Financial Crime Partnership

Monday, 9 December 2019 saw the launch of South Africa’s first public-private partnership, between the banking sector and government regulatory authorities, aimed at enhancing collaboration and co-ordination in combating financial crime, money laundering and terrorist financing.

Read More

Festive Season Awareness

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry would like to share the tactics that criminals are using to defraud people this Festive Season, to ensure that they are aware of how to protect their hard-earned cash.

Read More

Tips to Empower Bank Clients

Read More

Debt Relief Consequences

The National Credit Amendment (NCA) comes as some lenders make healthy profits on loans while many of the country's poorest people spend huge chunks of their income on repayments. It could see some South Africans have their debts suspended or wiped entirely, and force more responsible lending. This could be good news for many who, like Rivele, are stuck in debt traps. However, a number of big banks told Reuters that the new rules, and the potential risks entailed for lenders, meant they had or would cut back on lending to those low-income customers who might qualify for relief in future.

Read More

Moody’s Outlook Negative

South Africa has been spared a credit rating downgrade, despite an economic environment that is not conducive to investment, inclusive growth or job creation.

Read More

BUSA MTBPS Statement

The Medium-Term Budget Policy Statement (MTBPS) provided further evidence of the need for urgent economic reforms to reduce state expenditure and accelerate inclusive economic growth.

Read More

SA’s Anti-Money Laundering

The world’s money-laundering policemen are in SA to evaluate this country’s compliance with global standards and the results could be damning. There are literally billions at stake.

Read More

Business Urges Economic Reforms

Johannesburg - Big business has called on President Cyril Ramaphosa to act urgently and implement short- and medium-term reforms and prioritise growth-enhancing policies to kickstart the economy.

Read More

SASBO Protest

Banks will be operating as usual on the day. However, in case of any unavoidable disruptions at branches, bank customers should as far as possible make use of digital banking services. Banks will be carefully monitoring the situation to ensure the safety of their customers and staff.

Read More

Banking Summit 2019 – Cas Coovadia

2019 will have its own share of challenges, which the sector will need to tackle with the inauguration of a new President and cabinet. We therefore recommend the topic for the 2019 Banking Summit to be along the lines “The Economy, Social Cohesion and the Banking Sector”.

Read More