With competitor First National Bank (FNB) enjoying tremendous success with its eBucks Rewards initiative, Standard Bank has joined the fray with an offering of its own called UCount Rewards.
Global property has been a hot topic over the past couple of months. Interest in the asset class has not only been driven by stellar returns, but also by the attractiveness of global valuations relative to that of its local counterpart. In this article we will firstly look at the returns that the sector has produced over the past couple of years. Secondly, we will look at the attractiveness of local property vs. global property by looking at some valuations. And finally, we will look at some of the benefits of investing in global… [Read more]
Earlier this morning it was announced on the Stock Exchange News Service (SENS) that Liberty Life now holds 5.2% of the stock in this banking group. The share has sold off in the last few months as the group has faced issues around the Competition Commission fine as well as negative sentiment around micro-lenders in general…(READ MORE)
First National Bank (FNB) has introduced a new mobile money transfer service that enables South African clients to move money to Zimbabwe through its cellphone banking channel.
The new technology aims to curb the cost of getting money to SA’s neighbouring country, a cost that accounts for 20% of all transfers made in order to get money back home to families, according to… (Read more)
Arguably the most important financial article ever published hit the Bankers Anonymous website last week. Unfortunately it was drowned out by matters such as the European debt crisis, the in-vogue “Currency Wars”, the looming budget cuts in the US and to a lesser degree Oscar Pistorius.
Credit bureau, Compuscan, reveals that South Africans over the age of 60 fare best at managing their credit repayments over the festive season. On the whole though, South African credit consumers are unlikely to make it onto Santa’s good list when it comes to their credit behaviour.
There have been a number of high profile “Ponzi” schemes in the last few years and many investors have been burnt by the promise of spectacular returns. The kind folks over at Sanlam have put together this excellent infographic which all investors – novice or expert – should familiarise themselves with: