South Africa's R0 monthly fee bank accounts compared
South Africans have six entry-level bank accounts to choose from that don't come with any set monthly fee.
Improved digital capabilities have enabled existing big banks and new upstarts to offer banking services at very low costs.
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...
Who really owns MTN
Standard Bank holds 46.78% of MTN's issued share capital, while 22.01% is owned by the Government Employees Pension Fund (GEPF), according to MTN's financial statements for 2021.
Standard Bank's holding in MTN dropped significantly from 993.1 million shares in 2020 to 881.4...
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...
Nedbank's Avo becomes official Apple reseller — launches iPhone and MacBook deals
Nedbank has announced that its ecommerce super app Avo was appointed an Apple Authorised Reseller.
The online store now offers consumers and businesses the full range of Apple products, including iPhones, iPads...
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...
Home Affairs Smart ID services coming to more banks — if big problems can be solved
The Department of Home Affairs (DHA) and South African banks plan to expand the availability of E-Home Affairs in the country, but it must first address several organisational issues.
More importantly, Home...
Standard Bank raising R300 billion for green energy — remains open to fossil fuels
Standard Bank Group Ltd., Africa’s biggest lender by assets, plans to raise as much as 300 billion rand ($20 billion) by 2026 to help fund renewable energy projects, even as it remains open to supporting fossil...
Have been noticing that Nedbank has been charging Lotto fees on my Credit Card.
Only thing is I've never played lotto. Wondering if I'm the only one affected by this "error" or if this R1.30 charge is multiplied by millions of customers who just don't spot it or won't call because solving it is...
City of Cape Town evaluating EOH contracts — company responds
The City of Cape Town is evaluating contracts with companies implicated in the Zondo Commission of Inquiry's State Capture Report, including IT giant EOH.
News24 reported that mayor Geordin Hill-Lewis instructed the City's legal...
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...
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.
MTN Mobile Money withdrawals at Nedbank — R10 per R1,000
MTN has announced that its Mobile Money (MoMo) customers can now withdraw cash across South Africa from Nedbank ATMs.
Fees range from R10 for transactions of up to R1,000, R20 for transactions between R1,000 and R2000, and R30 for...
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've been using Rain's unlimited 5G Router for a couple of months, until it started connecting only when it felt like it , I'm WFH therefore I could not afford downtime so I end up having to spend more money for a different network so I can work whilst Rain still deducts full amount yet no...