South Africa banking News
Latest articles and news about South Africa banking on AXL Media.
Latest Articles
- Remgro Finalises FirstRand Exit with R3.6 Billion Share Disposal to Bolster Strategic Cash Reserves
Published: Apr 22, 2026
Section: Africa
Remgro, the investment vehicle chaired by South Africa’s wealthiest individual Johann Rupert, has concluded its divestment from FirstRand. The group sold its remaining 1.64% stake...
- GoTyme Bank Scales South African Footprint Toward 100 Mall Hubs After Pick n Pay Exit
Published: Apr 22, 2026
Section: Africa
GoTyme Bank is launching 100 customer hubs in major South African shopping malls following its strategic withdrawal from retail kiosks. The expansion aims to blend digital efficien...
- Capitec Deploys Real Time AI Protection Tool After Blocking R642 Million In Fraudulent Transactions
Published: Apr 18, 2026
Section: Africa
Capitec has launched a proactive fraud prevention feature within its banking app to identify and pause high risk payments before funds exit accounts. The strategic rollout follows...
- Pepkor Holdings Appoints Merwe Scholtz to Lead Strategic Launch of Independent South African Digital Bank by 2027
Published: Apr 2, 2026
Section: Banking & Finance
Pepkor Holdings Ltd., Africa’s largest clothing and mobile retailer, has officially announced its entry into the South African banking sector, targeting a 2027 launch. Led by newly...
- Standard Bank Denies Viral Allegations of Gunman Intimidation and Fraud Over Historic Luxury Vehicle Financing Dispute
Published: Mar 29, 2026
Section: Africa
Standard Bank has issued a formal rebuttal against social media claims alleging that the institution employed armed men to harass a client and their family. The bank characterized...
- Capitec Rapidly Scales Smart ID Services to 47 Branches Nationwide Following Historic Department of Home Affairs Integration
Published: Mar 29, 2026
Section: Africa
Capitec has achieved the widest geographic reach for digital identity services in South Africa, activating 40 new Smart ID locations across all nine provinces this month. The rapid...
- FirstRand Provisionally Reserves R5.8 Billion For UK Motor Finance Litigation Despite Strong Interim Earnings Growth
Published: Mar 5, 2026
Section: Africa
FirstRand, the parent company of FNB, has set aside approximately R5.8 billion (£240 million) to cover potential compensation claims involving its UK motor finance business, MotoNo...
- Discovery Bank Enhances International Travel Ecosystem with Multi Currency Cards and Expanded Airport Lounge Access
Published: Feb 17, 2026
Section: Banking & Finance
Discovery Bank has introduced significant updates to its travel offering, providing users with enhanced multi currency capabilities and broader access to global airport lounges. Th...