• strategy

    Black Junior Managers in Banks Rising

    Black ownership in banks has waned as empowerment deals matured, while the number of black junior managers had jumped to 84percent in 2017. These are some of the findings contained in the Banking Association of South Africa (Basa) report on the transformation of the banking sector released yesterday.
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  •  Basel Committee on Banking Supervision

    Black Bank Ownership Drops as Empowerment Deals Mature

    Black ownership in banks dropped from 34.8% to 30.5% between 2016 and 2017, but still exceeded the target of 25% in terms of the Financial Sector Code (FSC).
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  • tito mboweni

    Does this year's Budget Meet Expectation? Discover the Banking Association's Thoughts.

    The Banking Association South Africa assesses the budget on three priorities which are important to the health of the industry and its ability to facilitate inclusive economic growth and social development in South Africa.
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  • President Cyril Ramaphosa SONA

    BASA Welcome State of the Nation Address 2019

    The Banking Association South Africa welcomes the State of the Nation Address as a firm statement of intent on South Africa’s national priorities and policy direction
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  • banking rapid risk assess guide

    Ground-Breaking Guide Launched in South Africa to Empower Banks to Assess Natural Capital Risk

    Natural Capital Finance Alliance (NCFA) has showcased the world’s first step-by-step guide to help banks conduct a rapid natural capital risk assessment. The guide is produced in collaboration with global audit firm PricewaterhouseCoopers.
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  • 1500x500-1E0KQGR

    Ministry of Public Enterprises Meeting BASA Board and ASISA Representatives

    Ministry of Public Enterprises Meeting BASA Board and ASISA Representatives about the operational performance of and financing requirements for State-Owned Companies (SOC’s).
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  • GDP Q3 2018

    Gross Domestic Product - Third Quarter 2018

    Real gross domestic product (measured by production) increased by 2,2% in the third quarter of 2018, following a decrease of 0,4% in the second quarter of 2018.
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  • South-African-Reserve-Bank

    Statement of the Monetary Policy Committee

    Since the previous meeting of the Monetary Policy Committee (MPC), the near-term inflation outlook has improved, however, the longer term risks to the inflation outlook remain elevated. The weaker exchange rate and the impact of higher oil prices have contributed to increasing inflation since March 2018. At the same time, domestic growth remains weak.
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  • South African Farm Land Value

    We Urge Expedite Crisp, Clear Expropriation Policy and Legislative Frameworks

    The Banking Association South Africa (BASA) acknowledges the decision of the Constitutional Review Committee to recommend that Section 25 of the constitution – the property rights clause – be amended to explicitly provide for the expropriation of land without compensation.
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  • 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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