"Big Four" banks face R27bn bad debt charges | Luno expands crypto payments

Orabank teams up with Network International

FINANCE 08 OCT 24 ALL INDUSTRIES  | PRESS OFFICES  | COMPANIES  | JOBS  | EVENTS  | PEOPLE  | MULTIMEDIA  | SUBMIT NEWS  | ADVERTISE  | LIST COMPANY  | SHARE  | FOLLOW  | NEWSLETTER SUBSCRIPTIONS  | MY ACCOUNT  | SUBSCRIBE  |  UNSUBSCRIBE SA's "Big Four" banks hit by R27bn bad debt charges South Africa's "Big Four" banks faced a R27.1bn bad debt loss in early 2024. Rising interest rates have strained household and small business finances, driving defaults and increasing credit impairments... read Digital payment leap: Orabank teams up with Network International Orabank partners with Network International to elevate digital payment services in Francophone Africa...read Luno expands crypto payments through Zapper integration Pay with crypto almost anywhere in South Africa as Luno Pay expands its reach with Zapper integration…read South Africa introducing visa reforms to boost economy, says minister NELLIE PEYTON South Africa is introducing reforms to its strict visa regime to bring in more skilled workers and tourists, Home Affairs Minister Leon Schreiber said, signalling a shift away from past immigration policies that critics have labelled xenophobic... Read Union Credit: Empowering business growth with tailored financial solutions ISSUED BY EQVEST Union Credit, a leading provider of innovative financial solutions for businesses across South Africa, is proud to announce its continued commitment to empowering businesses... Read Banking Brazil's Petrobras to purchase offshore oil block stake in South Africa ANDRE ROMANI Petrobras will acquire a 10% stake in South Africa's Deep Western Orange Basin oil block, with Total retaining a 40% share... Read HSBC and Bidvest Bank fined millions for non-compliance The South African Reserve Bank imposed sanctions on Bidvest Bank and HSBC for regulatory non-compliance. Bidvest faces a R5m fine, while HSBC was fined R9.5m. HSBC exited South Africa last month... Read $4m Ecobank heist: Residents demand security clampdown Bulawayo residents urge law enforcement to strengthen security after a $4m Ecobank heist... Read Economy South Africa business activity accelerates in Sept as inflation eases, PMI shows BHARGAV ACHARYA South Africa's private sector grew in September, driven by rising business activity, easing inflation, and strong wholesale and retail performance, S&P reports... Read Is the food price crisis here to stay? The latest from the Commission The latest edition of the Essential Food Pricing Monitoring (EFPM) Report released by the Competition Commission (Commission) continues tracking essential food prices throughout the value chains of selected essential food items... Read SMEs at the forefront of SA’s economic transformation, says Whitfield The role of Small and Medium Enterprises (SMEs) in driving economic diversity and fostering innovation to boost competitiveness is critical... Read More than 17 million people applied for the R370 grant in September MARECIA DAMONS Most applicants have never had a job... Read The cashless revolution in SA's R750bn township economy South Africa’s R750bn township economy is experiencing a shift towards cashless transactions, offering small and medium-sized businesses new opportunities for growth... Read Financial Services Can businesses recover stolen money from ex-employee pension funds? MTHO MAPHUMULO When employees are dismissed or abscond following suspected theft or misappropriation of funds, ex-employers often attempt to recover the lost funds from the ex-employee's pension benefits... Read Liberty introduces innovative new cancer cover Liberty launches innovative cancer cover as part of its latest health-insurance enhancements, providing comprehensive support and protection for policyholders... Read Markets & Investment US 10-year Treasury yield hits 4%, keeps equity bulls in check ALUN JOHN AND KEVIN BUCKLAND The 10-year Treasury yield reached 4% after strong labor data eased recession fears, impacting rate-cut expectations and supporting the dollar and equities... Read Africa Ecowas launches regional competition authority to streamline cross-border mergers TAMARA DINI, RICHARD BRYCE, AND NAZEERA MIA The Ecowas Regional Competition Authority (ERCA) is taking its final steps towards becoming fully operational, marking a new era of competition law enforcement in the Ecowas region... Read Business Spar appoints new CFO TANNUR ANDERS Spar appointed Moegamat Reeza Isaacs as chief financial officer, effective Wednesday, 1 January 2025, succeeding Mark Godfrey. Isaacs brings finance experience from Woolworths... Read Inflation is impacting coffee prices and consumption in South Africa The number of people drinking coffee daily is down 10% from last year, but half of all South Africans still start their day with coffee... Read Nominations open for boards of PIC, Sasria and Land Bank National Treasury has called for nominations of candidates to serve on the boards of directors of the Public Investment Corporation, Sasria and the Land and Agricultural Development Bank... Read Directors appealing removal by the board - your 20 days starts now NICOLA MULLINEUX AND EMMA MEYER Where a director has been removed by the board of directors of a company, they are given 20 business days to apply to court to have the resolution reviewed... Read How proper e-waste management can financially benefit your company COLIN WILLIAMSON From ESG milestones to significant cost savings, the business benefits of tech regeneration are something every company in South Africa needs to be prioritising... Read Featured Press Office of the day More   |   Join QuickEasy Software Complete business management and ERP software. 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