Capitec and Ninety One FICA fines imposed by regulators
Capitec Ninety One FICA fines follow regulator inspections into client due diligence. What the penalties cover and what the law actually demands.
Latest in Banking
Viral News
Capital One settlement delay follows class member appeal
A Capital One settlement delay has stalled $425 million in payouts after a class member's appeal, leaving customers facing a wait of over a year.
Technology
Banking app scam epidemic grips South Africa as criminals deploy sophisticated tactics
Banking app scam epidemic hits South Africa with express kidnappings and remote trojans draining accounts. Criminals use sophisticated tactics to exploit mobile banking security vulnerabilities.
Technology
FNB under fire over Black Friday outage and Parliament money-laundering allegations
FNB faces scrutiny after a nationwide Black Friday outage and claims in Parliament that it enabled money laundering linked to an alleged bribe to Bheki Cele.
News
Why FirstRand splurged on a Dubai-based fintech company
FirstRand has acquired a 20% stake in Optasia, a Dubai-based fintech company working with MTN, Vodacom and Standard Bank in South Africa, ahead of its upcoming JSE listing.
News
More banks set to offer smart ID and passport applications
South Africa’s banks are joining the Department of Home Affairs to let people apply for smart IDs and passports at bank branches and apps, helping ease long queues.
News
You can now apply for a smart ID and passport at Capitec branches – Here’s how
South Africans can now apply for a smart ID at Capitec branches, thanks to a new partnership with the Department of Home Affairs.
News
Outage-laden Capitec Bank posts huge earnings in 2025 financial report
Capitec Bank reported a 30% surge in 2025 headline earnings as customers faced repeated app outages and executives walked away with multimillion-rand payouts.
Technology
Capitec app blackout: Here’s what the bank revealed
Capitec users across South Africa were unable to access their banking app as the bank confirmed a service outage.
Technology
Standard Bank clears the air on Monday’s system outage
In a statement, Standard Bank acknowledged the problem and apologised for the inconvenience caused to its customers.
News
Here’s what caused the Standard Bank salary delay
Some Standard Bank customers reported receiving their salaries only after 07:00, leading to widespread concerns on social media.
News
Sasfin records epic losses amid plans to delist from JSE
The company’s headline earnings took a dramatic plunge, reporting a loss of R58.68 million, a stark contrast to the profit of R112.68 million in 2023.
Technology
Capitec Bank hit by third outage this year alone: Here’s the latest
The outage, which began in the morning, disrupted mobile and online banking, with users reporting problems logging into the Capitec app and completing transactions.
Technology
FNB hit by massive outage on Friday: Here are the latest updates
The outage, which began around 12:30, led to a surge in reports of issues with FNB's services, according to live tracking data from Down Detector.
Technology
Capitec Bank goes down on Friday, 19 July 2024: Here are the latest updates
Users reported issues with mobile banking, online banking, and ATM services.
Crime
Mandisa Ndletyana: Ex-Absa Bank manager part of trio sentenced for R1m credit card fraud scam
Former Absa Bank manager Mandisa Ndletyana and two accomplices have been sentenced for orchestrating a R1 million credit card fraud scheme involving trafficked individuals.
Technology
Nedbank app is down on Friday, 15 March 2024: Here’s everything we know
On Friday, the Nedbank app went down, causing frustration among users due to interrupted online and mobile banking services.
Technology
Capitec Bank locks out users from accessing mobile banking app
Capitec Bank app users faced login failures on 29 February 2024,
News
Wesbank still mum after ex-employee exposes bank’s alleged discrimination against black clients
Wesbank is under scrutiny following accusations from a former employee and financial investigator Emerald van Zyl.
News
R42m penalty for Standard Chartered in rand price-fixing scandal
Standard Chartered agrees to a R42 million settlement in a price fixing case involving the manipulation of the rand-dollar currency pair,
News
Standard Bank clarifies genuine EFF payments amid AfriForum accusations
Standard Bank has confirmed the authenticity of documents provided by the EFF to AfriForum, related to a legal costs bill settlement.
News
Capitec focused on digital wallet competition amid concerns over system outages
Despite this focus on expanding competition in the digital payments arena, Capitec has recently faced its own challenges, with customer frustrations related to system outages and technical issues.
Technology
Capitec vanishes with user balances in yet another tech breakdown
Capitec users were rocked out of sleep when, on Tuesday, 25 April 2023, the banking app reflected zero balances.
Technology
Capitec banking app reportedly down: Here’s what we know
Capitec has yet to issue a formal statement on the problem experienced by users with their banking apps and online mobile services on Thursday.
Technology
Capitec clients lose access to accounts: Here’s what we know
Some Capitec users get insufficient fund notifications when trying to use money available in their accounts.
Lifestyle
Here’s how to send money internationally with Sikhona
With a money transfer service, you may send money in a jiffy and choose from a variety of payment alternatives.
Technology
Capitec explains cause of app login failure
Capitec customers must follow this simple troubleshooting method to fix the app login error.
Viral News
YWBN Mutual Bank loses public confidence after botched presser [video]
Nthabeleng Likotsi tried to unpack YWBN Mutual Bank's business model in a press conference that did her more harm than good.