The Banking Association South Africa

News

FSL AMENDMENT BILL [B15B-2020]

While reviewing the FSLAB we have unfortunately picked up what we consider to be a drafting oversight that was not immediately obvious. We do not believe that this issue means that the legislator differs from a substantive point of view and instead consider the issue to be relatively easily rectifiable.

Sustainable Finance Conference 2021

The association is hosting the Sustainable Finance Conference 2021 to highlight the role of the financial services industry in supporting sustainable development in South Africa. The conference will focus on sustainable social and environmental development, as well as the outcomes of the 2021 United Nations Climate Change Conference (COP26).

Financial Relief July 2021 Unrest

In the wake of the July 2021 unrest in KwaZulu-Natal and Gauteng, which damaged banks and other businesses and economic infrastructure, banks granted financial relief worth R246,7 million on 15 009 credit agreements as of 09 October 2021.

Business Loss Reg Extension

The Business Loss Registration Portal was created for business owners to register physical property damage and loss of stock incurred in unrest affected areas between the 9th and 19th of July 2021.

SABRIC Annual Crime Stats 2020

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its annual crime stats for 2020. COVID-19, in conjunction with the implementation of regulations of the Disaster Management Act had a notable influence on financial crime trends in 2020.

Automated Teller Machines Fees

To assist social grant recipients and those who live in areas where Automated Teller Machines (ATMs) and branches had been destroyed, bank customers have been able to use any ATM, including those not operated by their own bank, without incurring additional charges. Subsequently, from 01 October charges for using ATMs not operated by a customer’s bank, will be re-instated.

Bank Infrastructure Recovery

Banks and their partners worked together to ensure that there were mobile automatic teller machines (ATMs) and cashpoints even in those areas where banking and retail infrastructure had been completely devastated.

Update: Business & Economic Recovery

Banks are ready and able to assist with the payment of social security grants and salaries at the end of the month, despite the extensive damage to the infrastructure of banks in KwaZulu-Natal and parts of Gauteng in the recent unrest.

Update: Business & Economic Recovery

The recent violence and unrest caused extensive damage to the infrastructure of banks in KwaZulu-Natal and parts of Gauteng. The work of rebuilding and repair will take time, but with some branches and ATMs now back in service, South African banks are turning their attention to supporting customers whose businesses were disrupted. Banks will remain a part of those communities where their customers live and work.

Never Use Dye-Stained Notes

The people of South Africa are cautioned against accepting these dye-stained notes as legal tender as the onward use and value of these notes will not be honored.