The Minister of Finance, Enoch Godongwana, and the National Treasury have made the best possible use of a R21,3 billion tax revenue windfall: providing South Africans with some tax relief, while continuing to invest in economic infrastructure and reducing the cost of the national debt. The 2026 speech is a ‘good news’ budget, which will help increase the positive momentum
Banks offer each customer, on an individual basis, an interest rate for a loan that is quoted using prime as a reference rate. In line with monetary policy and inflation targeting, the South African Reserve Bank (SARB) makes use of the repurchase (repo) rate to influence short term interest rates in the market. This is a mechanism the SARB uses
Protect Yourself from Scams & Identity Theft Fake Apps Are on the Rise! Cybercriminals are releasing apps that look real — but are designed to steal your data, money, and identity. Signs of a Fraudulent App Poor grammar or spelling errors in the app description Unrealistic claims, features, or promises Very few reviews — or suspiciously perfect 5-star reviews Requests for unnecessary permissions
The Banking Association comprises four divisions representing different interests of the banking industry.
Promotes access to, and the use of affordable, quality and appropriate financial services and products.
Contributes to the efficient management and development of the National Payments System.
Represents South African banks at local and international authorities who regulate the industry.
Represents the banking industry regarding legislation and regulation that affects their customers.
