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STANDARD BANK APPOINTS LUNGISA FUZILE AS CEOThe appointment of Lungisa Fuzile as CEO of Standard Bank South Africa imparts additional strong leadership and world-class credentials to …
S&P DOWNGRADES SOUTH AFRICA’S LONG-TERM LOCAL AND FOREIGN CURRENCY RATING25 November 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA The decision by S&P to downgrade …
FITCH TO LEAVE THE SOUTH AFRICAN CREDIT RATINGS UNCHANGED24 November 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA We welcome the decision by Fitch …
BASA OPINION PARLIAMENT DEBATE – NATIONALISATION OF BANKS07 November 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA The debate in parliament regarding nationalisation …
POSITIVITY AMID STUDENT PROTESTS AND VIOLENCEAS we despair at the sight of our flag being burnt, students again taking to the streets, the state dysfunctional …
MEDIUM-TERM BUDGET STATEMENT – ECONOMY IN TROUBLEThe South African economy is in serious trouble. This was confirmed in Finance Minister Malusi Gigaba’s Medium-Term Budget Policy Statement, …
2017 SUB-SAHARAN AFRICAN CENTRAL BANK GOVERNOR OF THE YEARWe welcome the news that South African Reserve Bank (SARB) governor Lesetja Kganyago has been named Central Bank Governor of …
MEDIUM-TERM BUDGET STATEMENTThe Medium-Term Budget Statement (MTBS) due to be tabled on 25 October is yet another opportunity for government to fill …
SOUTH AFRICA SLIDES DOWN WEF RANKINGS – OCTOBER 201712 October 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA South Africa’s slide down the rankings …
THE FINANCIAL SECTOR’S ROLE IN ECONOMIC TRANSFORMATIONThe Banking Association Summits are held annually. Each summit is based on a current theme of importance to the banking …
MOODY’S RATINGS NEGATIVE OUTLOOK FOR SA – SEPTEMBER 201711 September 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA We note the decision by the Moody’s …
NEW HOME OWNERS NOT LIABLE FOR HISTORICAL DEBT – SEPT 201729th September 2017 We welcome today’s Constitutional Court ruling in the case of Jordaan vs Tshwane CCT, that the charge …
Islamic Financial Service Products Grew in 2019The value of Islamic financial services products grew strongly in 2019, with the deposits reaching R35 billion (2018: R23 billion) …
COVID-19 Loan Scheme Q&AAs a result of the novel coronavirus and the steps taken to curb its spread, many businesses face a significant …
PRESIDENT SIGNS IN FINANCIAL SECTOR REGULATION ACT OF 2017We welcome the President’s signing into law of the Financial Sector Regulation Act of 2017. The banking industry fully supported …
Loan Guarantee Scheme OpensThe Covid-19 loan guarantee scheme announced by President Cyril Ramaphosa in April will operate from today, 12 May 2020. The …
OAKBAY RULING RESPONSE – COMMERCIAL DISPUTE – AUGUST 201718 August 2017 The ruling by the High Court in Pretoria that the Minister of Finance is not legally obliged …
FUTURE FOR SOUTH AFRICA’S NATIONAL DEVELOPMENT PLAN (NDP)By Khulekani Mathe August 15 marks five years since South Africa’s National Development Plan (NDP) was adopted in parliament. It …
MOODY’S RATINGS DECISION GIVES SA TIME TO IMPLEMENT ECONOMIC REFORMSThe decision by Moody’s ratings agency not to review South Africa’s credit rating gives the country breathing room to fix …
SA JUNK STATUS – TRIPLE SOVEREIGN RATINGS DOWNGRADEThis has been the year when awareness of the credit ratings industry entered the mainstream in South African popular culture. …
VBS MUTUAL BANK MEMBERSHIP SUSPENDEDThe Banking Association South Africa (BASA) has suspended the membership of VBS Mutual Bank, pending the outcome of the investigations …
BANKING ON GOOD GOVERNANCEILLOVO – The annual BASA Banking Summit brought big names in finance to talk about governance, inclusion and growth. Learners …
BASA SUPPORTS THE INDEPENDENCE OF THE SA RESERVE BANKThe Banking Association South Africa notes the recent statements around the South African Reserve Bank made during the African National …
SA BANKS TOP RANK – LAFFERTY’S GLOBAL BANK QUALITY SURVEYSa Banks Top Rankings In Lafferty’s Global Bank Quality Benchmarking Survey The Banking Association South Africa welcomes the news that …
STATEMENT ON PRIVACY IN BANKING SECTOR – JUNE 201727 June 2017 Efforts to undermine the constitutional right to privacy of key executives in the South African banking sector …
FINANCIAL SECTOR REGULATION BILL NEWS ARTICLE – JUNE 201722 June 2017 STATEMENT BY THE MD OF THE BANKING ASSOCIATION SOUTH AFRICA, CAS COOVADIA We welcome today’s passing of …
STATEMENT PUBLIC PROTECTOR & SA RESERVE BANK – 201720 June 2017 Comments by the Public Protector relating to the mandate of the SA Reserve Bank are particularly alarming. …
