Written or reviewed by Danielle van Wyk
SARB fines 5 banks over R30 m collectively
The South African Reserve Bank (SARB) has imposed administrative sanctions on five banks and penalties to the collective tune of over R30 million and instructed them to take corrective action.
Fuel stations already running dry
Five filling stations have had to close as their fuel supply has run dry as a result of the ongoing fuel strike.
Rating hike cycle may resume
SARB governor, Lesetja Kganyago, announced that the rate hike cycle could resume despite the current bleak economic outlook.
Fuel stations deny ‘running dry’ rumours
Despite the fuel strike, motorists have been advised to not panic as filling stations deny running fry anytime soon.
FSB and Alexander Forbes warn against fraudulent activity
The FSB warned the public against dealing with certain individuals that claim to be acting on behalf of Alexander Forbes for the retrieval of unclaimed pension benefits.
SA local-currency debt rating downgraded
South Africa’s local-currency debt rating dropped by one level as Fitch Ratings recently updated its Sovereign Rating Criteria.
Publication update on Twin Peaks
Twin Peaks Bill is headed to Parliament, once again.
Bank security – how safe are SA banks?
A recent Norton internet security survey reportedly revealed that almost nine million South Africans were victims of cybercrime in the last year. So how safe are our South African banks?
Will you afford retirement?
We look at how people can get saving for retirement.
NCR exposes Northern Cape credit providers
Last month saw the National Credit Regulator (NCR) conduct raids in parts of the Northern Cape to expose credit providers who were in breach of the National Credit Act (NCA).
SAPO to establish new bank
The South African Post Office (SAPO) has now been granted authorisation by the SA Reserve Bank (SARB) to establish its own bank.
Moves to cap predatory garnishing orders
While most countries boast a limitation on the percentage or amount that creditors can garnish from your account, South Africa currently has no limit in place.