Press Releases

  • Money savvy entrepreneurs

    Next week Jozi FM will be hosting its second annual Soweto small business Marketing seminar – the ideal forum for small businesses and budding entrepreneurs. African Bank will be one of the key partners this year focusing on the importance of financial wellness. Neil Thompson, Head:CVP, Product Design & Development from African Bank says with so many start-ups struggling to

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  • Leveraging the investment power of the stokvel

    Many South Africans have grown up with stokvels. In fact current estimates show that there are over 820 000 stokvels in the country with a combined membership of 11.4 million people, handling over R44 billion per annum. Most of the money is paid out monthly, to individuals, who spend it on consumables – primarily food and groceries. It was therefore

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  • Learners in mentorship programme pass with flying colours

    The future looks bright for all 11 learners who were taken under the wing of African Bank as part of a mentorship programme in 2016. All had big dreams of a higher University education. Today they are celebrating their achievement – All of the girls passed Matric with a Bachelor’s admission averaging 70% and they have all been accepted into

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  • Unburden yourself from debt issues this month of love

    Is the stress of debt weighing you down this month when you should be celebrating love? It shouldn’t be! Now is the time to get on top of your financial woes and there are some simple things you can do right now to get started. Mellony Ramalho, African Bank’s Group Executive: Sales, Branch Network, offers these top 10 tips endorsed

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  • Don’t forget about tax-free investments

    As South Africans await eagerly for this year’s budget speech, tax-free investments are once again in the spotlight. Last year the limit on tax-free investments was raised from R30 000 per tax year to R33 000 for all money-savvy South Africans. Mellony Ramalho, African Bank’s Group Executive: Sales, Branch Network, says these accounts continue to be are so popular because

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  • Right to Repair SA celebrates ‘David and Goliath’ victory in Australia

    The Australian Automotive Aftermarket Association (AAAA) is celebrating the Australian Competition and Consumer Commission (ACCC) Final Report into The New Car Retailing Industry which was released today (14 December 2017). The ACCC’s Final Report recommends a mandatory scheme that will compel all car companies operating in Australia to share the same repair and service information that they currently share with

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  • Quote or estimate from your mechanic – know the difference

    So the new year has started and those car repairs you have been putting off cannot be ignored any longer. “Repairing a car can be a costly exercise so it’s always helpful to know what you are in for before the repair work begins,” says Pieter Niemand, Director of the Motor Industry Workshop Association (MIWA), a constituent association of the

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  • Start of the year is a great time to revisit security measures & make changes, at home and at work

    The start of the year is a very opportune time to consider whether home and business security systems are still adequate, and to decide if changes are required. One of South Africa’s largest security companies believes there are basic questions everyone should be asking. The answers, they say, would determine what would need to happen next. “When last did you

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  • Managing risks of employing domestic staff

    Home owners are encouraged to do research into anyone they allow onto their property or into their homes to do any work. They should be sure that any contract worker, cleaner, construction worker or builder is trustworthy before they are granted access. “The people you have employed to work in your house or on your property form a vital line

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  • Education – Planning for the New Year

    There is no greater gift you can give your child than the gift of a secure education, however, ensuring that you give your child a quality education costs money – and it is often the kind of money that most of us simply do not have. All the signs point to a tough 2018 – a depressed local economy that

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  • An Angel amongst us

    As this holiday season approaches, it is important to remember that not everyone will be lucky enough to enjoy the festive season with family and friends. Angels of Hope an NGO started in Welkom by Cecilia Thebesoa, along with members of her church, is a group of about 15 volunteers who seldom get paid a cent for what they do

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  • Get your new year budget in order

    Bond repayments, rent, loans, school fees, municipal bills, medical aid, insurance, groceries… Making sure you have all financial responsibilities covered can be overwhelming especially at the beginning of a new year. Mellony Ramalho, African Bank’s Group Executive: Sales, Branch Network, says the only way to get on top of your finances is to make a budget at the start of

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