Tuesday, April 22, 2025

Thursday Morning Spice

Fans react to heartbreaking Bafana Bafana defeat, Running sober vs. high, Inside terrifying cult that ‘clones babies’, Trevor Noah produces stand-up comedy special on Fortnite, and Standard Bank expects four interest rate cuts this year.

Moody’s Has Downgraded SA’s Five Biggest Banks

Moody’s announced today that, following the revision of the country’s foreign currency desposit ceiling, it had downgraded South Africa’s five biggest banks. This comes only days after the ratings agency downgraded SA’s government bond rating.

Most SA Internet Users Now Bank Online, Most Banks Yet To Catch On

Recent research confirms that the vast majority of South African internet users bank online, but that banks have been very slow to make use of digital channels to meet customers’ needs. A study by market research firm Columinate, which assessed consumer internet banking behaviour and satisfaction levels, suggests there is plenty of room for improvement for banks trying to connect digitally with their customers.

Bank War Continues As FNB Disputes Standard Bank’s Pricing Announcement

A month ago the battle between FNB and Standard Bank was just heating up. Following Standard Bank’s complaints about FNB’s “misleading” advertising in February, the banks remain at loggerheads. In recent days FNB has lodged a complaint with the Advertising Standards Authority (ASA) about its competitor, which it says is now attempting “to sell nonexistent products”.

Standard Bank Complains About FNB On Twitter, Receives Backlash From Public

We’ve told you a lot about the shenanigans of SA’s Big Four banks recently. Yesterday a Twitter storm erupted around Standard Bank and FNB, with the former accusing FNB of misleading advertising. The irony? The mud-slinging quite quickly turned in the direction of Standard Bank, with Tweeters taking FNB’s side. Here’s a snapshot of what happened.