Financial services

Daily limit to IRIS transactions doubles to 1,000 euros

The daily transaction limit via the IRIS interbank payment system will increase next year to 1,000 euros, from €500 today.

This is donevia a limit of up to €500 per day for the amount that an individual can send money to another natural person (person to person, P2P) and another €500 for the payment of services by a freelancer (person to business, P2B).

Forex Market Intro: How to Put Up With Trading for Newbies in South Africa

When newbies are trying to get rolling in Forex sales, they have to be aware that each link in the trading chain is crucial for success. Not every newcomer realizes the necessity of selecting the right trading platform and best broker services. In this review, we will share valuable tips on how to get into trading with minimal losses and risks if you are a South African citizen.

AWS, NVIDIA and Vestbee team up to empower Fintech Startups with AWS Global Fintech Accelerator

AWS has launched its brand new program AWS Global Fintech Accelerator in collaboration with NVIDIA and Vestbee that will equip fintech startups with tools, resources and a wide network of top experts, and VC funds to fast-track their AI development and business success. 

Business circles welcome rate hike decision

Leaders of business associations have welcomed the Central Bank's move to hike its policy rate sharply by 650 basis points, calling it a step taken toward ensuring price and financial stability.

The Central Bank on June 22 increased its one-week repo auction rate from 8.5 percent to 15 percent. This has been the first rake hike since March 2021.

Pages