Customers shouldn’t suffer because of international finance complexity
For South Africans, navigating the international finance system can feel incredibly complex, particularly when it comes to transferring money or making payments across borders. By Harry Scherzer, CEO of FutureForex Every international transaction involving the...
What the shift from RMS to RM means for debit orders
The South African debit order landscape has undergone significant transformations to enhance security and efficiency. Central to this evolution was the introduction of the DebiCheck debit order system. The South African Reserve Bank (SARB) dictated the implementation...
The practical implications of the ‘two-pot system’
With the 1 September implementation deadline looming, South Africa's 'two-pot' retirement reform is fast coming to the boil. However, while President Cyril Ramaphosa is expected to sign the new Pension Funds Amendment Bill in the coming weeks, for many employers and...
Absa Credit Coach helps customers boost credit scores
Since Absa launched its financial inclusion Credit Coach in April 2024, it has garnered over 1,4-million views. Absa Credit Coach, available for free on the Absa banking app, offers a suite of tools to help customers monitor and improve their credit scores: * Check...
Prosthetic digits are transforming lives
Whilst small in size, the role of fingers in our overall body mobility is huge. Our fingers play a critical role in the accomplishment of everyday activities, allowing for tactile sensations and multiple fine movements from the grasping and manipulation of objects...
New CASP licenses highlight need for clarity
South Africa's Financial Sector Conduct Authority (FSCA) recently approved the licence applications of 63 more crypto asset service providers (CASPs). They are therefore now authorised to act as financial services providers. This brings the total number of approved...
Navigating SA’s financial regulations
Stringent regulatory compliance is a key driver of financial inclusion and competitive advantage. By upholding strict standards, brokerages build trust, attract clients, and stand out in a crowded market, writes Dany Mawas, CEO of Finalto South Africa. In an era where...
Business travel myths to make you rethink your next trip
Business travel often gets a bad rap. But what if much of what we think we "know" is actually a myth? Challenging these misconceptions can not only save money but also make your trips more productive and even enjoyable. Bonnie Smith, GM of Corporate Traveller,...
How fintech impact township businesses
Cashless payments have the potential to transform South Africa's township economy by reducing transaction costs, improving financial inclusion, and lowering safety and security risks for consumers and merchants alike. These benefits could, over time, help to formalise...
Technology will help restore efficiency and confidence in aviation’s baggage processes
You’ll have seen the images spreading across the media: the “baggage mountains” accumulating at airports around the globe as passengers wait to be reunited with their delayed bags. By Peter Drummond, head of baggage at SITA The numbers reflect the industry's current...
Use the data security tips when travelling for business
Business travellers are constantly up against threats to their data security. As cybercriminals get craftier, protecting personal and company info on the go isn't just a good idea - it's a must. Bonnie Smith, GM of FCM, shares some key tips for keeping data safe. "In...
Manage the risks of public WiFi
Public WiFi is quite popular at cafés, airports, or abroad during vacations or business trips. Despite the convenience and perceived necessity of staying connected, these common situations require vigilance to ensure the safety and protection of personal data. To...