News

The 2026 Medium Term Budget Policy Statement

The 2026 Medium Term Budget Policy Statement (MTBPS) continues South Africa’s successful fiscal consolidation while providing cost of living relief to households and businesses. BASA welcomes the progress, but cautions that growth projections remain well short of what is required.

EWG 2026 Report on MSHT in South Africa

Cover of the Follow the Money: Two Years On report on using financial intelligence to disrupt modern slavery and human trafficking in South Africa

Financial Flows and Key Indicators Associated With Illicit Financial Flows and Trade-Based Money Laundering in South Africa

A new report on illicit financial flows and trade-based money laundering in South Africa shows risks concentrated in commodity corridors such as gold, retail payment rails and correspondent banking chains, and sets out joint public-private actions to address them.

Thought Leadership: From Identity to Interoperability: Understanding the Role of Digital ID in Cross-Border Financial Services

Trust across borders is essential to intra-African trade. This thought leadership piece explores how digital identity can make KYC more secure, effective and reusable, and why legal, regulatory and data alignment is needed for true interoperability.

Invitation For Proposal For The Appointment Of A Research Consulting Service Provider

BASA invites experienced service providers to propose research on the experiences of persons with disabilities in accessing banking products and services. The 18-month appointment will support BASA's Banking Accessibility Task Team.

Sabric Release the 2025 Annual Banking Crime Statistics Report

The South African Banking Risk Information Centre (SABRIC) is pleased to announce the publication of its 2025 Annual Banking Crime Statistics Report.

BASA Transformation Report 2025

The 2025 Transformation Report shows the 2024 performance data and compares it to three years of past data (2021–2023). It gives a complete picture of how the sector is changing in all B-BBEE areas. These areas include ownership, management control, skills development, preferential procurement, enterprise and supplier development, empowerment financing, and access to financial services.

COEFS Report Highlights the Opportunity to Build a Modern Receivables Finance Ecosystem in South Africa

The Banking Association South Africa has published a new report, Building a modern receivables finance ecosystem in South Africa, outlining the opportunity to strengthen the country’s receivables finance market and expand access to working capital for SMEs.

BASA Statement on the 2026 Budget Speech

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 building in the economy and the country.

Statement on the Prime Interest 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 to control the cost of funding in the economy, which affects the demand for goods and services, and therefore inflation. The repo rate signals the direction and magnitude of changes in interest rates that are required by SARB, to give effect to monetary policy.