FSB fines financial services companies

2016-09-15 18:42

The Financial Services Board has slapped fines on Lion of Africa Life Assurance Company and Sanlam Collective Investments.

Where is Aarto? Justice Project SA, AA responds

2016-07-11 10:35

'No 'pilot' of anything should have taken eight years to still not find a way to a national rollout' says the Justice Project of South Africa as it asks 'When will Aarto be rolled out in SA?'

Standard Bank steps up fraud controls as losses to fines mount

2016-05-26 12:53

Standard Bank is bolstering internal controls after shareholders criticised managers and executives at Africa’s biggest bank by assets for a series of fines and losses tied to fraud.

MTN to dispute huge Nigeria fine in Lagos court

2015-12-17 18:12

MTN Group will challenge a $3.9bn (approximately R58bn) Nigerian fine in court after resolving that the penalty wasn’t within the powers of the country’s telecommunications regulator to impose.

'Disgruntled manager' sues Vodacom DRC for R200bn

2015-11-19 09:55

Mobile operator Vodacom is being sued in the Democratic Republic of the Congo by a controlling shareholder of a minority partner in that country.

MTN, bank fines sign of Nigeria struggling?

2015-11-03 15:34

If Nigeria is broke and fining companies to make up for the shortfall in oil revenues then we should worry, says an analyst.

UBS to pay $545m over forex scandals

2015-05-20 12:15

UBS will plead guilty to rigging benchmark interest rates and pay $545m to US authorities to settle their probe into alleged manipulation of foreign exchange rates.

Group Five faces collusion claim

2015-03-17 21:15

A case of collusive tendering against construction company Group Five has been referred to the Competition Tribunal, the Competition Commission says.

Racer reader's traffic drama: 'Know your rights'

2014-12-05 10:57

'Sergeant-Major-I-have-a-gun-and-you-don't' screamed at me for breaking a number of laws... writes Wheels24 reader and SA racer, SASS KLOPPERS, who shares his run-in with the law.

RBS gets $88m fine for financial crash

2014-11-20 16:09

The Royal Bank of Scotland has been fined £56m by regulators for a system crash in 2012 that left millions of customers unable to make or receive payments.


Traffic fines ‘warrant’ explanation in SA

2016-08-23 14:09

The City of Cape Town would like to caution motorists against an increase in warrants of arrest being generated for failure to appear in court. Do you understand what the difference between types of fines issued?

Standard Bank fined over forex violations

2016-06-29 11:53

Standard Bank's Angolan unit has been slapped with a fine by the central bank for foreign exchange violations, but the lender says it didn't breach any rules.

France slaps Aviva with €950 000 fine

2016-04-12 13:45

France's financial market regulator has slapped a €950 000 fine on Aviva Investors France.

French mobile operator Orange fined $380m for competition breach

2015-12-17 16:10

French telecommunications operator Orange has been fined $380m for breaching competition rules in the corporate market, the French competition regulator says.

Discovery fined for enticing customers

2015-11-13 07:28

The Financial Service Board has penalised Discovery for promoting “rewards” which are unrelated to actual benefits.

UK watchdog defends hefty fines for banks

2015-06-17 14:45

Stiffer fines for banks caught trying to rig markets have not undermined financial stability or the ability of lenders to stay solvent, says a British regulator.

Deutsche Bank fined record $2.5bn

2015-04-24 10:26

Deutsche Bank has agreed with US and British authorities to pay a record $2.5bn to resolve investigations it manipulated benchmark interest rates.

R10m fine: Deutsche Bank working with Sarb

2015-02-22 14:11

Deutsche Bank says it has fully co-operated with the SA Reserve Bank after a branch in Johannesburg was slammed with a R10m fine.

Cable company to pay R81m for collusion

2014-12-04 09:28

Electric cable manufacturing company ATC has agreed to pay R80.7m in an agreement with the Competition Commission after admitting to collusion.

RBS faces fine for 2012 system crash

2014-11-19 20:00

Royal Bank of Scotland is expected to be fined by Britain's financial regulator after millions of customers were unable to make or receive payments in 2012.

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