Arcadia Finance

The South African Reserve Bank (SARB) has put forward a far-reaching proposal that could fundamentally transform the way South Africans interact with cash-dispensing infrastructure across the country, effectively signalling the end of the traditional branded ATM model as it has been known for decades. The proposal centres on the nationwide rollout of what are known as white-l...

London-based financial technology company Revolut is working towards establishing a full banking presence in South Africa by 2028, with its local waitlist rapidly closing in on 100,000 registered users, according to Jacques Meyer, who serves as the head of Revolut’s South African operations. Rather than chasing customer acquisition figures for the sake of headlines, the compa...

The recently signed peace agreement between Iran and the United States might cause the South African Reserve Bank (SARB) to reconsider its current interest rate trajectory, though the central bank still needs to assess how persistent recent fuel price increases prove to be. According to Deputy Governor Rashad Cassim, who spoke to BusinessTech, the truce between Washington and...

South Africans are increasingly turning to the National Financial Ombud Scheme (NFO) when disputes arise with lenders, and a growing number are walking away with the outcomes they were looking for. Complaints to the Credit Division surged by 58% during the year, while the total amount recovered on behalf of consumers more than tripled to R7.47 million, according to the NFO’s ...

South Africa’s Department of Social Development (DSD) is working to finalise the policy framework for the new Basic Income Support (BIS) grant by March 2027, paving the way for it to replace the COVID-19 Social Relief of Distress (SRD) grant, a measure originally meant to be temporary but extended well beyond its intended lifespan, with the legislative process to follow in th...