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Banking

Banking is the financial services industry concerned with accepting deposits, lending money and providing related financial products to individuals, businesses and governments. The sector encompasses retail banking, commercial banking, corporate banking, investment banking and private banking. Banks act as financial intermediaries, channelling funds from savers to borrowers while managing risk and facilitating payments and transactions. In Africa, the banking industry plays a central role in economic development, trade finance and infrastructure funding. The sector is typically regulated by central banks and financial authorities to ensure stability, protect depositors and maintain confidence in the financial system. Major banking markets on the continent include South Africa, Nigeria, Kenya and Egypt, with pan-African groups such as Standard Bank, Absa and Ecobank operating across multiple jurisdictions. The industry faces challenges including financial inclusion, regulatory compliance, digital transformation and managing exposure to commodity-dependent economies. Mobile banking and fintech innovation have expanded access to financial services across underbanked populations. Banking remains a key driver of cross-border investment, trade facilitation and capital formation throughout the continent.

Banking Updates


 Recent South African Infrastructure Attacks Reflect Growing DDoS Threat, Says NETSCOUT
Recent South African Infrastructure Attacks Reflect Growing DDoS Threat, Says NETSCOUT
3rd June 2026

Recent distributed denial-of-service (DDoS) attacks targeting South African internet infrastructure providers, web hosting companies and connectivity services reflect a broader escalation in both... 


Prominent Hill silver mine, in Australia
Australia shares climb to near one-month high as miners rally
3rd June 2026 By: Reuters

Australian shares rose to a near one-month high on Wednesday, underpinned by commodity stocks, after mining giant BHP hit a record high, while a slower-than-expected economic growth reaffirmed... 


image of Ray van Rooyen
Three Lessons from NAMPO About the Business of Farming in Africa
2nd June 2026

By: Ray Van Rooyen - Head: AgriBusiness, Absa Africa Regions Aside from the spectacle of a Guinness World Record being broken as more than 1,500 Toyota Hilux bakkies gathered in a single location,... 


Photo of Martin Creamer
On-The-Air (29/05/2026)
29th May 2026 By: Martin Creamer

Martin Creamer talks about mining's economic edge, mineral rights and copper in the Northern Cape. 


South Africa’s AI push is running ahead of its digital foundations
South Africa’s AI push is running ahead of its digital foundations
28th May 2026

By: Kgomotso Lebele - Country Managing Director for Accenture, South Africa Consider this: you lead a large retail business. Six months ago, you approved a significant generative AI investment to... 


Rand currency
South African rand steady as traders eye Middle East tensions
27th May 2026 By: Reuters

The South African rand was steady in early trade on Wednesday as traders cautiously assessed geopolitical developments after Iran accused the United States of violating a fragile ceasefire by... 


Payments Are Modernising Faster Than Most Businesses Realise
Payments Are Modernising Faster Than Most Businesses Realise
20th May 2026

By: Chris Wood - Managing Executive: Product at Absa Business Banking Reflects on the changing payments landscape and what it means for businesses navigating an evolving economy, ahead of the Absa... 


Rising electricity costs: Five money habits that are also good for the planet
Rising electricity costs: Five money habits that are also good for the planet
15th May 2026

By: Kagiso Masela - Manager of Retail Sustainability and ESG Solutions at FNB South Africans face uncertainty as rising living costs and upcoming July electricity tariff increases place growing... 


Coins
Goldman now sees two 2026 South Africa rate hikes because of war
14th May 2026 By: Bloomberg

Goldman Sachs expects South Africa to raise interest rates twice this year after previously seeing a series of cuts, as the Iran war fans inflation risks around the world. The bank forecasts... 


A stack of gold bars
Indian banks resume bullion imports after month-long halt over 3% levy, sources say
12th May 2026 By: Reuters

Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and... 


Africa’s Rising Relevance Amid Global Shifts: Banks Are Key Catalysts
Africa’s Rising Relevance Amid Global Shifts: Banks Are Key Catalysts
6th May 2026

By: Refilwe Mokate - Head of African Banks Client Coverage and Zoya Sisulu, Head of Financial Institutions Group Client Coverage at Standard Bank Corporate & Investment Banking The first quarter of... 


The Pace of Trading Has Changed and Technology Decides Who Keeps Up
4th May 2026

By: Merlin Rajah - Head of Equities Electronic Product at Absa CIB South Africa’s equity market has long supported a high standard of trading activity, with infrastructure that global participants... 


Rand currency
South African rand slips ahead of Fed decision amid Iran war uncertainty
29th April 2026 By: Reuters

The South African rand weakened in early trade on Wednesday as investors waited for the US Federal Reserve’s interest rate decision later in the day, watching for clues on the economic fallout from... 


Peter Grealy
Draft national AI policy: What it means and what to do now
22nd April 2026

By Peter Grealy, Leanne Mostert, Wendy Tembedza, Karl Blom & Aalia Manie, Partners at Webber Wentzel The publication of South Africa's Draft National AI Policy (Draft Policy) marks a turning point... 


Currency volatility is quietly wiping out fruit importers’ profits, new report finds
21st April 2026

Fruit importers are facing a growing but often overlooked threat to profitability: currency volatility, with fluctuations of just 3–5% capable of erasing the full margin on a shipment. New insights... 


Thalia Pillay
Why consumer fraud warnings are failing in the age of AI
21st April 2026

By Thalia Pillay, co-founder and CEO of Orca Fraud  The fines scam. The SARS refund. The parcel that needs clearing. If you have a South African cellphone number, you have met all three. Fraud has... 


Image of Cyril Ramaphosa
Ramaphosa urges long-term partnership with Spain amid broader €62bn investment pipeline
17th April 2026 By: Thabi Shomolekae

President Cyril Ramaphosa on Friday alluded to a massive pipeline of 85 investment projects, valued at over €62-billion, with investment partners, emphasising that South Africa is open for... 


Navigating oil volatility: how SA corporates can harness banking tools amid fuel market instability
17th April 2026

Kevin Ssemwogerere, Business Development Strategy Head, Treasury and Trade Solutions at RMB The pending conflict and short-term ceasefire in the Middle East has materially disrupted global oil... 


Magazine Cover image
Greater AI fluency in tandem with expert skills foundational for effective deployment
17th April 2026 By: Schalk Burger

While artificial intelligence (AI) systems require information technology (IT) and data science skills to deploy, they also demand industry-specific expertise to ensure their effective integration... 


Magazine Cover image
Greater AI fluency in tandem with expert skills foundational for effective deployment
17th April 2026 By: Schalk Burger

While artificial intelligence (AI) systems require information technology (IT) and data science skills to deploy, they also demand industry-specific expertise to ensure their effective integration... 


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pqt: 0.079s - ct: 1.675s - 288pq - 2rq
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