The Banking Association South Africa

News

Climate Risk Forum Webinar

The session is scheduled for 30 March, 11:15 to 12:45, details included on the invite. Registration Link: Climate Risk Forum Webinar Registration

Covid-19 Loan Update March

As of 27 February 2021, R18,01 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme. In the preceding two weeks, participating banks received only 258 applications for loans, of which 61, to the value of R54 million, were approved.

The National Budget 2021

With his budget announcement today, the Minister of Finance, Tito Mboweni, had to put the country’s finances on the road to recovery, create conditions to boost inclusive economic growth and job creation, and restore business and investor confidence.

Expropriation Bill No. 23, 2020

January Loan Scheme Update

As of 16 January 2021, R17,84 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme.

ATM Hygiene Measures

South African banks are committed to creating a safe environment for their customers to transact and will continue to implement practical measures aimed at preventing the spread of Covid-19 at automated teller machines (ATMs).

Dec Loan Scheme Update

As at 21 November 2020, banks had approved R17,49 billion in loans to small businesses under the Covid-19 Loan Guarantee Scheme. The scheme is a partnership between participating commercial banks, the National Treasury and the South African Reserve Bank (SARB)

Banks Hit By Downgrade

The credit ratings of SA banks will be downgraded after the decision by three investor services agencies to downgrade the country’s credit risk rating. As banks depend on the health of the economy as a whole for sustainable business and are among the largest holders of sovereign bonds, their credit ratings are never higher than that of their country.

CoFI Bill Submissions

BASA expresses our gratitude for allowing us additional time to compile a submission which is representative of the views and inputs of our members. As you know some of our members are also conglomerates, therefore our comments are not limited to “banking” only.

Cheques Are No Longer Valid

The South African Reserve Bank (SARB), Financial Sector Conduct Authority (FSCA), Payments Association of South Africa (PASA) and the Banking Association South Africa (BASA) are jointly communicating to the public that the issuing and the acceptance/collection of cheques will cease, effective from 31 December 2020.