South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy.

UK-based HSBC bank announced in September 2024 that it would be closing up shop in South Africa after 30 years. The group started its local operations in 1995.

South Africa’s new government-owned bank, the Postbank, has yet to apply for a banking licence from regulators, but is taking on critical payouts for the state. The upgraded Postbank aims to ...

JOHANNESBURG (AP) — The World Bank granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy, the country's National ...

South African banks are encouraging customers to embrace virtual cards and tap-to-pay functionality in digital wallets over physical plastic cards due to their improved security, among other benefits.

It builds on the reforms and results of the South Africa COVID-19 Response Development Policy Loan approved in January 2022 which provided US$750 million to support the COVID-19 response and economic ...

The World Bank has approved a $1.5-billion loan to support structural reforms aimed at boosting South Africa’s infrastructure. The Washington-based lender said in a statement the operation will ...