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MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
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MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
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BUSINESS MAVERICK: Forget fintech, it is Big Tech that banks should fear the mostWhile fintech start-ups have slightly rattled the cages of traditional global banks, the establishment is as strong as ever. But Facebook and Amazon are about to enter their turf, and given their power and size, banking as we know it might not survive the onslaught.
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BUSINESS MAVERICK: Race for low-to-middle income consumers heats up in SA’s insurance industrySA’s financial services sector is in for a shake-up. Discovery Bank, TymeBank and Bank Zero, which are underpinned by technology, will change the way in which people bank. In the process, they will challenge the dominance of the big four banks. The boring insurance industry will also reform, with the emergence of new players, African Rainbow Life and Sithega Holdings, which want to serve low-to-mid income consumers.
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