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...
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...
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.
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...
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...
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...
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...
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...
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...
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...
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...
absa
bankservafrica
first national bank (fnb)
nedbank
payments association of south africa (pasa)
payshap
prudential authority (pa)
rapid payments programme (rpp)
south african reserve bank (sarb)
standardbank
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.
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...
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...
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...
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...
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...
South Africa's top MVNOs
While most South Africans use the country's major mobile networks — Cell C, MTN, Telkom, and Vodacom — for their cellular needs, they can also choose from a range of mobile virtual network operators (MVNOs).
While MVNOs still leverage the network infrastructure of...
South African trading platform battle — EasyEquities beats big banks
Research from Daily Investor shows that EasyEquities is the most popular online share trading platform in South Africa and easily outperforms Standard Bank, FNB, and Absa’s alternatives.
Online share trading showed steady...
Hi
I am trying to purchase a Samsung washing machine with a Standard Bank credit card. I chose the 6 month financing option, but when the notification comes to approve the payment, the amount shown is for the full amount of the washing machine, and not the monthly installment amount. Please...