If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Morning clouds. Mild.
African Bank Holdings is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the lender from its collapsed former parent.
The Independent Regulatory Board for Auditors needs more funding to be able to implement investigations for the rising number of audit failures, members of Parliament have heard.
The attorney for 10 former African Bank directors has written to the Pretoria High Court, pressing for judgment on the matter brought by African Bank’s former empowerment partners.
The board of African Bank Holdings has announced the appointment of Brian Riley and Happy Ralinala as non-executive directors of the bank and its holding company, African Bank Holdings Limited.
Basani Maluleke will become the first black woman to head a commercial bank in South Africa when she takes over the CEO position on April 1.
Steinhoff International’s auditor joins KPMG in the dock as the regulator cracks down on audit failures.
Basani Maluleke will be the first black woman banking CEO in SA should she take over African Bank in April 2018.
MMI Holdings announced a new partnership with African Bank which will see both entities expanding their service offerings for their client base.
The South African Reserve Bank and National Treasury have proposed a deposit insurance scheme to protect South Africans in the event of a bank failure.
African Bank this week issued notices to its staff related to a restructuring plan that will see as many as 652 staff members retrenched, a source told City Press.
African Bank believes it will be able to compete with the Big Five banks once its MyWORLD cheque account is launched to consumers early next year.
Board member Louisa Stephens will co-ordinate the boards’ activities until regulatory approval of a new chairperson is granted by the Prudential Authority.
African Bank's operating profits have lifted by 42% in the six months ended March 31, thanks to lower credit impairment and better collection methods.
Charges relate to financial statements signed off at African Bank Limited and African Bank Investments.
Reckless unsecured loans are at the centre of major business failures in SA and it is just a matter of time until the next bubble bursts, claims an expert.
In seeking damages, the empowerment partners of the collapsed bank are making a case for personal liability.
African Bank has reduced its staff complement by 636 full-time employees through a restructuring programme.
Deloitte, the former auditor of African Bank Investments Limited, and ex-Abil directors have filed an exception to the summons served on them by Abil's former empowerment shareholders.
African Bank has spent R72 million of its R225 million budget on building a transactional banking unit as part of the company’s plan to double its client base over the next three years.
Despite repeated requests by debt counsellors and payment distribution agencies for the department of trade and industry and the National Credit Regulator to intervene, the entire debt counselling industry could collapse.
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