• President Announces Economic Recovery and Stimulus Package

    President Ramaphosa Announces Economic Recovery and Stimulus Package

    The president has put his stamp on this economic stimulus package. We hope he will ensure that those charged with delivering on his promises are held to account. Business, consumer and investor confidence cannot afford more disappointment brought on by empty promises.
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  • South-African-Reserve-Bank

    Statement of the Monetary Policy Committee​

    Since the previous meeting of the Monetary Policy Committee (MPC), risks to the inflation outlook have continued to materialise and the inflation outlook has deteriorated in response to both domestic and external developments.
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  • Land Expropriation Constitutional Review Submission

    Land Reform and Banks Amendments

    Banks continue to provide loans to commercial farmers, despite the uncertainty about land reform and possible amendments to Section 25 of the constitution. However, to be effective and sustainable, any solutions, including a possible amendment to the constitution, must provide for …
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  • AI to cut Banking Costs

    Banking on the Artificial Intelligence Revolution

    According to a Citi GPS report on the Bank of the Future released this year, globally banks are the biggest investors outside the tech space in artificial intelligence (AI).
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  • National Credit Amendment Bill

    National Credit Amendment Bill

    Over-indebtedness is a serious economic and social challenge in South Africa. The Banking Association South Africa (BASA) supports debt intervention to assist low-income consumers whose circumstance have changed for the worse, through no fault of their own, and when formal debt-counselling processes provide inadequate relief.
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  • Photo by Robin Hammond, National Geographic.

    Banks Speak out on Land Expropriation

    SA’s commercial banks have been surprisingly mute about the expropriation without compensation debate. But as the Land Bank makes clear, any ham-fisted government policy risks causing a series of dominoes to topple that could have disastrous consequences for the lenders. Here’s what experts in and around the banking sector are thinking about land ...
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  • top_logo

    FICA amendments impact South African Accountable Institutions

    The most recent FICA Amendments, most of the provisions of which came into effect on 2 October 2017, have occasioned some misgivings within the various affected industries (referred to as ‘Accountable Institutions’). Many of these reservations are based on a lack of appreciation of FICA’s international provenance.
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  • FX Global Code

    BASA Encourages Market Participants to Adopt the FX Global Code

    The FX Global Code is a set of principles of good practice for the foreign exchange market, which was developed by a partnership of central banks and market participants from around the world.
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  • Financial Sector Conduct Authority

    FSCA warns the public against Mrs Sadia Akbar.

    The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Sadia Akbar. According to the information received, Mrs Akbar purports to be an employee of an entity called Financial Service Authority.
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  • lesetja kganyago


    Reserve Bank Governor Lesetja Kganyago, his deputy and CEO of the Prudential Authority Kuben Naidoo are holding a briefing on Monday to update the public on VBS Mutual Bank.
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  • BASA Discovery

    Discovery Bank Becomes New Member

    The Banking Association South Africa welcomed its newest member, Discovery Bank, at a certificate handover ceremony at the Discovery building recently.
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  • state owned enterprise sustainability

    Banks To Help Ensure the Long-Term Sustainability of SOEs

    The ministers of Public Enterprises and Finance, Pravin Gordhan and Nhlanhla Nene, as well as the Deputy Minister of Finance, Mondli Gungubele, met with the boards of the Banking Association South Africa (BASA) and the Association for Investment and Saving SA, on Tuesday 19 June 2018.
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  • #lndlulamithi2030

    Trying to See a Way Forward for the Country After Zuma

    The conversation Indlulamithi hopes to engender is: if any of the scenarios which will be revealed on June 21 start to come to the fore, do we have the right policies and strategies to move away from undesirable scenarios and maximise the desirable ones?
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  • 18-SA-banks


    According to the report, total banking sector assets increased from R4.88 trillion in December 2016 to R5.16 trillion at the end of 2017.
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  • maria-ramos


    The year was marked by rapid legislative change, muted economic growth and political uncertainty.
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  • Importance of building plans


    It is crucial for home owners to ensure that there is an approved building plan in place for all improvements to the property and that potential home buyers ask for a copy of an approved building plans when purchasing a home.
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    Brand Finance, a business valuation and strategy consultancy company, mentioned ABSA, Capitec, FNB, Nedbank and Standard Bank among the top 10 strongest brands in its report.
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  • SA Banking System with SAPO Ticks All the Boxes for Social Grant Distribution


    Discussions with the South African Social Security Agency (SASSA) on using the infrastructure of South African banks to assist in distributing social grants are proceeding in a positive and productive spirit.
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  • business-leaderships-south-africa-generic-banner

    Moving towards highest hanging fruits

    Business Leadership South Africa (BLSA) has developed a set of ambitious proposals to form part of its 2018 socio-economic engagement agenda with social partners to help the country’s efforts towards economic recovery and inclusive growth and transformation.
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  • Twin Peaks model of financial sector regulation

    Financial Sector Conduct Authority Launches

    We are delighted to confirm that, effective 1 April 2018; the Financial Services Board has been transformed into the Financial Sector Conduct Authority - a dedicated market conduct regulator for the South African financial services sector.
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© The Banking Association South Africa 2018