Gordhan takes stock at first Brics bank AGM

2016-07-21 20:30

The Brics bank has moved at an unprecedented rate to fund infrastructure and development projects in Brics and other emerging and developing economies, says Treasury.

MTN beefs up team with another top banker

2016-07-08 07:49

Africa’s biggest mobile network by subscribers, MTN, has hired another top banker to join its team amid a management shake-up.

Guptas in move to buy a bank - report

2016-06-22 22:28

The Guptas could soon find a solution from being blacklisted by South Africa’s leading banks by buying their own bank, a report suggests.

UK banks investors may have ignored Brexit risk: Citigroup

2016-06-09 11:39

UK's biggest banks, down 28% on average in the past year, have even further to fall if UK voters opt to leave the European Union this month, said Citigroup analysts.

StanChart launches mobile banking push in Africa

2016-05-31 09:04

Standard Chartered is to launch its mobile and online banking platform in eight African countries, as the bank seeks to grow in Africa while European banks are retreating.

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.


ATMs spit out cash without cards as smartphones take over

2016-07-15 15:24

Forgot your bank card at home? No worries. Many ATMs will soon dispense cash with help from a smartphone and banking app.

Top officals of Nigeria's Skye Bank fired - source

2016-07-04 18:30

A source in Lagos says the Nigerian central bank has sacked top executives of Skye Bank over capital adequacy issues.

SA regulators said to query Baroda Bank on Gupta accounts

2016-06-13 14:21

South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, according to a close source.

Investec plans to raise £145m to boost capital

2016-06-02 13:32

Investec plans to raise as much as £145m by selling equity to buy back preference shares it and other South African banks issued about a decade ago.

Capitec CEO vows court battle won't stop bank's rise

2016-05-27 19:18

Capitec CEO Gerrie Fourie says the court battle against Summit will not deter him from building a bank for millions of South Africans seeking to fulfill their potential.

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.

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