The Banking Association South Africa

News

Land Reform Op-ed

The property market and economic growth generally will be severely affected by expropriation of land without compensation, or at below market value, or outside of the law, the Constitution and the courts.

Loan Pricing From a Commercial Bank

Banks are profit-orientated businesses which strive to provide both investors and shareholders alike with a reasonable return on their money.

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.

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.

Tips to Empower Bank Clients

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.

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.

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.

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.

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.