Digitisation of the banking industry

For many of us, stepping up to an ATM or hopping online to our internet banking is a simple task, but this is not the case for most of Africa.  South African banks have, over the last few years, been scaling back on their in-branch services.  Many branches were only satellite branches, offering a limited […]

Compuscan and Scoresharp sold to Experian

Actis, a leading growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and ScoreSharp, a decision analytics company, to Experian for ZAR3.72bn.

New accounting rules for leases on the horizon

The International Accounting Standards Board (IASB) issued IFRS 16 Leases in January 2016. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (‘lessee’) and the supplier (‘lessor’). IFRS 16 is effective from 1 January 2019.

Technology Can Help Us Too

Nearly everyone has a phone. Despite this, businesses continue to keep records manually and they still send their sales reps out into the field armed with a clipboard and a pen, instead of making use of the technology available as business tools.

Capitec Bank Soaring

Capitec Bank is progressing to new heights on the JSE. This happened as foreign buying continued unabated last Thursday. “The company is now well on its way to breaking into the JSE’s elite top 40 index,” Anchor Capital said in a note.