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Bank forecast to keep rates at 40-year lows

The latest Spark Cash Index (SCI) for August 2013 revealed an 8.48% year-on-year increase in average cash withdrawal values to R471.81. This also reflects a 1.97% month-on-month growth from R462.70 in July. ATM withdrawals recover in August

The continued rise in the use of the South African Social Security Agency (SASSA) debit cards as a means of paying social grants in South Africa has had a significant impact on the country’s Automated Teller Machine (ATM) landscape and has further entrenched cash as the preferred method of transacting for local consumers. Social grant […]

Less spending on credit for consumers

CONSUMERS withdrew more money in June than any other month so far in 2013, according to Spark ATM Systems, ascribing the increase to a public holiday in the month and the start of school holidays. Cash withdrawals at highest for year to date

Cash withdrawal statistics from South African IAD Spark ATM Systems indicate that national average cash withdrawal values remained static through the month of May. At farming locations, though, ATM activity recorded the highest month-over-month increase across all locations. Busy farming season boosts ATM use in SA

Cash withdrawals rose by 9.06% year on year (y/y) in May after a 6.01% y/y gain in April and a 11.28% y/y jump in March‚ the latest Spark ATM Systems cash index released on Thursday showed. May Spark ATM cash index up 9.06%

Spark ATM Systems, Suid-Afrika se grootste onafhanklike kitsbankverspreider, gaan oor die volgende twee jaar die aantal kitsbanke in Zimbabwe bykans verdubbel. Kitsbanke gaan in Zim soos paddastoele verrys

South Africa-based Spark ATM Systems has announced the formation of Spark ATM Systems Zimbabwe Pvt. Ltd., in partnership with CBZ Bank Ltd., Zimbabwe’s largest retail bank. Spark ATM broadens African footprint

Spark ATM Systems, South Africa’s independent Automated Teller Machine (ATM) deployer, has expanded into Africa through the establishment of Spark ATM Systems in Zimbabwe, in partnership with CBZ Bank Limited, Zimbabwe’s largest retail bank. SA ATM deployer expands into Africa