April Update: Debt Relief for CustomersIn the two weeks between 25 April to 09 May 2020, Banking Association South Africa (BASA) members extended an additional …
MOODY’S DOWNGRADES SOUTH AFRICA’S FIVE MAJOR BANKS13 June 2017 STATEMENT FROM MD OF THE BANKING ASSOCIATION SOUTH AFRICA, CAS COOVADIA   The recent credit-rating downgrades of …
ECONOMIC TRANSFORMATION (ET) AND STRATEGY AND TACTICS (S&T)12 June 2017 MEDIA ADVISORY FROM CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA The Banking Association South Africa …
MOODY’S KEEP SA SOVEREIGN RATINGS ABOVE SUB-INVESTMENT GRADE10 June 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA We welcome the decision by Moody’s …
SA’S NEW NATIONAL TREASURY DIRECTOR GENERAL – JUNE 20178 June 2017 The Banking Association South Africa welcomes the appointment of Dondo Mogajane as Director General of National Treasury. …
May Debt Relief UpdateIn the two weeks between 09 May and 23 May 2020, Banking Association South Africa (BASA) members extended an additional …
SARB AND NATIONAL TREASURY PROPOSE DEPOSIT INSURANCE SCHEME01 June 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA We have been engaged with the …
The Fifth CYFI SummitThe Fifth Child and Youth Finance International Summit – to be held under the banner of “Economic Citizenship and Employment: …
IMPACTS ON GLOBAL FINANCIAL MARKETS AND BANK REGULATIONby Timothy E. Keehan Timothy E. Keehan is Vice President & Senior Counsel at the American Bankers Association in Washington, …
SABRIC Welcomes New CEOThe South African Banking Risk Information Centre (SABRIC) is delighted to welcome Nischal Mewalall, who today starts his tenure as …
S&P GLOBAL NATIONAL RATING SCALE CALIBRATION NEEDS ATTENTION25 April 2017 The Managing Director S&P Global South Africa 2 nd Floor, 30 Jellicoe Avenue Rosebank, 2196 Attention: Mr …
FITCH DOWNGRADES SA SOVEREIGN RATING TO SUB-INVEST GRADE7 April 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION OF SOUTH AFRICA The downgrading by Fitch, of …
RAMAPHOSA ANNOUNCES SMALLER CABINETThe announcement of a smaller cabinet and performance agreements for the new ministers is an important commitment by President Cyril …
SA BANKS MEET WITH NEW FINANCE MINISTER – APRIL 2017STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION OF SOUTH AFRICA The leaders of South Africa’s banks this afternoon …
STANDARD & POORS DOWNGRADE SA TO JUNK STATUS – APRIL 20174 April 2017 STATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION OF SOUTH AFRICA Yesterday’s announcement by Standard & …
BASA OBJECTS TO THE REMOVAL OF THE FINANCE MINISTERStatement By Cas Coovadia, MD of The Banking Association South Africa The vacuum of leadership caused by the announcement of …
SA’s Anti-Money LaunderingSA’s Anti-Money Laundering Measures Under Global Spotlight The world’s money-laundering policemen are in SA to evaluate this country’s compliance with …
Covid-19 Loan Guarantee SchemeThe Covid-19 Loan Guarantee Scheme and debt relief for bank customers South African banks have approved just over R7 billion …
BANKING INDUSTRY INDUSTRIAL DEVELOPMENT PRESENTATION – 2011The passing of Ahmed Kathrada is a sad day for our whole country. While we come together to remember Uncle …
Sabric Annual Crime Stats 2019SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its annual crime stats …
MEDIUM TERM BUDGET POLICY STATEMENT – PARLIAMENT 2016South Africans urged to help expedite the change and growth that the country needs, writes Penny Haw. South Africans need …
Supplementary Budget June 2020Statement on the June 2020 Supplementary Budget During his supplementary budget speech, the Minister of Finance, Tito Mboweni, called on …
EDWARD KIESWETTER APPOINTED TO RESTORE CREDIBILITY, INTEGRITY AND OPERATIONAL EFFICIENCY OF SARSThe restoration of the credibility, integrity and operational efficiency of the South African Revenue Service (Sars) is essential to the …
SONA 2017 – TRANSFORMING AND GROWING THE ECONOMY7 February 2017 This SONA is delivered in the year Oliver Reginald Tambo would have turned 100 years old! Oliver …
BUSA MTBPS StatementThe Medium-Term Budget Policy Statement (MTBPS) provided further evidence of the need for urgent economic reforms to reduce state expenditure …
PRESIDENT’S REFERRAL OF FICA BILL – PARLIAMENT JANUARY 2017News Release January 2017 Banking Association South Africa (BASA) appeared before Parliament’s Standing Committee on Finance on 25th January 2017. …
Tips to prevent Card Not Present (CNP) Fraud  Tips to prevent Card Not Present (CNP) Fraud   Personal information includes identity documents, driver’s licenses, passports, addresses and …
