South Africa banking News

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...