Financing for Chinese cars soars in South Africa as Ramaphosa punts manufacturing hub vision
Standard Bank reports a significant increase in the purchase of used Chinese cars by consumers in South Africa.
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Staff Writer
- Aug 23
- 4 min
Solar financing options offered by South Africa's big banks
Major banks like Nedbank, FNB, Standard Bank, and Discovery Bank have introduced various solar financing options.
Staff Writer
- Aug 23
- 3 min
Standard Bank bullish about rebound in home loan applications
Standard Bank forecasts the SARB will begin cutting the repo rate this year, with the first cut of 25 basis points in September and November
Staff Writer
- Aug 22
- 2 min
South Africans earning over R1 million annually turn to offshore investments
Standard Bank is targeting clients with monthly incomes exceeding R360,000 per annum to offer tailored financial guidance.
Staff Writer
- Aug 15
- 3 min
Standard Bank grows client base, delivers interim dividend
Standard Bank Group has reported a robust financial performance for the first half of 2024 (1H24), with headline earnings reaching R22...
Staff Writer
- Aug 7
- 2 min
Here's what is driving solar demand in South Africa
Since the start of the year, 586MW of rooftop solar has been added, now accounting for 6.52% of South Africa’s energy mix.
Staff Writer
- Jul 31
- 3 min
The unseen burden on South Africa's middle class
South Africans face a significant debt challenge, as highlighted by recent reports, including Eighty20.
Staff Writer
- Jul 23
- 2 min
Interest rate cuts can't come soon enough for homeowners, says Standard Bank
The SARB may cut interest rates in the third quarter of this year, with Standard Bank predicting two rate cuts by year-end.
Staff Writer
- Jul 18
- 1 min
Construction underway for South Africa's largest wind farm in Mpumalanga
Seriti Green has launched the first phase of its R25 billion wind farm project in Mpumalanga, aiming to build 900MW of renewable wind...
Staff Writer
- Jul 17
- 1 min
Savings proving difficult for middle-class and affluent South Africans
Standard Bank reveals that saving even one month’s salary is becoming increasingly difficult.
Staff Writer
- Jul 10
- 2 min
South Africa's biggest banks over 8 major metrics
The Banker has published its 2024 ranking of the world's top 1000 banks based on tier 1 capital levels, with six South African banks...
Staff Writer
- Jul 10
- 2 min
Interest rate cuts anticipation spurs first-time home buyer resurgence: Standard Bank
Despite record-high interest rates, Standard Bank has observed a resurgence in first-time homebuyer activity in South Africa, potentially...
Staff Writer
- Jun 25
- 2 min
Standard Bank says rate cuts are coming
Standard Bank anticipates the Reserve Bank will reduce interest rates twice before the end of 2024, influenced by the optimism...
Staff Writer
- May 8
- 2 min
High interest rates, inflation, and stagnant salaries squeeze SA middle class
The latest DebtBusters Debt Index for the first quarter of 2024 highlights the adverse impact of high interest rates, inflation, and...
Staff Writer
- May 2
- 2 min
Motsepe-backed solar subscription service plans R10 billion rollout in South Africa
GoSolr, a company backed by South African billionaire Patrice Motsepe and the continent’s biggest bank, plans to spend R10 billion to...
Staff Writer
- Apr 11
- 2 min
Discovery Bank outlines how reduced interest rates will work for home loans
Discovery Bank says home loan clients will be able to reduce their interest rates "when you manage your money well". The digital bank is...
Staff Writer
- Mar 14
- 2 min
Standard Bank reveals solar take-up in South Africa
Standard Bank says it mobilised over R50 billion of sustainable finance for corporate clients and provided over R2 billion in loans to...
Staff Writer
- Feb 19
- 2 min
Shoprite secures R1.2 billion financing for ambitious expansion plans
Standard Bank said Monday that Shoprite, Africa's largest retailer, has secured R1.2 billion in vehicle and asset financing to bolster...
Staff Writer
- 19 hours ago
- 2 min
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