Banking

Capitec Bank Q1 FY2025: Strong Capital and Liquidity, Avafin Stake Boost

Banking, Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Capitec Bank Holdings reports strong capital adequacy ratios for Q1 FY2025.
  • Liquidity coverage and stable funding ratios exceed regulatory requirements.
  • Acquisition of majority stake in Avafin Holding Limited enhances international presence.

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Available balance vs balance

Available balance vs balance: What’s the difference?

Banking /
  • The “balance” in a bank account refers to the total amount of money in the account, including all deposits and withdrawals.
  • The “available balance” is the amount of money that is immediately accessible for use by the account holder. This amount takes into account any holds or pending transactions that have not yet been cleared.
  • The difference between these two amounts is crucial for account holders to understand to avoid overdraft fees or penalties for insufficient funds.

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Best Business Bank Accounts South Africa 2024: Top Picks for Tailored Business Solutions

Banking, Business News, News /

  • Tailored to All Business Sizes: South Africa’s 2024 business bank accounts cater to varying business scales, from new startups to large enterprises.

  • Essential Banking Features: These accounts come equipped with online banking, customer support, and the option to link multiple accounts. Some also offer business loans and credit cards.

  • Affordable and Accessible: Many accounts feature low or zero monthly fees, easy-to-use banking apps, and rewards, making them both cost-effective and user-friendly.

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