Cairo — African Export-Import Bank (Afreximbank) welcomes GCR Ratings’ (“GCR”) latest Rating action on the Bank, affirming the Bank’s international scale long and short-term issuer ratings of A and A2 respectively. The outlook was revised to “Stable” from “Rating Watch Evolving”. GCR has also affirmed the international scale long term programme rating on the USD…
Standard Bank’s Bill Blackie Standard Bank has rolled out a substantially upgraded business banking platform that shifts greater control to customers, allowing businesses to manage their own electronic payment limits, user entitlements and fraud protections without calling a relationship manager. The R1-billion re-platforming project, built in collaboration with vendor Backbase, represents the bank’s bid to…
JPMorgan Chase CEO Jamie Dimon pushed back on calls by the administration of United States President Donald Trump to cap credit card interest rates, claiming that if Congress follows through, it would result in an “economic disaster”. Dimon made his comments on Wednesday at the World Economic Forum in Davos, Switzerland. Recommended Stories list of…
Justice minister Mmamoloko Kubayi. The Department of Justice and Constitutional Development (DJCD) is rolling out a modernisation and digital transformation strategy, prioritising the implementation of several technologies by 2030. The aim, as contained in its Revised Strategic Plan for 2025 to 2030, is to improve service delivery, efficiency, and accessibility while addressing IT infrastructure and…
The banking, financial services and insurance sector is navigating an unprecedented convergence of economic and regulatory pressures. Rising cost-of-living pressures, household cash-flow stress, regulatory expansion and new risks linked to climate, fraud, conduct and geopolitical volatility all converge to create a perfect economic storm. Socio-political shifts mean that customers now expect greater transparency, demonstrable concern…
Lineshree Moodley, country head of Visa South Africa. Visa’s newly launched Johannesburg data centre is gaining strong uptake from South African banks and fintechs, emerging as a core component of the country’s payments ecosystem. Launched in July, the data centre is Visa’s first on the African continent. It forms a major part of a R1…
A construction workers paints an eagle on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System, on Sept. 16, 2025 in Washington, DC. Kevin Dietsch | Getty Images A Christmas cut? Fast forward a few weeks, and a Christmas cut is very much…
As banks beef up their security perimeters, criminals are now devising methods to beat banks’ own authentication protocols, quickly and effectively exfiltrating funds. Two particularly concerning modes of attack have emerged: bank identity number (BIN) scan attacks and distributed denial of service (DDoS) assaults orchestrated to hide targeted attacks. BIN scan attacks represent a strategy…
Retailers, telcommunications operators and banks in South Africa have been sitting on some of the most valuable media inventory in the country: their own customer channels. Logged-in apps, secure web portals, statements and e-mail all attract consented, known customers at high frequency. The question is no longer whether those touchpoints have media value. It is…
The US justice department has confirmed it will investigate paedophile financier Jeffrey Epstein’s alleged links to major banks and several prominent Democrats, including former President Bill Clinton. US President Donald Trump said he would ask Attorney General Pam Bondi and the FBI to look into Epstein’s “involvement and relationship” with Clinton and others. Bondi said…
