standard bank

  1. Hanno Labuschagne

    Taxman sets sights on banks over roles in organised crime

    Taxman sets sights on banks over roles in organised crime The head of South Africa’s revenue service said it will ramp up efforts to target lenders and advisers who may be “professional enablers” of organised corruption and financial crimes to combat illicit capital flows and tax evasion. “It...
  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. 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...
  4. Jan

    Standard Bank helps Maziv restructure and increase its debt package to R25 billion

    Vumatel owner in R25-billion debt deal — South Africa's biggest of 2023 Vumatel and DFA owner Maziv has refinanced and increased its debt package to R25 billion, in what Standard Bank says is the largest debt transaction of the year so far. “This comes after Standard Bank was appointed as...
  5. 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...
  6. 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.
  7. Jan

    Africa's biggest bank posts record profit as economies recover

    Standard Bank posts R21.9-billion profit Standard Bank Group Ltd., Africa’s biggest bank by assets, reported a record pretax profit in the first half of 2023, driven by a recovery in sub-Saharan economies that helped the lender shake off the gloomy outlook in its home market of South Africa...
  8. Jan

    Standard Bank's LookSee releases report on neighbourhoods with best solar power potential

    Best suburbs for home solar in South Africa Kloof in KwaZulu-Natal has the highest solar generation potential of suburbs in South Africa as measured by Standard Bank’s LookSee platform. Atholl in Gauteng and Winston Park in KZN place second and third. LookSee is a platform for homeowners...
  9. Jan

    Standard Bank CEO says electricity crisis will be solved through public and private investments

    South Africa's electricity crisis will be over soon, says Standard Bank CEO Standard Bank CEO Sim Tshabalala says public and private investments would bring an end to South Africa’s energy crisis within the next few years. In Standard Bank’s annual integrated report for the year ended 31...
  10. 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...
  11. Hanno Labuschagne

    How Standard Bank fixed its big downtime problems

    How Standard Bank fixed its big downtime problems Standard Bank has radically reduced the number and length of outages of its digital channels, a feat it has ascribed to increased transparency, accountability, and discipline among its engineering teams. South Africa's biggest bank by revenue...
  12. 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...
  13. 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...
  14. 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...
  15. Jan

    Standard Bank web and app banking downtime - 12 February 2023

    Standard Bank app and online banking outage Standard Bank customers are reporting an outage that appears to be affecting the bank's app and online banking platform.
  16. Jan

    Self-generation of power seen mitigating South Africa's energy crisis

    South Africans are realising — we're on our own Self-generation of electricity by South African businesses and households is likely to reduce rolling blackouts without compromising the state power utility’s business model, according to the continent’s biggest bank. As much as 1,000 megawatts...
  17. 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...
  18. 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...
  19. Jan

    Software specialist allegedly steals R6.3 million from Standard Bank, his former employer

    Former Standard Bank software specialist allegedly stole R6.3 million Former Standard Bank software expert Henry McMurray allegedly stole close to R6.3 million from the bank by inflating amounts in transactions processed by six of his "acquaintances", Mail & Guardian reports. McMurray tried to...
  20. 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...