Guptas ‘tried to use front’ to extract Sahara assets

2018-11-12 06:28

Nearly R20m in Gupta-linked cash appears to be in limbo and may be forfeited to the state following a failed attempt to 'purchase' two aircraft owned by Sahara Computers.

KPMG on Nedbank: We are disappointed, but our business has changed

2018-10-29 18:14

It is always disappointing to lose a client, but mandatory audit firm rotation means more of the same is likely to come, the audit firm has said.

'Substantial value' as Old Mutual unbundles majority shareholding in Nedbank

2018-09-27 10:25

Old Mutual Limited has announced the unbundling of its majority shareholding in Nedbank to its shareholders.

#StateCaptureInquiry: Absa also refused to meet with Cabinet ministers over Gupta accounts

2018-09-18 18:47

Absa has been the third bank to testify at the inquiry headed by Deputy Chief Justice Raymond Zondo after Standard Bank and FNB.

ANC commits to orderly land reform

2018-09-07 17:13

The ANC pledged to tackle land reform responsibly as investor concerns mount over plans to change the Constitution to allow for expropriation without compensation.

Dampened corporate demand for credit

2018-08-30 22:13

Private sector credit extension slowed year-on-year in July, weighed down by the corporate credit segment.

Nearly half of SA's debt from top creditors 'appears reckless'

2018-08-27 17:14

Some 40% of the credit provided by the country's top 10 credit providers appears to be reckless, a new survey has found.

Nedbank sees asset growth expanding more slowly than SA GDP

2018-08-07 09:22

Nedbank has forecasted that the rate of growth in interest-earning banking assets will be below that of the economy in 2018.

Nedbank first-half earnings jump as Ecobank returns to profit

2018-07-26 11:55

First-half earnings rose between 23% and 28% from a year ago, after Ecobank Transnational, the lender in which it holds a 20% stake, returned to profit.

How retired nurse bought sewing machines for her business

2018-07-01 15:26

When retired nurse Angel Sibeko wanted money to buy new sewing machines for her business, she did not go to a bank for a loan.

 

Capitec, FNB rule the roost in banking innovation - index

2018-11-02 14:40

While Capitec rose to the top among the banks overall, First National Bank posted the most improvement.

Rising US Treasury yields continue to supress global stocks

2018-10-08 18:36

The drop on Monday was led by the Chinese mainland benchmark which reopened after a week-long holiday to trade significantly lower. The Shanghai Composite Index eventually closed 4.3% lower while the Hang Seng lost 1.39%.

WRAP: #StateCapture inquiry: Mosebenzi Zwane made 'threat' about Nedbank's licence

2018-09-19 19:02

Former Mineral Resources Minister Mosebenzi Zwane tried to pressure Nedbank to take on Gupta-linked accounts in an effort to save jobs, the state capture commission has heard.

Big SA banks stay resilient despite economic headwinds - PwC report

2018-09-10 19:34

PwC's analysis has found that the major banks have continued to spend considerable time and cost on their digital strategies, while enhancing loyalty programmes to attract a greater share of the "customer wallet".

Absa tried to hit back at Nando’s – and now it is taking pain from competitors about its fees

2018-09-06 17:22

It's now basically a war between banks, triggered by a chicken restaurant.

Banks weigh new fund to boost black farm ownership

2018-08-29 10:22

Banks are in talks to start a joint fund that could be used to accelerate the transfer of land to black people as they seek to protect billions of rand in assets tied up in farm loans.

VBS crisis gives Nedbank a boost

2018-08-07 16:18

Nedbank assisted 17 000 former VBS clients after it was appointed to administer depositor funds of the ill-fated mutual bank.

SA banks set to show malaise gripping economy

2018-08-03 09:46

South African banks face another wasted year for earnings growth, as the euphoria that greeted Cyril Ramaphosa’s ascendancy to the presidency fades.

Hundreds of VBS clients already have new bank accounts, but no 'stampede' - Nedbank

2018-07-16 19:00

There has been no "stampede" of VBS customers trying to withdraw money, the divisional executive for retail and business banking at Nedbank tells Fin24.

Eight simple ways to save big on bank charges

2018-07-01 14:04

There's good news on bank charges. You're already saving, and you could be saving more.

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