News
SABRIC Reports Significant Increase in Financial Crime Losses for 2023
The South African Banking Risk Information Centre (SABRIC) has released its Annual Crime Statistics Report for 2023, revealing a concerning rise in financial crime that has resulted in the loss of almost R3.3 billion. These crimes, which include digital fraud, card fraud, and contact crimes, continue to undermine economic growth in South Africa.
Read MoreThe African Development Bank Group, African Guarantee Fund and the South African Financial Sector Gather to Address the $5 billion access to finance Gap Faced by Women Entrepreneurs in South Africa
Johannesburg, South Africa – 15 October 2024 – The African Development Bank Group (“the Bank”) and the African Guarantee Fund (AGF), in collaboration with the Banking Association South Africa (BASA), officially launched the Affirmative Action for Women in Africa (AFAWA) Finance Series today in Sandton.
Read MoreBusiness Unity South Africa Mourns the Passing of Former Minister of Finance and Reserve Bank Governor Tito Mboweni
Johannesburg, 14 October 2024 – Business Unity South Africa (BUSA) is profoundly saddened by the passing of Tito Mboweni, former Governor of the South African Reserve Bank and esteemed Minister of Finance. Tito's contributions to South Africa's economic landscape were transformative and will be remembered for years to come.
Read MoreBanks are hunting for South Africans with these skills
South Africa’s banking landscape has seen a seismic shift over the past decade, driven largely by the rise of digital banking, and the legacy banks are hunting for South Africans with skills in technology, data analytics, and customer experience management.
Read MoreSABRIC Urges People to Be Wary of Fraudulent Investment Schemes
The South African Banking Risk Information Centre (SABRIC) urges the public to exercise extreme caution as banks report a significant rise in the involvement of bank customers in fraudulent investment schemes. These scams, which promise high returns with little to no risk, have already affected thousands of customers.
Read MoreAll the Bank Branches Where South Africans Can Get a Smart ID and Passport – With More on the Way
South Africans can get their Smart IDs and passports from 30 bank branches across South Africa, and more are likely on the way.
Read MorePhishing
Phishing emails request that users click on a link in the email which will direct users to a “spoofed” website, which is a site designed to fool users into thinking that it is legitimate to obtain, verify or update contact details or other sensitive financial information.
Read MoreBUSA on Pravin Gordhan Passing
Business Unity South Africa (BUSA) mourns the passing of Pravin Gordhan, a stalwart in South African public life and governance. His legacy, built on a foundation of activism during the anti-apartheid struggle, was cemented through his leadership as SARS Commissioner, Minister of Finance, and various other cabinet positions where he served with integrity and a commitment to transparency.
Read MoreSabric & DoJ Join Forces
Corruption in South Africa has been a significant issue, impacting various levels of government and sectors of society. It affects public trust, economic development, and overall governance.
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