The financial services sector in many African countries was extremely concentrated and the high costs inhibited the flow of credit, Finance Minister Pravin Gordhan said at the inaugural summit in Africa of the Institute of International Finance, a global association of financial institutions including banks, insurance companies and asset managers.
Read MoreIn South Africa, the month of August is dedicated to celebrate women’s strength, determination and achievements, and to remind people that the struggle for women's freedom, justice and equality continues all over the world.
Read MoreAs contentious as it may be to make the argument that unsecured lending contributed to the unrest in the mine village of Marikana in the North West province, there are some lessons that can be drawn from the incident by all stakeholders involved in unsecured lending.
Read MoreEncouraged by the growing shift in the balance of economic power between developed and emerging economies, BRICS member countries are pushing ahead for the establishment of their own development bank.
Read MoreSouth Africans simply do not save enough – rather, we tend to spend. What is worse, credit is easy to obtain, that we are often spending money we do not have.
Read MoreFNB has enabled cross border payments to Swaziland and Lesotho via a cellphone using its Pay2Cell service.
Read MoreAs mobile computing continues its rapid growth in both the consumer and enterprise environments, software developers are faced with a new challenge. Not only do they need to cater for new platforms for their applications, but also a new concept in design.
Read MoreAccountants, economists, business analysts and investment bankers remain among the scarcest skills in the banking sector, while loan officers, National Credit Act counsellors and information technology officers are in short supply in the microfinance industry.
Read MoreFinMark Trust’s FinScope South Africa 2012 survey results show an increase of 1.3 million people in South Africa’s banked population since 2011. The annual FinScope survey has measured access to financial services among South African individuals for ten years.
Read MoreBow-tie clad Ebenezer Essoka has nuance, detailed knowledge of the continent whose banking system he has helped to transform for almost three decades.
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