News
SABRIC: Beware Coronavirus Scams
SABRIC, the South African Banking Risk Information Centre, would like to warn bank clients that cybercriminals are exploiting the spread of Coronavirus for their own gain using “Coronamania” panic to spread Coronavirus scams.
Read MoreCOVID-19 Pandemic Statement
We fully support the steps government is taking to prevent the spread of the virus, including the declaration of a national state of disaster. We stand ready to play our part, in partnership with our regulators; and business, labour, government and civil society, through the National Economic Development and Labour Council (Nedlac).
Read More2019 Transformation in Banking
The 2019 Transformation in Banking Report reflects the progress the industry has made towards achieving the targets set out in the Financial Sector Code (FSC) and its contribution to the social and economic development of South Africa and all its people.
Read MoreBudget Speech 2020 Review
Despite some helpful announcements, there is nothing in the budget that will significantly change the growth or debt figures, South Africa is likely to lose its last investment grade credit rating this year. A poor credit rating increases the cost of funding for banks which in turn increases borrowing costs for business, consumers and government and this will dampen the possibility of future economic growth.
Read More2020 Budget Preview
In the 2020 budget Finance Minister Tito Mboweni must set out a programme of action that will reduce South Africa’s unsustainable debt burden; lead to the implementation of reforms to enhance the economic growth necessary to tackle South Africa’s unemployment crisis and defend our last investment grade credit rating.
Read MoreLand Reform Op-ed
The property market and economic growth generally will be severely affected by expropriation of land without compensation, or at below market value, or outside of the law, the Constitution and the courts.
Read MoreLoan Pricing From a Commercial Bank
Banks are profit-orientated businesses which strive to provide both investors and shareholders alike with a reasonable return on their money.
Read MoreFinancial Crime Partnership
Monday, 9 December 2019 saw the launch of South Africa’s first public-private partnership, between the banking sector and government regulatory authorities, aimed at enhancing collaboration and co-ordination in combating financial crime, money laundering and terrorist financing.
Read MoreFestive Season Awareness
SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry would like to share the tactics that criminals are using to defraud people this Festive Season, to ensure that they are aware of how to protect their hard-earned cash.
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