Malawian bank finalises purchase of Barclays Bank Zim

2017-10-12 16:00

Banking group First Merchant Bank Capital Holdings has obtained all approvals to acquire the majority stake in Barclays Bank Zimbabwe from British-owned bank Barclays Bank Plc.

Capitec banks more earnings as self-service transactions surge

2017-09-27 11:12

Capitec Bank headline earnings for the six months to August 31 2017 have increased to R2.05bn, while the number of self-service transactions rose by 43%.

Competition Commission refuses to release rand probe records

2017-09-18 15:56

The Competition Commission has declined the Standard Bank Group's request to release details of its investigation into currency manipulation.

SA needs to redefine its starting point - Coovadia

2017-09-17 13:28

There are four things that need to change to redefine the country’s starting point, says Cas Coovadia of the Banking Association of South Africa.

Arise acquires stake in Equity Group

2017-09-12 19:30

Investment company Arise has acquired a stake in Equity Group Holdings, the parent company of Equity Bank.

FNB’s Africa operations weigh down profits

2017-09-07 12:50

FNB’s results were mainly driven by the performance of its domestic operations, as operations in the rest of Africa saw profit before tax decline 32%.

PPF demands reinstatement of 'FNB 4'

2017-08-30 05:00

FNB must reinstate the so-called "FNB 4" with immediate effect, demands the Progressive Professionals' Forum.

Tribunal approves SA Bank of Athens merger

2017-08-23 19:19

The Competition Tribunal has approved a large merger between GroCapital Holdings and the South African Bank of Athens.

Cooperative bank for healthcare sector launched

2017-07-26 11:35

The health economy received a boost with the launch of MediCoop CFI, a cooperative bank which is exclusive to the healthcare sector.

Ex-Credit Suisse banker pleads guilty in US tax case

2017-07-20 14:45

A former Credit Suisse banker has pleaded guilty to conspiring to help Americans hide income and assets from the Internal Revenue Service.


Bank of Baroda ordered to keep Gupta accounts open for now

2017-10-09 11:12

The high court has ordered the Bank of Baroda to keep the accounts of Gupta-linked companies open, pending a final application which must be launched in 15 days.

Uncertainty reigns over banks’ transformation targets

2017-09-19 13:54

Will new regulations oblige banks and financial services institutions to comply with radical targets in an attempt to accelerate black ownership and inclusion?

Serious risks facing SA banks - analyst

2017-09-17 18:05

Although SA's banking sector has the ability to withstand a tough environment, there are significant risks on the horizon, cautions a banking analyst.

Book extract: Chris Bishop chats to Pascal Dozie, the wealthy entrepreneur who wants to rebuild Nigeria

2017-09-15 11:56

Pascal Dozie, who founded Diamond Bank in Nigeria in 1991, convinced MTN to set up shop in the country and started his own investment company, believes in tapping into Nigeria's huge potential.

Capitec overtakes Nedbank, now SA's fourth-largest bank by value

2017-09-08 09:00

Capitec has passed Nedbank as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock.

Banks seek to take charge of transformation agenda

2017-09-06 09:39

South Africa’s banks want to take charge of the transformation agenda by becoming more robust in their transformation strategy, according to the Banking Association of SA.

FNB says services restored, but clients continue to bash bank

2017-08-25 13:19

FNB says it has restored banking after a glitch knocked out access to services. However, users are reportedly still experiencing issues.

Bidvest Bank buys acquiring business

2017-08-10 17:06

Bidvest Bank has acquired 100% of First Data Resources SA, the SA subsidiary of First Data Corporation, a global commerce-enabling technology company.

Bank of America picks Dublin as post-Brexit hub

2017-07-23 17:00

Bank of America will move its hub for EU business to Dublin from London following Brexit.

SA needs smart payment systems to open banking for all - BASA

2017-07-18 11:36

Innovative payment methods which conform with regulatory requirements are needed to give more people access to the financial system, says a banking association representative.

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