BANKER SA – PRESIDENT ZUMA REMOVES FINANCE MINISTERThis edition of Banker SA marks the end of a tumultuous year in South Africa. The seminal year was actually …
NPA WITHDRAWS CHARGES AGAINST MINISTER OF FINANCE, GORDHANNEWS RELEASE The Banking Association South Africa (BASA) notes today’s decision by the National Prosecuting Authority to withdraw the charges …
2016 MEDIUM TERM BUDGET POLICY STATEMENT – PRAVIN GORDHANNEWS RELEASE The Banking Association South Africa (BASA) welcomes the Medium Term Budget Policy Statement (MTBPS) tabled by the Minister …
Moody’s Outlook NegativeSouth Africa has been spared a credit rating downgrade, despite an economic environment that is not conducive to investment, inclusive …
ALLEGATIONS REGARDING THE MINISTER OF FINANCE – AUGUST 2016MEDIA STATEMENT 24 August 2016 The Banking Association South Africa (BASA) is extremely concerned around the events regarding the Minister …
HOW SA AVERTED THE CREDIT DOWNGRADE – WITH CAS COOVADIAJoin us as our guest of honour, Cas Coovadia, (Managing Director of the Banking Association of South Africa) shares his …
S&P’S SOUTH AFRICAN SOVEREIGN RATING AND OUTLOOK – JUNE 2016 MEDIA STATEMENT S&P’s review of South African sovereign rating and outlook The Banking Association South Africa (BASA) welcomes the outcome …
BASA 1ST AFRICAN BANKING INDUSTRY ASSOCIATION TO JOIN UNEP FI27 May 2016 Joint Media Statement: The Banking Association South Africa and UNEP FI  BASA signs agreement to join UNEP …
June Debt Relief UpdateSouth African banks have so far approved more than R30,6 billion in relief to individuals and businesses affected by the …
MOODY’S REVIEW OF SOUTH AFRICAN SOVEREIGN RATING – MAY 20169 May 2016 Media Statement The Banking Association South Africa (BASA) commends the collective efforts by Government, business and labour, …
BLACK JUNIOR MANAGERS IN BANKS RISINGby DINEO FAKU on IOL JOHANNESBURG – Black ownership in banks has waned as empowerment deals matured, while the number of …
WITHDRAWAL OF INDIVIDUAL BANKING SERVICES FROM OAKBAY INVESTMENTSMEDIA STATEMENT 14 April Withdrawal of banking services by individual banks from Oakbay Investments There has been substantial speculation in …
Debt Relief ConsequencesSolani Rivele, a single mother of four, earns about R800 a week but owes 100 times that amount in loans. …
SOCIAL, FINANCIAL AND ENTREPRENEURSHIP SEMINAR FOR KIDS“Kuzobe kujuluka usimende lapho besina bededelana ongqondongqondo nochwepheshe abagxile kwezemfundo yezomnotho nezamabhizinisi entsha yakuleli leAfrica, eTshwane, eNhloko-dolobha leZombuso ekupheleni kwaleliviki.” …
NEWS – CONSTITUTIONAL COURT JUDGEMENT PUBLIC PROTECTORThe Banking Association South Africa commends and notes with serious concern the implications of the judgement handed down by the …
OPENING A YOUTH BANK ACCOUNT & BANK ACCOUNT BENEFITSOne of the greatest milestones in a child’s path to financial literacy is opening a bank account. That first bank …
BASA MEDIA STATEMENT – ANC NEC RESOLUTIONS – MARCH 2016The Banking Association South Africa (The Banking Association) notes the resolutions of the African National Congress (ANC) National Executive Committee …
Festive Season AwarenessSABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry would like to share the tactics …
NEWS – FINANCE MINISTER MCEBISI JONAS COMES FORWARDThe Banking Association South Africa (The Banking Association) “commends Deputy Finance Minister, Mcebisi Jonas for publicly coming forward on being …
TIPS TO SAFEGUARD YOUR MONEY FROM PONZI & PYRAMID SCHEMESPonzi and Pyramid Schemes have no barriers and cut across all racial, educational and economic structures. The common feature of …
AFLOUTAN DAY 2016 – MANAGING MONEY – STAYING OUT OF DEBTAFLATOUN DAY 2016 Thursday, 17 March 2016 Aflatoun Day (Thursday, 17 March) is the culmination of Global Money Week which …
Tips to Empower Bank ClientsConfidential and personal information Do’s: Use strong passwords for all your accounts. Change your password regularly and never share them …
GLOBAL MONEY WEEK – 2016GLOBAL MONEY WEEK 14 – 20 March 2016 THEME: ‘Take Part. Save Smart!’ 1. WHAT Global Money Week (GMW) is …
SA BUSINESS WORKING WITH GOVERNMENT TO STRENGTHEN ECONOMYBusiness Undertakes to Partner with Government to Accelerate Growth in SA   Press Release Wednesday, 24 February 2016 Ahead of …
NEWS RELEASE BUDGET SPEECH 2016 BY PRAVIN GORDHAN2016 Budget Speech Check against delivery   Pravin Gordhan Minister of Finance   24 February 2016 ISBN: 978-0-621-44246-5 RP: 17/2016 …
Financial Crime PartnershipTuesday, 10 December 2019: Monday, 9 December 2019 saw the launch of South Africa’s first public private partnership, between the …
