News
BASA 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.
Read MoreBASA 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.
Read MoreStatement 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.
Read MoreBASA Annual Report to the Information Regulator 2025
The purpose of the Code is to:
Promote appropriate privacy practices by members of BASA governing the processing of personal information in terms of POPIA.
Encourage the establishment of appropriate processing practices between members of BASA and operators, regulating the processing of personal information as required by POPIA and dictated by good business practice.
To articulate the interpretation of POPIA by members of BASA.
Beware of Fraudulent App Downloads
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.
Read MoreQuishing Awareness: Protect Yourself From QR Code Scams!
Quishing, also known as QR code phishing, is a type of cyberattack where attackers use malicious QR codes to trick users into visiting fake websites, downloading malware, or stealing sensitive information.
Read MoreBeware! How Criminals Exploit USSD
USSD codes are convenient — but they can also be exploited by criminals to access your banking information or hijack your mobile number. Stay informed and stay secure.
Read MoreBeware: Selfie & Biometric Fraud Is on the Rise!
Criminals are using stolen selfies and biometric data to break into banking apps and steal identities. Stay alert and protect yourself.
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