Banks take $252bn in free long-term loans

2017-03-23 17:27

Euro lenders have taken €233.5bn in free long-term loans from the European Central Bank as they prepare for the potential end of extraordinary stimulus.

Nedbank CEO: We fared best among big 4 on transformation targets

2017-03-22 13:30

Nedbank has acknowledged that its workforce profiles at senior management level should focus more on African employees.

Black people still used as tokens - Zodwa Ntuli

2017-03-22 10:58

Black people are still used as tokens in companies in South Africa that have not transformed adequately, says Zodwa Ntuli of the black empowerment commission.

Winning Women: Banking on home loans

2017-03-19 06:00

Funeka Montjane has not only broken through the glass ceiling at Standard Bank’s ultramodern head office in Rosebank, but also smashed all stereotypes about women in business.

BBC offers tips to transform financial services sector

2017-03-14 17:15

It’s a misconception that the economy and the financial sector will go “belly up” if regulation is being tinkered with, says Danisa Baloyi from the Black Business Council.

Financial sector lags on ownership, management control

2017-03-14 10:32

Transformation in the financial services sector - especially ownership and management control - is not at the required level, says the Department of Trade and Industry.

Citibank gets date for price-fixing hearing

2017-03-10 18:00

Citibank's price-fixing matter will be heard by the Competition Tribunal in March after it agreed to pay a R69.5m settlement.

FirstRand bucks low economic growth trend

2017-03-09 09:58

FirstRand has reported earnings growth across all its businesses, despite a challenging economic environment.

SA needs more banks owned by blacks - Dlamini-Zuma

2017-02-26 11:00

Former chair of the Commission of the African Union Nkosazana Dlamini-Zuma has given a glimpse of her thoughts on the recent banking saga.

Delays in nuclear projects drive costs - expert

2017-02-22 07:01

Nuclear power plants operate cheaply and efficiently. However, it is the construction of the plant which has the greatest bearing on the high costs, says an expert.


Mercantile responds to black bank takeover bid proposal

2017-03-22 14:24

The National Empowerment Fund has not approached Mercantile Bank or its holding company to express interest in purchasing Mercantile Bank, it has announced.

Banks close accounts as last resort - SARB's Naidoo

2017-03-22 12:12

It is not the intent of banking legislation to close the bank accounts of individuals and businesses, says Reserve Bank deputy governor Kuben Naidoo.

Why fewer large banks are good (and bad) for SA - SARB

2017-03-22 10:42

There are particular advantages to having a small number of large banks, such as in South Africa, says the South African Reserve Bank deputy governor.

Transformation talks - sex, money, monopolies and cartel crime

2017-03-14 19:05

Parliament’s finance and trade and industry committees hosted a vibrant session on transformation in the financial sector. Track this blog to see how it all unfolded.

Momoniat calls for more ambitious Financial Sector Charter

2017-03-14 11:27

The objectives of ownership and transformation in the Financial Sector Charter should be “sharpened and refined”, says Ismail Momoniat, deputy director general at Treasury.

Hostility, robust debate expected in bank transformation hearings

2017-03-14 06:10

The public hearings on transformation in the financial sector are expected to be robust and hostile, key industry players have said.

SA banks not under threat - FNB CEO

2017-03-10 11:33

Despite calls to launch probes into banks and criticism of South Africa's banking system, FNB CEO Jacques Celliers says it is something to be proud of.

Banks need to brace for digital disruption

2017-03-05 06:00

Fintech development will provide cheaper, more efficient services which can be tailored to individual needs, writes Steve Kretzmann.

Gordhan slams 'reckless' financial institutions

2017-02-22 14:19

Finance Minister Pravin Gordhan called for tougher rules to cover financial market abuses, citing the recent claims of bank collusion as a case in point of such transgressions.

Credit downgrade could increase cost of nuclear - expert

2017-02-21 20:00

Losing the investment grade rating could make nuclear power more expensive, cautions an industry expert.

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