Kganyago Re-appointed as Governor SARBSTATEMENT BY THE BANKING ASSOCIATION SOUTH AFRICA The announcement of the re-appointment of Lesetja Kganyago as Governor of the South …
Loan Pricing From a Commercial BankBy Pierre Venter Banks contribute positively to society by enabling simple, safe and efficient management of money. Banks are profit-orientated …
BLACK BANK OWNERSHIP DROPS AS EMPOWERMENT DEALS MATUREBut still exceeds Financial Sector Code’s target – report. By Ingé Lamprecht on Money Web Black ownership in banks dropped from 34.8% …
Regulation for Big TechHOW SHOULD REGULATION ADAPT AS BIG TECH INCREASINGLY ENTERS BANKING? The International Banking Federation (IBFed) and Oliver Wyman published their …
DOES THIS YEAR’S BUDGET MEET EXPECTATION? DISCOVER THE BANKING ASSOCIATION’S THOUGHTS.The Banking Association South Africa assesses the budget on three priorities which are important to the health of the industry …
COVID-19 Loan Guarantee UpdateUpdate on COVID-19 Loan Guarantee Scheme The Covid-19 Loan Guarantee Scheme was set up to help ease some pressure off …
COVID-19 Loan Guarantee FAQAnswering Your Questions About the COVID-19 Loan Guarantee Scheme The Covid-19 Loan Guarantee Scheme provides loans, substantially guaranteed by government, …
BASA WELCOME STATE OF THE NATION ADDRESS 2019The Banking Association South Africa welcomes the State of the Nation Address as a firm statement of intent on South …
Land Reform Op-edThe property market and economic growth generally will be severely affected by expropriation of land without compensation, or at below …
GROUND-BREAKING GUIDE LAUNCHED IN SOUTH AFRICA TO EMPOWER BANKS TO ASSESS NATURAL CAPITAL RISKNew step-by-step guide from Natural Capital Finance Alliance, produced in collaboration with PwC, explains how banks can rapidly assess risk …
HOW TECHNOLOGY IS CHANGING THE WAY WE RELATE TO ONE ANOTHERIt goes without saying that digital is changing the way the world lives. Before now, technology merely improved the way …
Passwords, Malware and Why Banks Aren’t the Bad GuysAlmost everyone in South Africa knows the frustrations that can come with banking. However, South African Banking Risk Information Centre …
Tips to Prevent Phishing and Vishing PhishingTips to Prevent Phishing and Vishing Phishing: Do not click on links or icons in unsolicited e-mails. Do not reply …
BASA MEDIA RELEASE HIGHLIGHTS POINTS FROM SONA – 2016MEDIA RELEASE Response to the 2016 State of the Nation Address (SONA) The Banking Association South Africa (The Banking Association) …
MINISTRY OF PUBLIC ENTERPRISES MEETING BASA BOARD AND ASISA REPRESENTATIVESThe Ministers of Public Enterprises and Finance today met the leadership of the Banking Association of South Africa (BASA), CEO’s …
BASA COMMENTARY STATE OF THE NATION ADDRESS (SONA) – 2016State of the Nation Address (SONA) 2016 Ahead of the 2016 State of the Nation Address (SONA) and forthcoming Budget …
Tips for Protecting Your Personal InformationTips for Protecting Your Personal Information Don’t use the same username and password for access to banking and social media …
ECONOMIC GROWTH FOR 2016 – NEWS REPORT ON ECONOMIC OUTLOOKEconomics has gained a reputation of being a gloomy subject these past few years, and economists offering views on the outlook for …
Tips for Protecting Yourself Against Sim SwopsTips for Protecting Yourself Against Sim Swops If reception on your cell phone is lost, immediately check what the problem …
GROSS DOMESTIC PRODUCT – THIRD QUARTER 2018GDP IN THE THIRD QUARTER OF 2018 ROSE BY 2,2% Real gross domestic product (measured by production) increased by 2,2% …
FRAUD PREVENTION – Q3 2015 CREDIT CARD FRAUD STATISTICSAt the end of the third quarter of 2015, the banking industry reported an overall decrease in card fraud of …
Tips for Carrying Cash SafelyTips for Carrying Cash Safely Tips for Individuals Carry as little cash as possible. Consider the convenience of paying your …
CASH SAFETY TIPS FOR THE HOLIDAYS – PROTECT YOUR MONEYOver the holidays, many people travel to spend time with their friends and family. When traveling, you want to make …
STATEMENT OF THE MONETARY POLICY COMMITTEESouth African Reserve Bank PRESS STATEMENT 22 November 2018 Issued by Lesetja Kganyago, Governor of the South African Reserve Bank  …
SAVINGS TIPS AND BUDGETS FOR THE FESTIVE SEASONIt’s that time of the year again. Time to empty the wallet and max out the credit cards. Or is …
MINISTER OF FINANCE PRAVIN GORDHAN IS RE-APPOINTEDMEDIA RELEASE 14 December 2015 The Banking Association South Africa commends President Zuma for listening to the public and recognising …
