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Thousands of learners in South Africa are taking part in an initiative set up to boost youth entrepreneurship and economic development. Called Step Up 2 a Start Up II, it offers skills, a toolkit and entry into the Maker-preneur of the Year Competition, with bursaries up for grabs.
South Africa's banking sector is healthy and robust, the South African Reserve Bank (SARB) said on Tuesday, adding that it disagreed with the decision by ratings agency Moody's to downgrade the country's "big four" commercial banks.
Absa, a subsidiary of Barclays Africa Group, launched its eighth South African entrepreneurship centre last week. The bank is seeking to move beyond merely financing start-ups to helping entrepreneurs gain access to markets and business management skills.
South African bank Absa has launched the world's first Shari'ah compliant banking solution, in the form of an Islamic cheque value bundle offering customers a package of transactions and services for a flat monthly fee with cash-back rewards.
South African bank Absa has launched a multi-currency travel prepaid cash card through MasterCard, which is available in four currencies and is a first for the country and the continent.
South African bank Absa is to step up its African expansion following shareholder approval for an R18.3-billion deal to combine with Barclays Africa, enabling it to start serving 14.4-million customers across 10 countries on the continent.
South African bank Absa and payment innovations company Thumbzup have signed an agreement to launch a mobile payment device which will enable small businesses to accept debit or credit card payments through smartphones or tablets.
Banking group Absa conducted South Africa's first live user trial of Near Field Communication (NFC) technology on mobile phones in December, with 500 of the bank's staff members using the technology in a commercial environment.
Paying for low-value purchases in South Africa is about to get a lot faster and more efficient, with banking group Absa making its "tap-and-go" contactless payment facility available to point of sale merchants.