reports of issues with Nedbank online services in South...
  2. Hanno Labuschagne

    Pretoria chef and restaurant owner loses R600,000 after phone snatching

    Pretoria chef and restaurant owner loses R600,000 after phone snatching A well-known Pretoria chef said he lost nearly R600,000 after thieves stole his phone. Fortunato Mazzone, who co-owns the Forti Grill and Bar and his chef patron at the Forti Bistro and Forti Too, posted about the...
  3. 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...
  4. 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...
  5. MJason

    PS Plus from Avo by Nedbank is a scam?

    Hellp Everyone, i recently purchased this ps plus deluxe 12 month subscription as it seems to be well discounted. However, upon redeeming the code, it did not give me the subscription but instead gave me...
  6. 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...
  7. 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.
  8. Jan

    South Africa narrowly avoided a total blackout in February - Nicky Weimar

    South Africa narrowly dodged total grid collapse, says Nedbank chief economist Nedbank chief economist Nicky Weimar said that South Africa narrowly avoided a total blackout in February, with the grid almost shutting down completely. She was speaking during a Nedbank Private Wealth webinar on...
  9. Jan

    Eskom disputes economists' warning of higher total grid collapse risk

    Economists warn risk of total grid collapse is higher — Eskom denies it Eskom has denied that it has put more strain on its generating system in the past few weeks to avoid higher levels of load-shedding. The response comes after a News24 report in which Nedbank chief economist Nicky Weimar...
  10. 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...
  11. 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...
  12. 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...
  13. Jan

    Blue Label mulls taking control of South African carrier Cell C

    Blue Label could take control of Cell C South Africa’s Blue Label Telecoms Ltd. is considering taking a controlling stake in the nation’s fourth-largest wireless carrier as it seeks to have more say in a company in which it is already the largest shareholder. Blue Label could convert debt held...
  14. 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...
  15. 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...
  16. 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...
  17. 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.
  18. 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...
  19. Jan

    Cell C's extremely complicated employee shareholding scheme

    This is who owns Cell C Cell C’s shareholders are Blue Label Telecoms, the Employee Believe Trust, Nedbank, CellSAf, Net1, and Gramercy. It was revealed during an analyst presentation about Cell C by Blue Label Telecoms co-CEO Brett Levy.
  20. Jan

    Banks reveal Black Friday spending stats, including a commercial client that dropped R1.88 million

    South Africa's biggest Black Friday spenders — including a R1.88-million purchase Black Friday 2022 again saw single transactions worth hundreds of thousands of rands in South Africa, while at least two customers spent over a million rand in total on the day. Physical retailers and online...