WE URGE EXPEDITE CRISP, CLEAR EXPROPRIATION POLICY AND LEGISLATIVE FRAMEWORKSThe Banking Association South Africa (BASA) acknowledges the decision of the Constitutional Review Committee to recommend that Section 25 of …
CABINET RESHUFFLE 2015 – FIRING OF MINISTER OF FINANCEMEDIA RELEASE 10 December 2015 The sudden Cabinet reshuffle announced by President Zuma last night, removing Minister Nene as Finance …
2020 Budget PreviewIn the 2020 budget Finance Minister Tito Mboweni must set out a programme of action that will reduce South Africa’s …
Bank Support MeasuresMEETING WITH THE BANKING ASSOCIATION OF SOUTH AFRICA ON MEASURES TO SUPPORT THE ECONOMY The Minister of Finance, Mr Tito …
THE BANKING ASSOCIATION SOUTH AFRICA BANKING SUMMIT – 2015The Banking Association Summits are held annually with each summit based on a current theme of importance to the banking and/or …
Budget Speech 2020 ReviewAs Finance Minister Tito Mboweni said: “Budgets are complex, but the numbers are simple.” The crucial numbers are: a consolidated …
August Debt Relief UpdateCovid-19 Financial Relief Update Despite uncertain business conditions and a weak economy reducing demand for credit, South African banks have …
UPDATED REGULATORY COMPLIANCE GUIDANCE FOR SMESTo minimise the risk of damage to an SME, all stakeholders, employees and employers need to be kept up to …
SMALL BUSINESS TAX – WHAT YOU NEED TO KNOWSmall business owners may find themselves at a loss when it comes to tax, especially the when and – most importantly …
September Debt Relief UpdateCovid-19 Financial Relief Update There has been an increase in the rate of uptake in the Covid-19 Loan Guarantee Scheme, …
COMMENTS ON DEPARTMENT OF HUMAN SETTLEMENTS PLENARY SESSIONThe South African Department of Human Settlements (DHS) declared October – Habitat Month as the International community celebrated International Habitat …
THE BANKING ASSOCATION HOST THE INTERNATIONAL BANKING FEDERATION BOARD MEETINGThe Banking Association South Africa (BASA), hosted a board meeting of the International Banking Federation (IBFed), in Johannesburg on October …
CREDIT INDUSTRY CONSUMER EDUCATION – OFFICIAL STATEMENTJoint statement by BANKSETA and The Banking Association South Africa   National launch of consumer education material for the credit …
TOP STRATEGIES FOR SHORT TERM AND LONG TERM SAVINGSSaving money is a necessary and commendable goal, but it isn’t just about depositing your pennies into the bank. Saving …
FINANCE MINISTER’S MTBPS GETS 2 OUT OF 3Ahead of the Medium Term Budget Policy Statement (MTBPS), the Banking Association South Africa indicated the new Minister of Finance, …
IN 2010 BRICS WAS ESTABLISHED INCLUDING SOUTH AFRICAHistory of BRICS Brazil, Russia, India, China and South Africa established a collaborative structure, named “BRICS,” in 2010, when South …
NCA Amendment ActThe signing into law of the National Credit Amendment Act (NCA) by President Cyril Ramaphosa is of extreme concern to …
Islamic Finance Update JuneIslamic Finance update The value of Islamic financial services products grew strongly in the period to June 2020, with the …
2018 MEDIUM TERM BUDGET SPEECHMadam Speaker In A Tale of Two Cities, Charles Dickens opens with: “It was the best of times, it was …
HOW TO APPLY FOR YOUR SOUTH AFRICAN SMART ID CARD AT YOUR LOCAL BANKThe Department of Home Affairs launched its Smart ID pilot programme with FNB and Standard Bank on 30 September. Employees of the …
Credit Bill Means People Might Escape Repaying Their Debt, Banking Group WarnCredit Bill Means People Might Escape Repaying Their Debt, Banking Group Warn Banks will either have to price in higher …
ANNUAL UNESCO INTERNATIONAL LITERACY DAY – SEPTEMBER 2015WHAT UNESCO International Literacy Day 2015: Theme – Literacy and Sustainable Societies WHEN Annually on the 8 September since 1966. …
SOUTH AFRICAN FARM LAND VALUELand prices in South Africa have broadly remained stable, despite some sharp declines in areas that were hit hardest by …
2019 Transformation in BankingThe 2019 Transformation in Banking Report reflects the progress the industry has made towards achieving the targets set out in …
Islamic Finance ConferenceBASA Islamic Finance Conference: Opening statement The Managing Director BASA: Bongiwe Kunene On behalf of the Banking Association South Africa …
Don’t Pin Your Hopes on Debt ReliefThe process isn’t in place yet — and write-offs aren’t available for everybody If you’re pinning your hopes on getting …
WOMEN AND FINANCE – BUDGETING BASICS FOR WOMENIt used to be that money management was considered the domain of the breadwinning male. Women would manage the household …
