News
Bank Home Loans Statement
Every bank has its own business and risk criteria for extending home loans and other forms of credit – race is certainly not one of them. South Africa’s banks hold in trust the savings and salaries of South African workers, professionals and businesses. This makes up approximately 75% of the funding of banks and they have a fiduciary responsibility to protect these depositors’ funds.
Read MoreSolar Loan Deadline Looming
In the past year, at least three banks launched loans with low interest rates that form part of the national government’s Energy Bounce-Back (EBB) Loan Guarantee Scheme.
Read MoreNational Treasury and Financial Sector Conduct Authority Launch Money Smart Week South Africa 2024
National Treasury and Financial Sector Conduct Authority Launch Money Smart Week South Africa 2024. The National Treasury and the Financial Sector Conduct Authority (FSCA) invite South Africans to the virtual launch of Money Smart Week South Africa 2024 (MSWSA 2024) under the theme “Protect your money, secure your future.”
Read MoreGovernment of National Unity
The re-appointment of Enoch Godongwana, as Minister of Finance, and David Masondo as Deputy Minister of Finance, is an important signal that the Government of National Unity will continue to implement fiscal policies aimed at maintaining responsible, sustainable spending on social and economic infrastructure and reducing national debt.
Read MoreBUSA 2024 Election Results
South Africa has just gone through its most significant elections, since our first democratic elections in 1994. More than 16 million South Africans have expressed their aspirations and sent a clear message that they do not trust any single political party to govern alone.
Read MoreInsights from SSFF 2024
The forum highlighted the collaborative efforts between BASA and IFC under the auspices of the 30by30 Zero Program. This initiative, funded by the Federal Republic of Germany, aims to bolster climate risk assessment, mitigation, and adaptation practices among financial institutions in South Africa. The primary goal is to promote investments in green and climate-friendly sectors, thereby aiding South Africa in fulfilling its commitments under the Paris Climate Agreement and the National Development Plan.
Read MoreWelcome Speech: SSFF 2024
In the words of Mariana Mazzucato, " It is time to raise our ambition and move from being reactive to proactive, from filling financing gaps to shaping a just, green future.". My hope is for this forum to embody this proactive spirit.
Read MoreNFO Appoints Head Ombud
The appointment of the first Head Ombud of the National Financial Ombud Scheme (NFO), Reana Steyn, is significant progress in ongoing efforts to ensure that South Africa’s banking and financial system treats customers fairly.
Read MoreCorporation for Deposit Insurance
The Corporation for Deposit Insurance (CODI) ensures the safety of bank deposits, strengthens the resilience of the banking system and will increase customer trust and confidence in banks.
Read MoreBanking on Ethics Keynote
I have been asked to talk about the role of regulation and enforcement in ensuring ethical conduct, and to offer a regulator’s perspective on the importance of ethics in banking.
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