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Banking & Finance news

South Africa's targeted Consumer Price Index (CPIX), excluding mortgage rate changes, slowed for the second consecutive month to 12.4% year-on-year in October, indicating that there might be a cut in interest rates. 27 Nov 2008
South Africa needs to ensure that its firms and people are more productive, more export orientated and have higher savings and investment rates, says Finance Minister Trevor Manuel. Doing so would help in curbing the effects of the global economic crisis. 21 Nov 2008
The Group of 20 (G-20) countries are determined to enhance cooperation and work together to restore global growth and achieve reform in the world's financial systems. 17 Nov 2008
Today's liquidity crunch is a far-reaching conundrum causing the global credit markets to react in an irrational and volatile way. All granters of credit are under immense pressure, as the market continues to point its gnarled finger at the mortgage industry as the chief culprit for the market's disarray. 17 Nov 2008
AfriGIS, a location based services company, has developed a mobile service that enables Standard Bank customers to locate the nearest Standard Bank ATM or branch from their cellphones. 13 Nov 2008
The World Bank on Tuesday lowered its growth forecast for the world economy to only 1% in 2009 due to the impacts of the global financial crisis. 12 Nov 2008
For years, South African bank customers have complained of high bank charges. Now it seems customers in the UK will also begin to feel the pinch - and they could end up paying for services they presently enjoy for free. 12 Nov 2008
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