Banking Industry Security for Credit Card Fraud Patterns

The latest figures for banking industry card fraud losses released by the South African Banking Risk Information Centre (SABRIC) show that credit card and debit card fraud levels have decreased.

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The 2021
MTBPS

The Medium Term Budget Policy Statement (MTBPS) confirms that South Africa has had better than expected economic and revenue growth in the past year and the country can expect the budget deficit to lower in the years to 2025.

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Ubank Under Curatorship

On 16 May 2022 the Minister of Finance, in consultation with the Prudential Authority (PA),  placed Ubank Limited (Ubank) under curatorship with immediate effect. This was done to help protect Ubank’s customers and the financial services sector while the bank finds a potential investor to restore its capital position to an acceptable level as required by the PA.  

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