News Archive - Page 24 of 35 - The Banking Association South Africa

News

SASSA AND BANKING INDUSTRY TO SIGN MOU

Discussions with the South African Social Security Agency (SASSA) on using the infrastructure of South African banks to assist in distributing social grants are proceeding in a positive and productive spirit.

MOVING TOWARDS HIGHEST HANGING FRUITS

Business Leadership South Africa (BLSA) has developed a set of ambitious proposals to form part of its 2018 socio-economic engagement agenda with social partners to help the country’s efforts towards economic recovery and inclusive growth and transformation.

FINANCIAL SECTOR CONDUCT AUTHORITY LAUNCHES

We are delighted to confirm that, effective 1 April 2018; the Financial Services Board has been transformed into the Financial Sector Conduct Authority - a dedicated market conduct regulator for the South African financial services sector.

MOODY’S KEEPS SOUTH AFRICA RATING AT INVESTMENT GRADE

All South Africans – business and consumers – will benefit from this show of confidence in the progress the country has made in addressing some of the concerns previously raised by the rating agency, and in its economy that is beginning to show some growth.

RESERVE BANK PLACES VBS MUTUAL BANK INTO CURATORSHIP

Banks are monitored and regulated by the South African Reserve Bank (SARB) and the National Treasury to ensure the safety of depositor’s money and the stability of the financial system.

CABINET RESHUFFLE THE FIRST OF MANY STEPS ON THE ROAD TO ECONOMIC GROWTH

The announcement of a newly constituted cabinet must be applauded as a significant step in the President's effort to win back much-needed domestic and international investor confidence.

GOVERNMENT DELIVERS A BOLD BUT FAIR BUDGET, BUT WE’LL NEED TO WORK TOGETHER QUICKLY TO BOOST TRUST AND CONFIDENCE FOR SUSTAINABLE ECONOMIC GROWTH

With today’s budget, government has shown its willingness to take some of the hard decisions necessary to restore fiscal stability, but much more serious work needs to be done to ensure fast, sustainable economic growth, the only way to secure investment and create urgently needed jobs.

SOUTH AFRICAN BANKS SUPPORT THE PRESIDENT AND STAND READY TO PARTNER WITH GOVERNMENT ON ISSUES OF IMPORTANCE

The State of the Nation speech will go a long way to creating policy certainty and encouraging domestic and foreign investment, necessary for inclusive economic growth and job creation. Read more here..

WELCOME MR. PRESIDENT! WE WISH YOU AND THE COUNTRY GOOD FORTUNE

We wish President Ramaphosa and his finance minister the best in the coming months. We will work with them in good faith to make the best of this opportunity to revive the economy and renew our country, with the goal of establishing a virtuous circle of good governance, growth, investment and employment.

SA BANKING SYSTEM WITH SAPO TICKS ALL THE BOXES FOR SOCIAL GRANT DISTRIBUTION

The distribution of social grants to the most vulnerable in South Africa continues to be at risk of disruption because of the slow progress in implementing the Constitutional Court ruling that a new payment system be put in place by 1 April 2018.