SA banks prepare for the worst as junk rating looms

2017-11-14 09:13

South African banks are preparing for the worst when it comes to the threat of another downgrade of the country’s debt.

Unsecured lending could boost struggling economy

2017-11-05 14:59

Unsecured lending could help lift the SA economy which is expected to grow by less than a percent this year, says economists.

Business loss from storms could top R500m - expert

2017-10-11 18:10

Losses to businesses due to damages from this week's devastating storms in KZN could conservatively amount to between R400m and R500m, according to an insurance expert.

Competition Commission refuses to release rand probe records

2017-09-18 15:56

The Competition Commission has declined the Standard Bank Group's request to release details of its investigation into currency manipulation.

Sim goes it alone

2017-09-17 06:00

Standard Bank boss affirms the group’s strategy that, although it was criticised, appointing two CEOs in 2013 made sense.

Standard Bank CEO move a big win for transformation - Gigaba

2017-09-12 17:48

Sim Tshabalala’s appointment as sole CEO of Standard Bank marks progress of transformation within the financial services sector, says Finance Minister Malusi Gigaba.

SA banks rein in lending as economy stutters

2017-09-08 12:18

South Africa’s four biggest banks, pummelled by political wrangling and enmeshed in economic malaise, are increasingly shying away from their main role: lending.

Anxious week for 300 staff of VR Laser

2017-09-03 06:00

It will be an anxious week for 300 employees of VR Laser (VRL).

Billionaire Motsepe seeks to shake up SA banks with Tyme

2017-08-24 20:40

The banking partner of billionaire Patrice Motsepe’s African Rainbow Capital is close to getting a license that it wants to use to challenge the dominance of SA’s biggest lenders.

Zwane’s alleged interference in Gupta bank dispute unlawful - judgment

2017-08-18 12:47

The alleged interference in the dispute between the Guptas and SA’s top four banks by Cabinet’s inter-ministerial committee was unlawful, the North Gauteng High Court has ruled.


Standard Bank denied request to access records in forex case

2017-11-06 19:41

The Competition Tribunal has said it will not yet give Standard Bank a copy of the Competition Commission’s investigation into alleged rand dollar currency manipulation by banks.

McKinsey bleeds two bank clients - report

2017-10-29 17:00

Standard Bank and Absa will not be renewing their contracts with global consulting firm McKinsey, according to a report.

Standard Bank sticks with KPMG, McKinsey and SAP

2017-10-08 06:00

Standard Bank is continuing to use the services of three companies that are under public scrutiny, despite evidence that all of them have been involved in corruption.

SA banks can still thrive in Africa - analyst

2017-09-18 05:00

Despite a tough six months for banking operations in the rest of Africa, there is still a business case for SA’s four major banks to continue their operations, says an analyst.

Barclays Africa scrutinises KPMG relationship amid Gupta scandal

2017-09-15 11:00

Barclays Africa is reviewing its relationship with KPMG as the auditing firm comes under scrutiny for work done on behalf of SA companies linked to the politically connected Gupta family.

Standard Bank hands over reins to first sole black CEO

2017-09-12 10:50

Standard Bank has appointed Sim Tshabalala as sole chief executive officer, ending a dual role he shared with Ben Kruger, making him the first black person to lead alone.

PMI drops as private sector stagnates in weak economy

2017-09-05 11:28

South Africa's private sector is languishing in current weak economic conditions, according to the Standard Bank Purchasing Managers' Index.

Competition Commission won’t take it easy on banks hoping to settle on forex cartel matter

2017-08-31 05:00

The Competition Commission says banks implicated in the forex cartel matter should not expect the same kind of settlements reached with other banks.

Weathering Africa's commercial real estate storm

2017-08-24 18:52

What threatens risk in Africa is equally what contributes to making the continent such a landscape of opportunity, says a real estate finance expert.

Standard Bank delivers sturdy results

2017-08-17 09:57

Standard Bank turned in a solid performance in the last half year, reporting an 11% rise in profit.

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