nedbank

  1. 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...
  2. 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...
  3. 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...
  4. 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.
  5. 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...
  6. 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.
  7. 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...
  8. Jan

    Stand-alone credit card account comparison for South African banks

    Best credit card deals from South African banks Many of South Africa's major banks offer entry-level credit cards with minimal monthly fees that can help young consumers start building a good credit score. These cards often also come with some added value in the form of membership to banks'...
  9. Jan

    E-Home Affairs bank branches as of November 2022

    Bank branches where you can get your passport and smart ID — with more to come The number of bank branches offering passport and smart ID renewals in South Africa has reached 27, with the Department of Home Affairs (DHA) revealing that it is currently testing a ninth Standard Bank branch at...
  10. Jan

    Shoprite invests in data privacy company Omnisient after June hack

    Shoprite invests in privacy protection startup after customer data hack South African grocery giant Shoprite Group has announced it is investing in secure data collaboration platform Omnisient, only a few months after it suffered a hack that led to the auction of customers' personal information...
  11. Jan

    Bank fuel rewards programmes compared

    Big petrol price hike coming — These banks have the best fuel rewards Several of South Africa's major banks offer rewards schemes that enable their customers to earn back some of their spending on fuel every month. These initiatives can provide some relief for motorists who have been hammered...
  12. Jan

    South African companies squandering millions on empty metaverses

    South African companies waste millions on chasing metaverse hype Many South African companies are blowing money on the metaverse, not because of its potential, but because they fall victim to the hype. The hype started last year when Facebook CEO Mark Zuckerberg rebranded the company to Meta...
  13. Jan

    Intermittent downtime on Nedbank digital banking channels

    Nedbank digital banking outage Nedbank customers report that they are experiencing problems accessing the bank's mobile app and digital channels on Friday morning. Reports of issues with the app surged on Downdetector from around 07:30, while several frustrated customers also posted their...
  14. Jan

    South African bank app ratings vs Hellopeter reviews compared

    Online banking comparison — App store reviews put Discovery Bank on top Discovery Bank has the online banking platform with the most positive app store reviews in South Africa, an analysis of the scores on Google Play and the Apple App Store shows. The bank received an aggregate score of 4.8...
  15. Jan

    Cell C's prospects look much better - but can it pay its debts?

    Cell C much stronger — but big questions remain On 22 September, Blue Label concluded a deal to restructure and refinance Cell C and reduce its debt to give the mobile operator a healthier balance sheet. As part of the deal, new money will be injected into Cell C to stabilise the company and...
  16. Jan

    Banks in South Africa with the most tap-to-pay service options

    Smartphone tap payments in South Africa — these are the banks with the most options Most South African banks now support all major digital wallets that let you transact by tapping your smartphone or smartwatch at a contactless-enabled paypoint. Apple Pay, Garmin Pay, Google Pay, Fitbit Pay...
  17. Jan

    Google Wallet with Google Pay contactless payments launched in South Africa

    Google Pay launched in South Africa Google Pay contactless card payments have rolled out in South Africa, according to the company's official support documentation and tests performed by MyBroadband. Previously, Google Pay only worked for in-app and online purchases from South Africa, not...
  18. 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...
  19. Jan

    Reserve Bank fines Nedbank R35 million over FICA violations

    Nedbank slapped with R35 million FICA fine The South African Reserve Bank (SARB) has imposed a R35 million administrative sanction on Nedbank Limited for failure to comply with certain administrative provisions of the Financial Intelligence Centre Act (FICA). The SARB on Friday also directed...
  20. 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...
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