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.

Gordhan stays mum on Oakbay banks case

2017-03-24 16:15

The Gordhan/Oakbay court battle will commence next week, but Finance Minister Pravin Gordhan would not weigh in on the matter.

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.


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".

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.

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