News

S&P GLOBAL NATIONAL RATING SCALE CALIBRATION NEEDS ATTENTION

Following the recent negative sovereign rating action, our members have expressed their concern that the S&P Global national rating scale calibration for South Africa needs your urgent attention.

FITCH DOWNGRADES SA SOVEREIGN RATING TO SUB-INVEST GRADE

The downgrading by Fitch, of both the foreign and local currencies of SA to sub-investment grade is devastating, though not unexpected.

SA BANKS MEET WITH NEW FINANCE MINISTER – APRIL 2017

The Banking Association delegation met with the National Treasury team comprising of the new Minister of Finance and other senior officials in a constructive manner that concluded with a commitment to work with the National Treasury to achieve shared goals.

STANDARD & POORS DOWNGRADE SA TO JUNK STATUS – APRIL 2017

The actions by the President in the early hours of last Friday were clearly not in the national interest. Consequently, yesterday’s announcement by Standard & Poors of a sovereign downgrade to junk status is a direct consequence for the country.

BASA OBJECTS TO THE REMOVAL OF THE FINANCE MINISTER

The vacuum of leadership caused by the announcement of a cabinet reshuffle and appointment of a new Finance Minister, Deputy Finance Minister and the removal of additional cabinet ministers is of extreme concern for the whole of South Africa.

BANKING INDUSTRY INDUSTRIAL DEVELOPMENT PRESENTATION – 2011

We remember Uncle Kathy and celebrate his contribution to South Africa.

MEDIUM TERM BUDGET POLICY STATEMENT – PARLIAMENT 2016

South Africans need to collectively make the right choices to expedite the change and growth the country needs. it was the overriding message of National Treasury’s 2016 Medium Term Budget Policy Statement (MTBPS).

SONA 2017 – TRANSFORMING AND GROWING THE ECONOMY

Read what The Banking Associations thinks about the upcoming SONA and topical issues of the day.

PRESIDENT’S REFERRAL OF FICA BILL – PARLIAMENT JANUARY 2017

BASA, on the opinion of legal counsel, affirmed that the relevant section in particular, and the Bill in general, does bear constitutional muster and the Committee should refer the Bill back to the President for signature.

BANKER SA – PRESIDENT ZUMA REMOVES FINANCE MINISTER

There have beens some lows and some highs in 2016. However, despite these encouraging results, our country still has an immensely long way to go. Read Cas' take on the way forward for 2017.