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Cellphone calculations from FNB

"FNB customers can now calculate monthly repayments on any unsecured loan via Internet or a dot.Mobi.site on their cellphones," says FNB head of product and marketing, Jeff McDonald. 9 Feb 2010 09:23


Debt counselling sees 1429 applicants in 2 days

The National Credit Regulator (NCR) received 1429 applicants for debt counselling in just the first 2 days of February 2010, Debtbusters noted on Thursday, 4 February 2010, an indication that the average South African consumer's debt problems are only getting worse. 4 Feb 2010 16:30


Achieving zero-rated VAT property transactions

[Victoria Hodgon] Notwithstanding the requirement that VAT be levied on all transactions, property sold as a going concern is zero-rated if certain conditions are met. 4 Feb 2010 13:19


Festive eBucks results

FNB's hugely popular rewards programme, eBucks, achieved its highest festive season with members spending over R75 million worth of eBucks. This resulted in an 8.4% increase for the calendar year, which is in stark contrast to the 4.8%1 decline in general retail sales for 2009, which many retailers reported as below market expectations. 3 Feb 2010 12:18


FNB goes to Baird's

Baird's Renaissance has been appointed as the PR consultancy for First National Bank (FNB), effective 1 February 2010. 1 Feb 2010 07:35




African media awards extend categories

The 2010 Diageo Africa Business Reporting Awards have added sector-specific categories to reflect the important role that various industries play in economic development. Entries are free and can be on any platform - online, print, broadcast. The closing date for entries is 26 March 2010, with the awards ceremony being held on 1 July 2010 in Central London. 27 Jan 2010 12:57


2010 property outlook

Commenting on the 26 January 2010 decision by the Monetary Policy Committee meeting to leave the repo rate unchanged, Dr Andrew Golding, stated that although the industry is seeing some positive indicators, it is evident that South Africa's economy is by no means out of the doldrums and a further boost for the economy would have been most welcome. 27 Jan 2010 12:04


MPC keeps repo rate unchanged

The Reserve Bank's Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 7%. 26 Jan 2010 18:20


Marcus expected to leave repo rate unchanged

The Reserve Bank's Monetary Policy Committee (MPC) will today, 25 January 2010, have its first meeting of the year with economists predicting that the repo rate will remain unchanged at 7%. 25 Jan 2010 13:36


Islamic banking course launched in SA

The Bankseta officially launched its introductory course to Islamic banking late last week, the development of which was a collective effort by members of Bankseta, its Islamic Banking steering committee and members of Shari'ah Financial Consultancy. Bankseta, in support of transformation and celebrating diversity within the financial sector, funds the course. 25 Jan 2010 12:50


Consumer financial vulnerability improves slightly

The financial vulnerability of South African consumers improved slightly during the fourth quarter of 2009, although general levels of vulnerability remain a serious concern, according to the latest results of the Consumer Financial Vulnerability Index (CFVI). 25 Jan 2010 12:24


Cellphone banking passes R1bn

FNB have announced that December 2009 saw R1bn worth of banking conducted in 10 million cellphone transactions. This exceeded the previous year's cellphone banking use by more than 100%. 22 Jan 2010 11:21


New CEOs at FNB cellphone banking

FNB, which launched its cellphone banking in 2005, is doubling its management of the mCommerce team with the appointment of Yolande van Wyk as CEO of Smart Services and Ravesh Ramlakan as CEO of Cellphone Banking Services. They replace outgoing CEO of mCommerce, Len Pienaar, who will be joining international messaging company Clickatell, in Cape Town. 20 Jan 2010 10:20


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