VBS MUTUAL BANK FORENSIC INVESTIGATION REPORTThe Banking Association South Africa (BASA) fully endorses the recommendations of the forensic investigation report into the affairs of VBS …
Covid-19 OpinionCovid-19 Opinion South African banks have done a huge amount over the last few months to support their customers and …
TITO MBOWENI APPOINTED AS MINISTER OF FINANCEThe Banking Association South Africa (BASA) welcomes the appointment of Tito Mboweni as Minister of Finance. The association worked closely …
NATIONAL TREASURY LAUNCHES TAX FREE SAVINGS ACCOUNTS (TFSA)On the 1st march 2015, South Africa’s National Treasury launched the first tax free savings accounts (TFSAs). These non-retirement, TFSAs will …
Unsustainable NCA Amendment RushedThe Banking Association SA is concerned that certain sections of the proposed new legislation concerning lending and borrowing are poorly …
PRESIDENT RAMAPHOSA ANNOUNCES ECONOMIC RECOVERY AND STIMULUS PACKAGEThe Banking Association South Africa (BASA) welcomes President Cyril Ramaphosa’s announcement of an economic recovery and stimulus package for the …
THE 4TH ANNUAL TREK4MANDELA BASA EXECUTIVE CLIMB – 2015The 4th Annual Trek4Mandela 2015 Executive Climb in support of “Keeping the Girl Child in School” initiative will take place from 14 – …
STATEMENT OF THE MONETARY POLICY COMMITTEEPRESS STATEMENT EMBARGO DELIVERY Issued by Lesetja Kganyago, Governor of the South African Reserve Bank Since the previous meeting of …
FINANCIAL LITERACY SPELLING BEE ACTIVATION MPUMALANGA – 2015PRESS RELEASE Mpumalanga learners are in for a special treat this coming Youth Month – June, when The Banking Association …
NATIONAL CREDIT REGULATOR REVIEW CREDIT AGREEMENT CHARGESA court has ordered that draft recommendations on new credit fees must be completed by the end of April. The …
Global Principles for Responsible BankingThe Banking Association South Africa (BASA) has officially endorsed the Principles for Responsible Banking, which set out the global banking …
LAND REFORM AND BANKS AMENDMENTSBanks continue to provide loans to commercial farmers, despite the uncertainty about land reform and possible amendments to Section 25 …
BANK SERVICE DEPT OF HOME AFFAIRS IN ISSUING SMART ID CARDSMEDIA RELEASE 24th April 2015 The Banking Association South Africa (The Banking Association) notes with concern the article on this …
BANKING ASSOCIATION SA AGAINST XENOPHOBIC ATTACKSMEDIA STATEMENT 16 April 2015 The Banking Association South Africa (The Banking Association), on behalf of all member banks, unequivocally …
IMPORTANCE OF UPDATING PERSONAL DETAILS FOR FICA – 2015MEDIA STATEMENT 25 March 2015 Banking industry urges customers to submit information for FICA requirements The banking industry has embarked …
BANKING ON THE ARTIFICIAL INTELLIGENCE REVOLUTIONOn April 21 1981, Standard Bank introduced 25 ATMs around Johannesburg, one of the first rollouts of ATMs by a …
THE IMPORTANCE OF FICA – INFOGRAPHIC
Banks put backups in place as sector braces for shutdownSA’s embattled economy is set to face collateral damage when finance union Sasbo embarks on a total shutdown of the …
Sep Covid-19 Relief UpdateCovid-19 Financial Relief Update As at 26 September 2020, banks had provided R49,69 billion in financial relief – R33,61 billion …
STARSAVER™ LAUNCHES FIRST FINANCIAL LITERACY SPELLING BEETeach Children to Save South Africa programme now rebranded StarSaver™ will launch FinLit Spelling Bee,the first ever spelling competition focusing on financial …
Reconstruction and RecoveryBASA’s response to the Economic Reconstruction and Recovery Plan The Economic Reconstruction and Recovery Plan (ERRP) unveiled yesterday by President …
PRAVIN GORDHAN ADDRESS AT INSTITUTE OF INTERNATIONAL FINANCEThe financial services sector in many African countries was extremely concentrated and the high costs inhibited the flow of credit, …
WOMEN’S MONTH 2013 – NEWS ARTICLE TOPICS WOMEN & SAVINGIn South Africa, the month of August is dedicated to celebrate women’s strength, determination and achievements, and to remind people …
NATIONAL CREDIT AMENDMENT BILLOver-indebtedness is a serious economic and social challenge in South Africa. The Banking Association South Africa (BASA) supports debt intervention …
LESSONS ABOUT UNSECURED LENDING TAKEN FROM MARIKANAAs contentious as it may be to make the argument that unsecured lending contributed to the unrest in the mine …
BANKS SPEAK OUT ON LAND EXPROPRIATIONSA’s commercial banks have been surprisingly mute about the expropriation without compensation debate. But as the Land Bank makes clear, …
BRICS MEMBER COUNTRIES PUSHING FOR OWN DEVELOPMENT BANKEncouraged by the growing shift in the balance of economic power between developed and emerging economies, BRICS member countries are …
