FNB donates R200m into SME development

Posted by - November 10, 2022

FNB has donated R200m to the Vumela Enterprise Development Fund for deployment into new, innovative alternative SME financing solutions, aiming to benefit approximately 150 businesses, and creating over 1,000 jobs. Significant and growing unemployment and poverty are risks to the sustainability of South Africa. A growing and sustainable SME sector does a great deal to

Apple Pay is now available in South Africa

Posted by - March 30, 2021

Apple Pay, a digital, contactless payment method, is now available in South Africa. Absa, Discovery Bank and Nedbank customers tweeted being able to load their cards on the Apple Wallet. In their tweets, people were celebrating the availability of Apple Pay in South Africa while calling on FNB and Standard Bank to get on board

FNB, Fetola partners to launch initiative to grow social entrepreneurs

Posted by - September 9, 2019

To advance entrepreneurs and financial growth in the economy, the First National Bank in alliance with Fetola Business Growth Professional has recently announced the launch of a small and medium-sized enterprises (SMEs) development initiative to help grow South African social entrepreneurs. Also, the two-year “Social Entrepreneurship Impact Lab” will empower 25 existing ‘for profit’ businesses who

FNB extends lending to SMEs to the value of R30bn

Posted by - May 15, 2019

FNB Business has seen a significant increase in the number of SMEs taking up credit to grow their businesses. During the first six months of its financial year, FNB Business banked SME limits reached more than R30bn on the back of simplified, scored, digital lending processes. The loans were extended to SMEs with an annual