Mboweni approves Capitec acquisition of Mercantile

2019-10-09 18:08

Capitec's acquisition of Mercantile Business Bank has been formally approved by Minister of Finance Tito Mboweni and other regulatory authorities.

Capitec gets nod to buy Mercantile Bank

2018-11-22 16:41

The Portuguese Council of Ministers has approved the sale by Caixa Geral de Depósitos of its entire stake in Mercantile Bank to Capitec Bank.

CEO: June D-day as 60 suitors line up to buy SA's Mercantile Bank

2018-03-07 15:53

The bank's CEO Karl Kumbier says about 60 SA and foreign companies have expressed interest in buying the bank from its Portuguese owners.

Businessman, Mercantile vow to fight 'inaccurate' lawsuit

2017-07-12 11:13

The businessman accused of colluding with Mercantile Bank in alleged illegal asset stripping worth hundreds of millions of rand says he will “vigorously defend this action”.

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.

Alleged Gupta-linked firm Homix gave bank fake docs – SARB

2017-03-16 09:45

Homix contravened rules by presenting false documentation to Mercantile Bank when it tried to send nearly R14.5m to an account in Hong Kong, the SARB has revealed.

SA business bank up for sale

2017-03-13 06:02

Mercantile Bank is being sold by its parent company in Portugal, Caixa Geral de Depósitos.


Capitec says Mercantile merger will speed up entry into business banking

2019-05-18 16:45

Capitec says its acquisition of Mercantile Bank, which has recently been approved by the Competition Tribunal, will speed up its entry into business banking.

Capitec, Nedbank, PIC on shortlist to buy Mercantile Bank

2018-06-18 10:53

Capitec, Nedbank and the Pubic Investment Corporation are on the shortlist of four potential buyers to participate in the second phase of the sale process of Mercantile Bank.

Portuguese govt gives green light for sale of Mercantile Bank

2017-12-24 16:44

The official process of the sale of Mercantile Bank by a Portuguese state-owned banking and financial services group, can now go ahead.

Mercantile Bank sued for R350m over fraud conspiracy claims

2017-07-10 13:21

Mercantile Bank has been taken to court over allegations that it conspired in illegal asset stripping worth hundreds of millions of rand.

National Empowerment Fund mulling offer to create black-owned bank

2017-03-22 12:07

National Empowerment Fund CEO Philisiwe Mthethwa says the fund is considering an offer of R12.2bn for Mercantile Bank, which will be selling its South African bank.

Bank sale opens door for black owners

2017-03-14 09:25

Black investors seeking to gain market share in the banking industry have been given an opportunity to enter the market with the sale of Mercantile Bank.

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