News

BASA Statement – 2025 State of the Nation Address

BASA's response to the 2025 State of the Nation Address, which set out plans to lift growth above three percent. BASA supports faster private sector investment in infrastructure and reforms to build a capable state.

Basa Transformation Report 2024

South African banks are meeting the challenge of transformation but increased regulation is unlikely to result in further sustainable transformation, writes BASA managing director Bongiwe Kunene. Already, banks’ financing of transformation and inclusive economic growth far exceed what is required of them by legislation and banks are likely to be able to do much more if there is a supportive operating environment for business and an expanding economy.

Joint meeting PC on Trade and Industry and Standing Committee on Finance Presentation

BASA presented to a joint meeting of Parliament's Portfolio Committee on Trade, Industry and Competition and the Standing Committee on Finance on 4 February 2025, covering transformation, fintech, account closures and Islamic banking.

National Treasury Will Take Necessary Measures To Protect Retail Depositors Following Prudential Authority’s Application to Liquidate Ithala

Following the Prudential Authority's application for provisional liquidation of Ithala SOC Limited, we understand that depositors may be concerned about the safety of their funds.

Protecting Your Business: Understanding and Mitigating the Risks of Business Email Compromise (BEC)

Cybercrime like BEC involves hackers accessing email accounts to steal information. Symptoms include spam complaints, missing emails, and login issues. Keep your security software current and inform your contacts immediately if you experience a hack.

What is Social Engineering?

Social engineering is a manipulation tactic criminals use to exploit trust and obtain confidential information. Learn how it works and the simple steps you can take to protect yourself.

Guarding Against Identity Theft: Important Tips

Personal information includes identity documents, driver’s licenses, passports, addresses and contact details among others. Confidential information includes usernames, passwords and Personal Identification Number (PIN).

Internet Banking Scams and Fraud

Criminals use phishing, malware and fraudulent SIM swaps to gain access to your online banking. Find out how these internet banking scams work and how to keep your accounts safe.

Festive Season Safety Awareness

Opportunistic criminals don't take a festive break. Protect yourself this holiday season with tips on preventing mobile phone snatching, fraud, social engineering and other common seasonal crimes.

Digital and Financial Forensics Analysis Centre & the Digital Service of S205 Subpoenas

The Digital and Financial Forensic Analysis Centre (DFAC) is a three-way partnership between the Banking Association South Africa (BASA), the South African Banking Risk Information Centre (SABRIC) and the Directorate for Priority Crime Investigation - better known as the Hawks. The purpose of the DFAC centre is to bolster South Africa's capacity to investigate and prosecute financial crime, by making cutting edge digital and financial forensic analysis capacity available to the Hawks.