SA’S ECONOMIC GROWTH MUST BE UNDERPINNED BY CITIZEN SAVINGSSouth Africans simply do not save enough – rather, we tend to spend. What is worse, credit is easy to …
BANKING NEWS – FNB LAUNCHES MOBILE CROSS-BORDER PAYMENTSFNB has enabled cross border payments to Swaziland and Lesotho via a cellphone using its Pay2Cell service. FNB’s Pay2Cell, launched …
BANKING NEWS – IMPORTANCE OF INTERFACE DESIGN FOR MOBILEAs mobile computing continues its rapid growth in both the consumer and enterprise environments, software developers are faced with a …
SABRIC: Beware Coronavirus ScamsSABRIC, the South African Banking Risk Information Centre, would like to warn bank clients that cybercriminals are exploiting the spread …
FICA AMENDMENTS IMPACT SOUTH AFRICAN ACCOUNTABLE INSTITUTIONSThe Financial Intelligence Centre Act, No 38 of 2001 (FICA) is a piece of legislation introduced in South Africa to …
SSP MANAGER SHAHEEN BUCKUSS AUDITS BANKING INDUSTRY SKILLSAccountants, economists, business analysts and investment bankers remain among the scarcest skills in the banking sector, while loan officers, National …
Banking Summit 2019 – Cas CoovadiaWelcome by BASA MD, Mr Cas Coovadia, to the 2019 Banking Summit Johannesburg 13 September 2019 Minister Tito Mboweni; Deputy …
Banking Summit 2019 – Tito MboweniBanking Association South Africa Conference TT Mboweni, MP Minister of Finance 13 September 2019 Ladies and Gentlemen, thank you for …
COVID-19 Pandemic StatementThe Banking Association South Africa (BASA) and its members are fully aware of the threat that the Covid-19 virus poses to …
2012 FINSCOPE SURVEY RESULTS – 67% SOUTH AFRICANS BANKEDFinMark Trust’s FinScope South Africa 2012 survey results show an increase of 1.3 million people in South Africa’s banked population …
Banking Summit 2019Banking Summit 2019 Speeches Read Cas Coovadia’s Welcome Speech  Read Minister of Finance of South Africa Tito Mboweni Speech Banking …
EBENEZER ESSOKA ON SA BUSINESS EXPANSION INTO AFRICABow-tie clad Ebenezer Essoka has nuance, detailed knowledge of the continent whose banking system he has helped to transform for …
COVID-19 Business Supports PresidentBusiness Supports President’s Call for Decisiveness and Solidarity Johannesburg, 24 March 2020 All South African business organisations have called on their …
BASA ENCOURAGES MARKET PARTICIPANTS TO ADOPT THE FX GLOBAL CODEThe FX Global Code is a set of principles of good practice for the foreign exchange market, which was developed …
Banking Industry Security for Credit Card Fraud PatternsThe latest figures for banking industry card fraud losses released by the South African Banking Risk Information Centre (SABRIC) show …
Banks Respond to COVID-19Banks Respond to COVID-19: Keeping Essential Banking Services Open, Protecting Our Staff and Helping Our Customers South African banks strongly …
FSCA WARNS THE PUBLIC AGAINST MRS SADIA AKBAR.The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Sadia Akbar. According to …
Moody’s Downgrades SA’s Credit RatingMoody’s Investor Services Downgrades South Africa’s Sovereign Credit Rating The decision by investor services agency Moody’s to cut South Africa’s …
Covid-19: Social Grant Charges ReducedBanks Charges Reduced for Social Grant Beneficiaries During COVID-19 Lockdown Banks will significantly reduce their charges for South African Social …
SASBO ProtestMembers of the Banking Association South Africa (BASA) are taking the necessary precautions to minimise disruption and inconvenience customers ahead …
BASA Appoints A New MDThe Banking Association South Africa Appoints a New Managing Director The Banking Association South Africa (BASA) is pleased to formally …
SARB VBS MUTUAL BANK MEDIA BRIEFINGReserve Bank Governor Lesetja Kganyago, his deputy and CEO of the Prudential Authority Kuben Naidoo are holding a briefing on …
DISCOVERY BANK BECOMES NEW MEMBERThe Banking Association South Africa welcomes its newest member Discovery Bank. The Banking Association South Africa welcomed its newest member, …
BANKS TO HELP ENSURE THE LONG-TERM SUSTAINABILITY OF SOESThe ministers of Public Enterprises and Finance, Pravin Gordhan and Nhlanhla Nene, as well as the Deputy Minister of Finance, …
TRYING TO SEE A WAY FORWARD FOR THE COUNTRY AFTER ZUMAThe Indlulamithi project takes its name from the Nguni word for giraffe, which means to  look above the trees. It …
THESE ARE THE 18 BIGGEST BANKS IN SOUTH AFRICA – INCLUDING DISCOVERYThe South African Reserve Bank (SARB) recently published its annual bank supervision report for 2017, which details the state of …
