• vbs-mutual-bank

    VBS Mutual Bank Membership Suspended

    The Banking Association South Africa (BASA) has suspended the membership of VBS Mutual Bank, pending the outcome of the investigations and legal processes related to the conduct of the bank.
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  • Andrei41banking1_77890

    Banking on Good Governance

    Learners of a number of schools in Alexandra attended the Banking Summit hosted by the Banking Association South Africa at the Wanderers Club on 8 October.
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  • IBFED cover

    The Banking Assocation Host The International Banking Federation Board Meeting

    The Banking Association South Africa (BASA), hosted a board meeting of the International Banking Federation (IBFed), in Johannesburg on October 25 and 26.
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  • Tito Mboweni

    Finance Minister’s MTBPS Gets 2 out of 3

    Ahead of the Medium Term Budget Policy Statement (MTBPS), the Banking Association South Africa indicated the new Minister of Finance, Tito Mboweni, would have to find ways to: Alleviate poverty and reduce the economic burden of vulnerable South Africans Provide a credible commitment to maintaining fiscal discipline, and Outline a quickly implementable economic-stimulus package.
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  • Tito Mboweni

    2018 Medium Term Budget Speech

    In A Tale of Two Cities, Charles Dickens opens with: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity… we were all going direct to Heaven, we were all going direct the other way...”
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  • South African Farm Land Value

    South African Farm Land Value

    Land prices in South Africa have broadly remained stable, despite some sharp declines in areas that were hit hardest by prolonged drought conditions, including districts in the Western Cape and North West province, as well as for lifestyle and game farms.
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  • vbs-mutual-bank

    VBS Mutual Bank Forensic Investigation Report

    The Banking Association South Africa (BASA) fully endorses the recommendations of the forensic investigation report into the affairs of VBS Mutual Bank (VBS), which says that the culprits behind the fraud and corruption that led to the collapse of the bank must face civil and criminal charges.
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  • tito mboweni

    Tito Mboweni Appointed as Minister of Finance

    The association worked closely with him during his tenure as Governor of the South African Reserve Bank (SARB). We are confident that he has the skills and experience to manage the fiscus and help the economy to recover, in these challenging times.
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  • 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

    SARB VBS MUTUAL BANK MEDIA BRIEFING

    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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