Absa Corporate and Investment Banking (CIB) has established itself as a pioneer in the sustainable finance sector by securing the initial investment in its first-of-its-kind Absa Green Deposit. The Absa…
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Absa Corporate and Investment Banking (CIB) provided consulting services and funding for Infinity Power Holding’s acquisition of Lekela Power, another significant transaction in the South African energy market. Infinity Power,…
South African banks are projected to evolve in the next years, notably in terms of digital modernization and new payment options. Jan Pilbauer, CEO of BankservAfrica, stated during the inauguration…
Absa Corporate and Investment Banking (CIB) was recognised as Africa’s finest Pan-African corporate finance and investment bank at the 2023 Bonds, Loans & ESG Capital Markets Africa Awards.The bank was…
Persisting pressures in the economy hurt businesses and consumers After two months of optimistic development, the BankservAfrica Economic Transactions Index (BETI) decreased in February 2023, indicating that the country’s economic…
Capitec has announced that it has reached a significant milestone, currently banking over 20 million customers. According to the bank’s CEO, Gerrie Fourie, this solidifies the group’s position as the…
Old Mutual says it is making headway in building a new bank in South Africa, having invested R1 billion in the initiative so far. In its full-year results for the…
On Monday, March 13, 2023, the South African Reserve Bank (SARB), BankservAfrica, and the “big four” banks launched PayShap. The “big four” banks, Absa, Nedbank, FNB, and Standard Bank, introduced…
The launch of PayShap, South Africa’s first low-value, interbank, real-time digital payments service, on March 13, 2023, marks an incredible milestone. “Widely anticipated in the market and global payments community…
Nedbank CEO Mike Brown believes that South Africa’s economy can no longer afford the government’s dithering and delay in dealing with the country’s many challenges. In the bank’s financial results…
