South African Banking Rules Change May 1 – Are You Ready For The New Fees & ID Verifications?
Starting May 1, 2025, South Africa’s banking industry will implement major regulatory changes aimed at improving financial security, reducing fraud, and increasing transparency across all customer transactions. From new ID verification protocols to updated transaction fees and faster interbank transfers, these changes are expected to affect millions of individuals and businesses across the country. Here’s everything you need to know to … Read more