This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Big EFT and debit order changes coming soon.

Loading player...

GUEST - Ghita Erling, CEO: Payments Association of South Africa.

South African banks will implement a big electronic funds transfer (EFT) payment change in September 2024, impacting direct payments and debit orders. The change followed a decision by the Common Monetary Area (CMA) regulators to discontinue processing EFT payments and collections within the CMA.

4 Jul 2024 1PM English South Africa Business News · Investing

Other recent episodes

EXPLAINER - Why some sports stars are worth more than companies.

An 18-year-old footballer valued at more than R6 billion has reignited a global debate: how do we really put a price on modern sports stars? Following a new long-term contract at Barcelona, teenage sensation Lamine Yamal has been named the world’s most valuable footballer — outranking established global icons and…

15 Jan 3PM 22 min

Why central bank independence matters.

GUEST – Prof Jannie Rossouw - Honorary professor at Wits Business School and economist at Altitude Wealth Central bank independence refers to a central bank’s ability to formulate and implement monetary policy - such as setting interest rates and managing liquidity - without direct control or interference from the political…

15 Jan 3PM 19 min

INSIDE YOUR POCKET: Fraudsters remain active as South Africans face new year financial pressures.

GUEST – Manie van Schalkwyk - CEO of the Southern African Fraud Prevention Service (SAFPS). As South Africans return from the festive season with renewed energy, many households are confronted with the financial realities of a new year. For thousands of families, the beginning of the year is marked by…

15 Jan 3PM 12 min

BAT shuts its only SA factory: What the illicit cigarette trade is costing jobs, industry and the fiscus.

GUEST - Johnny Moloto, Head of Corporate & Regulatory Affairs at BAT Sub-Saharan Africa, British American Tobacco has announced it will shut down its only manufacturing plant in South Africa, ending more than 50 years of local cigarette production as illegal cigarettes flood the market and overwhelm legitimate players. The…

15 Jan 3PM 15 min

South Africa at Davos 2026: The Investment Message SA Is Taking to the World.

GUEST - Neville Matjie, CEO of Brand South Africa As global leaders gather in Davos under the theme “A Spirit of Dialogue”, South Africa is stepping onto one of the world’s most influential stages to make its investment case amid heightened geopolitical tension, economic uncertainty and rapid technological change. With…

15 Jan 3PM 10 min

All episodes