Update: Covid-19 Relief MeasuresUpdate: Covid-19 Relief Measures for Customers South African banks have moved quickly to implement wide-ranging debt-relief measures to, wherever possible, …
2017 AGM CHAIRPERSON’S REPORTCHAIRPERSON’S REPORT Annual General Meeting 2017 was a tale of two halves for the Banking Association of South Africa (BASA) …
IMPORTANCE OF BUILDING PLANSThere is a common misconception that building plans are needed only prior to the construction of a new home. Homeowners …
FIVE BANKS RANKED AMONG SA’S STRONGEST BRANDSJohannesburg – Five South African commercial banks are among the top 10 strongest brands in the country. Brand Finance, a …
Reserve Bank Interest Rate CutThe latest interest rate cut by the South African Reserve Bank (SARB) will give South African homeowners, consumers and businesses …
SASSA AND BANKING INDUSTRY TO SIGN MOUDiscussions with the South African Social Security Agency (SASSA) on using the infrastructure of South African banks to assist in …
Business Urges Economic ReformsJohannesburg – Big business has called on President Cyril Ramaphosa to act urgently and implement short- and medium-term reforms and …
MOVING TOWARDS HIGHEST HANGING FRUITSBusiness Leadership South Africa (BLSA) has developed a set of ambitious proposals to form part of its 2018 socio-economic engagement agenda …
FINANCIAL SECTOR CONDUCT AUTHORITY LAUNCHESDear valued stakeholder, THE FSCA IS HERE! We are delighted to confirm that, effective 1 April 2018; the Financial Services …
COVID-19 Call Centre NumbersBASA is an industry association which represents those banks licenced to operate in South Africa. BASA is not able to …
MOODY’S KEEPS SOUTH AFRICA RATING AT INVESTMENT GRADEThe Banking Association South Africa welcomes the decision by Moody’s to keep South Africa’s credit rating at investment grade, now …
RESERVE BANK PLACES VBS MUTUAL BANK INTO CURATORSHIPSouth African banks are entrusted with the earnings and savings of the country’s citizens. They are strictly monitored and regulated …
CABINET RESHUFFLE THE FIRST OF MANY STEPS ON THE ROAD TO ECONOMIC GROWTHThe announcement of a newly constituted cabinet must be applauded as a significant step in the President’s effort to win …
GOVERNMENT DELIVERS A BOLD BUT FAIR BUDGET, BUT WE’LL NEED TO WORK TOGETHER QUICKLY TO BOOST TRUST AND CONFIDENCE FOR SUSTAINABLE ECONOMIC GROWTHWith today’s budget, government has shown its willingness to take some of the hard decisions necessary to restore fiscal stability, …
SOUTH AFRICAN BANKS SUPPORT THE PRESIDENT AND STAND READY TO PARTNER WITH GOVERNMENT ON ISSUES OF IMPORTANCEWe join the widespread applause of the State of the Nation Address by the President of South Africa, Mr Matamela …
COVID-19 Loan Scheme for SMEsAs announced by the President, National Treasury, the South African Reserve Bank and commercial banks have jointly created a guaranteed …
WELCOME MR. PRESIDENT! WE WISH YOU AND THE COUNTRY GOOD FORTUNEWe welcome the appointment of Cyril Ramaphosa as President of South Africa. We trust that this will usher in a …
SA BANKING SYSTEM WITH SAPO TICKS ALL THE BOXES FOR SOCIAL GRANT DISTRIBUTIONThe distribution of social grants to the most vulnerable in South Africa continues to be at risk of disruption because …
THE STATE OF UNSECURED LENDING IN SAOver-indebtedness among poor South Africans places strain on families, society and the economy. Adequately managing this debt is a vital …
R200 billion Covid-19 Loan SchemeCovid-19 Loan Scheme for Small and Medium Enterprises The R200 billion Covid-19 loan scheme is the outcome of the South …
NEW ESKOM BOARD APPOINTEDThe appointment of a new board of directors for Eskom will go a long way towards rebuilding confidence in the …
LESETJA KGANYAGO APPOINTED IMF INTERNATIONAL MONETARY AND FINANCIAL COMMITTEE CHAIR19 January 2018 We welcome the appointment of South African Reserve Bank governor Lesetja Kganyago as chair of the International …
BASA SGM GRADUATES WITH PHD ON 5 DECEMBERName of Candidate: Abba Omar, Yacoob Student Number: 0501212X Degree: Doctor of Philosophy, University of Witwatersrand September 2017 Title: An …
NEWLY ELECTED ANC LEADERSHIP SHOULD FOCUS ON POLICY CERTAINTY AND SOCIAL COHESIONSTATEMENT BY CAS COOVADIA, MD OF THE BANKING ASSOCIATION SOUTH AFRICA The Banking Association welcomes the successful conclusion of the …
Debt Relief for CustomersDebt Relief Assistance for Customers South African banks are implementing debt relief measures to assist customers who are experiencing financial …
THE ANC’S 54TH NATIONAL CONFERENCEThe successful conclusion of the 2017 ANC Elective Conference over the coming days is the single most pressing national priority …