African Bank looks to fire 652 staff

2017-05-21 06:01

African Bank this week issued notices to its staff related to a restructuring plan that will see as many as 652 staff members retrenched, a source told City Press.

SIM-swap scams: How Vodacom protects you

2017-05-03 15:36

SIM-swap fraud complaints seem to be on the rise with a growing number of victims coming forward to share their dreadful experiences. Vodacom offers some helpful tips.

Standard Bank: We are innocent

2017-04-30 06:01

The bank, claiming it has received no evidence of wrongdoing in the alleged currency price-fix cartel case, is seeking to compel the Competition Commission to provide it.

Banking sector still well capitalised, despite downgrades - analyst

2017-04-25 07:49

South African banks remain well capitalised and the recent downgrades should have a minimal impact on their profit margins, says an analyst.

Gigaba reins in aide, says Malikane not a zama-zama

2017-04-19 12:40

New Finance Minister Malusi Gigaba has reined in his newly appointed adviser Professor Chris Malikane over an opinion piece he authored promoting nationalisation.

Treasury puts out fires on Gigaba aide's take on nationalisation

2017-04-18 14:15

National Treasury has tried to put out fires after Finance Minister Malusi Gigaba’s newly appointed adviser published an article advocating for the nationalisation of banks.

Deep discount lures buyers to SA banks despite junk

2017-04-13 09:39

Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011.

Gigaba assures banks of policy stability - BASA

2017-04-06 17:17

New Finance Minister Malusi Gigaba has assured South Africa's banks that there will be no shift in policy direction, says Banking Association MD Cas Coovadia.

S&P downgrades SA banks to junk status

2017-04-06 08:55

Rating agency Standard & Poor’s has downgraded SA’s banks to non-investment grade to fall in line with its rating of the country’s sovereign bonds to junk status.

Gordhan threatened with more court action

2017-03-29 17:01

Gupta associates are targeting Finance Minister Pravin Gordhan in another court case, which relates to a bid to buy a bank.


Zim bank queues lead to 'staggering' productivity loss - survey

2017-05-05 14:43

Zimbabweans spend an average of 2.5 working hours per week in banking queues, a $40m loss in wages paid to employees who are not productive every month, according to a survey.

ALERT: Bank clients cautioned amid SIM-swap attacks

2017-05-03 05:00

The South African Banking Risk Information Centre has cautioned bank clients not to click on any hyperlinks in emails purporting to come from a bank.

Cyber heists go big as criminals now target banks

2017-04-28 11:27

Cyber criminals are no longer just targeting individual bank users, but are attacking routers, internet service providers and even banks themselves.

SIM-swap victims mull legal action against banks

2017-04-24 13:24

A man who lost R1.8m from his bank account is part of a growing group of outraged clients gearing up for a legal fight with banks.

Commission seeks no relief from Barclays Bank Plc in banks case

2017-04-18 17:10

The Competition Commission has filed a supplementary affidavit in its application against 18 banks.

Zuma curse stalks SA banks as bond sales set to stall

2017-04-13 14:53

Just as things have been starting to look up for South African banks with economic growth and lending poised to rebound, President Jacob Zuma strikes again.

Capitec Bank appoints new executives

2017-04-07 12:24

Capitec Bank has appointed two independent non-executive directors, it announced.

SARB backs SA banks after S&P ratings cut

2017-04-06 15:55

The SA Reserve Bank has reiterated that South African banks are adequately capitalised to deal with the effects of a cut from S&P to a sub-investment grade.

Banks lose R61bn on Gordhan ouster, S&P downgrade

2017-04-04 13:39

The banks index has fallen to the lowest in six months after S&P cut the debt rating to junk, increasing the likelihood that lenders will have to battle rising bad debts.

SARB denies 'defending banking sector'

2017-03-29 10:34

The South African Reserve Bank has denied media reports that its deputy governor Kuben Naidoo is “defending the lack of transformation in the banking sector".

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