Banker S.A. June 2012 | Page 3

CONTENTS 1 74 6 Economic Realities Seeking a savings culture South Africans are overburdened with hefty tax levels, making it impossible to save 14 Profile Michael Jordaan Carl Momberg speaks to FNB’s innovationminded CEO 20 SADC Integration 20 Single SADC payments system The Banking Association South Africa spearheading efforts for more efficient crossborder payments 36 24 Retail banking A new era: retail banking sales Like banks themselves, banking sales professionals are having to do more with less 30 Legal Notes SADC standardised loan documentation Some progress, some challenges 32 Industry Survey PwC’s Global CEO Survey 200 chief executives in 60 countries – what do they see ahead? Edition 2 SA BANKER 1