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.

Breather for banks as Mugabe clarifies indigenisation

2016-04-12 20:00

Foreign banks have been given a respite to their plans to comply with Zimbabwe's empowerment laws after President Robert Mugabe clarified confusion about the law.

UBS, HSBC offshore dealings in Panama Papers spotlight

2016-04-05 09:47

UBS Group and HSBC Holdings are now starring in a torrent of leaked documents detailing how they once helped clients set up thousands of offshore shell companies.

FNB to cut jobs as SA economy slows

2016-03-15 07:51

FirstRand plans to close branches at its retail-banking unit FNB as the continent’s biggest lender by market value responds to an economy on the brink of a recession.

SA banks riding rough economic wave - PwC

2016-03-11 06:57

South African banks are riding the rough economic wave with the necessary finesse delivering strong results, according the PwC Banks Analysis report.

Barclays Africa soothes stakeholders, warns of tough 2016

2016-03-01 10:45

Barclays Africa (Absa) says it will ensure a satisfactory outcome for all stakeholders after its parent company announced plans to exit the business.

Are SA banks a buy opportunity?

2016-02-19 06:15

A global rout in banking shares hasn’t left SA’s large commercial lenders untouched. finweek analyses how global and domestic concerns are impacting SA’s big four banks.


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.

China's Bank of Tianjin faces $121m fraud

2016-04-12 12:15

China's Bank of Tianjin has been defrauded of more than $120m, the third such giant crime against banks in the country this year.

Barclays Africa sees lower debt sales as lending slows

2016-03-18 11:16

Barclays Africa Group is planning to issue less debt in 2016 as lending growth slows and the company’s parent considers ways of reducing its stake in in the bank.

Old Mutual not selling Nedbank stake to strategic investor

2016-03-11 12:22

Old Mutual does not intend to sell its share in Nedbank to a new strategic investor, SA's regulatory bodies say in a joint statement.

FirstRand shares drop as growth slumps

2016-03-08 12:06

FirstRand has cut back on extending credit because of slowing growth, while stocks have lost as much as 5% in morning trade on the JSE.

Barclays selling Absa to save costs

2016-03-01 09:32

UK banking group Barclays Group has made firm its intention to sell its 62.3% stake in Barclays Africa Group (formerly Absa).

SA bank stocks regain billions lost when Zuma fired Nene

2016-02-18 17:00

South Africa’s banks index have risen to levels not seen since before President Jacob Zuma unexpectedly fired Finance Minister Nhlanhla Nene in December.

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