Tag: online banking

Individual consumers and businesses will no longer be able to cash cheques in South Africa. This follows a joint announcement by the SARB, FSCA, PASA and BASA which confirmed that the issuing and acceptance or collection of cheques will cease from 31 December 2020. 

Consumer concerns related to COVID-19 including fears of being infected by the coronavirus while attending to their banking matters and stress related to debt issues have come to our attention. In response to President Ramaphosa’s address on the measures to contain the spread of the coronavirus, we urge consumers to remain calm and to follow the stringent measures in place to protect both themselves and their families. 

The investment landscape has changed profoundly over the past decade, making it easier than ever for individuals to take control of their own investment portfolios. It’s a simple matter for nearly anyone to trade shares via their online banking platform, for example, or to access a range of funds and products from an online stockbroker or wealth management firm.

Over the past five years, Black Friday and Cyber Monday has become big business in South Africa. And we are not talking about standing in insanely long queues for toilet paper; while South Africa has not embraced the same type of discounts that the US does when Black Friday officially opens the festive shopping season, South Africans are always up for a deal and want to be first in line to take advantage of this.

SABRIC, on behalf of the banking industry has released its annual crime stats for 2018. We are concerned about some of the increases, which clearly reflect that criminals will take every opportunity to get their hands on bank customers’ money.

Small business owners who want to keep abreast of technological disruptions should make the move to cloud accounting. Not only will they save money and office space, they will be able to turn spare moments into productive minutes. Cloud accounting is ideal for small businesses, because it allows business owners to work from anywhere, at any time, as long as they have an internet connection.