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Southern Africa

Middle-Income Consumers Spend Up to 80% of their Monthly Salary in 5 Days, FNB says

Zintle - May 17, 2022

FNB, one of the largest banks in South Africa, estimates that it takes an average of 5 days for a middle-income consumer to spend up to 80% of their monthly salary. This suggests that the average middle-income consumer, earning...

FinTech

The youth prefers to bank smart with digital channels

Danielle Kruger - February 26, 2019

Statista.com, the global statistical data portal estimates that the number of smartphone users in South Africa will reach 22 million in 2019. This is in line with FNB’s data which indicates an increase in banking via digital channels by...

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Latest News

Artificial IntelligenceMamsi Nkosi - September 6, 2024

How Can AI Smart Telematics Enhance Safety in South Africa?

The rapidly expanding and widespread use of systems like AI language models and other natural language processing (NLP) tools...

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Artificial Intelligence

Online search: Are we at the end of an era or the dawn of something new?

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