Nedbank

Nedbank says that it’s going to begin phasing out cheques as its purchasers transfer to safer and cost-effective fee strategies. That is consistent with different banks in South Africa, it mentioned, noting that the transfer is in response to steadily declining demand for, and acceptance of, cheques as a fee mechanism by South African shoppers and companies lately. The gradual …

Human nature is such that we’re very uncomfortable with uncertainty. Sadly, the Covid-19 pandemic has thrown this at us all with such pressure that discomfort and unease are prone to be key traits of the worldwide financial system for a while to come back, notes Nedbank chief economist, Nicky Weimar. Towards this backdrop, it’s unsurprising that many South African economists, …