Ministers stall on banks intervention over Gupta blacklisting

2016-05-25 17:59

The ministers tasked with intervening in the ongoing stand-off between South Africa’s big four banks and the Gupta-owned Oakbay Investments have missed their deadline.

PIC wants Barclays Africa in SA hands

2016-05-23 11:36

The Public Investment Corporation is forming a group of black investors to buy a stake in Barclays Africa Group in a bid to put the bank back under the control of South Africans.

Bank workers take swipe at Barclays CEO Staley

2016-05-17 16:42

Barclays Bank workers in Zimbabwe have written to Baclays CEO James Staley, demanding fair treatment when the bank disinvests from its Africa operations.

Reserve Bank lifts lid on African Bank demise

2016-05-12 17:48

The business of African Bank was conducted negligently in certain respects, according to a report made public by the SA Reserve Bank.

Fitch: Investors targeting African banks despite high risks

2016-05-11 16:15

Strategic investors are still looking to expand in sub-Sahara Africa, despite banks in the region tending to have speculative fundamental credit quality, says Fitch.

Goldman, HSBC among banks on Saudi exchange IPO shortlist

2016-05-05 09:13

Goldman Sachs Group and HSBC Holdings are among banks shortlisted by Saudi Arabia’s stock exchange to help manage its initial public offering, sources say.

Banks: We respect constitutional right of Oakbay protesters

2016-04-26 18:29

South Africa's big banks say they respect Oakbay employees’ constitutional right to protest the move by banks to blacklist the Gupta-owned company.

Barclays ex-boss eyes bid for Africa unit

2016-04-25 13:21

Former Barclays chief executive Bob Diamond is teaming up with private equity group Carlyle to prepare a bid to buy the bank's African operations, a source says.

Banks still in dark on Gupta talks with ministers

2016-04-25 09:18

SA’s top four banks have still not been approached by government to explain the termination of their relationships with the Gupta-owned Oakbay Investments.

DA slams govt intervention in Gupta, banks saga

2016-04-21 20:22

It’s a mistake for ministers to meet with South African banks about a dispute with Oakbay Investments, says the DA’s David Maynier.


Big five SA banks losing market share

2016-05-25 12:02

Although South Africa’s banking sector is still dominated by the five largest banks, international banks are slowly eating away at their market share, a report shows.

Restrict short-term investment flows: Politician

2016-05-18 16:30

A member of Nigeria's monetary policy committee says the country's central bank should impose restrictions on short-term portfolio investment flows.

Abraaj said to lead group for stake in Barclays Africa

2016-05-15 17:58

Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays’s African unit, according to people familiar with the matter.

Banks shun government efforts to discuss Guptas

2016-05-12 08:35

FirstRand and Barclays Africa Group have rebuffed efforts from Cabinet ministers to discuss the closure of bank accounts related to companies controlled by the Guptas.

Investec finances 4 Emirates A380s

2016-05-09 19:16

Investec Bank’s aviation arm has made its first foray into financing the Airbus Group A380 superjumbo with a deal to purchase four jets operated by Emirates.

Capitec taken to court over 'reckless lending'

2016-05-04 12:40

Capitec, which has recently been crowned as the best bank in the world, is now facing two court cases related to reckless lending.

DA snubs Guptas' Oakbay for meeting on banks

2016-04-25 14:19

The DA has refused to meet Oakbay Investments CEO Nazeem Howa, who apparently wrote to the party requesting a meeting regarding being blacklisted by SA's banks.

Standard Bank's dual CEOs get 43% pay hike

2016-04-25 11:22

The combined compensation for Standard Bank Group’s joint Chief Executive Officers Sim Tshabalala and Ben Kruger has risen 43% after full-year profit climbed by a third.

Gupta saga: No talks yet between govt and banks

2016-04-24 18:08

The banks who ditched the Guptas' Oakbay Resources & Energy have no clue when they will be meeting government ministers to explain their actions.

Radebe opens Oakbay can of worms

2016-04-21 13:11

Minister Jeff Radebe says three cabinet ministers were to hold meetings with SA’s four big banks to get reasons why they decided to close the bank account of Oakbay Investments.

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