As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
BUSA CEO Cas Coovadia has called on President Cyril Ramaphosa to announce reforms at debt-laden power utility Eskom.
The Banking Association of South Africa has said its members are willing to help out state-owned enterprises such as Eskom and Transnet with "expertise and resources" following a meeting with ministers.
The draft bill on debt rescue should be managed responsibly, or people could resort to loansharks, warns the Banking Association of South Africa.
Cas Coovadia from the SA Banking Association has called on Finance Minister Malusi Gigaba to reinstill trust and confidence when he delivers his mini budget in a week's time.
South Africa’s banks want to take charge of the transformation agenda by becoming more robust in their transformation strategy, according to the Banking Association of SA.
The Constitutional Court ruling that new home owners are not liable for historical debt will bring confidence to the property sector, says Banking Association SA MD Cas Coovadia.
Although a large number of people in South Africa are over-indebted it does not mean their debt needs to be extinguished as they have assets and earn an income in many instances, says an official from National Treasury.
Having a concentrated banking sector is not necessarily a weakness and having four major banks adds weight to the soundness of the financial sector, says BASA managing director Cas Coovadia.
The credit rating downgrades of SA's largest banks further emphasise policy confusion and weak leadership in the country, says the Banking Association of SA.
New Finance Minister Malusi Gigaba has assured South Africa's banks that there will be no shift in policy direction, says Banking Association MD Cas Coovadia.
The Banking Association of South Africa has urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ANC.
While unscrupulous lending practices must be condemned, responsibly managed unsecured lending is a critical tool for financial inclusion, says Cas Coovadia.
Despite the persistent problem of failing land reform projects, Cas Coovadia believes there is a solution.
There are four things that need to change to redefine the country’s starting point, says Cas Coovadia of the Banking Association of South Africa.
Government and business must work together if South Africa is to achieve accelerated inclusive growth, says Planning Minister Jeff Radebe.
Cas Coovadia says a high court ruling dismissing an application of former finance minister Pravin Gordhan against Gupta-owned Oakbay confirms the sanctity of bank-client relationships.
The banking industry remains profitable despite tough economic conditions, but matters could improve, according to banking association MD Cas Coovadia.
Complying with the Financial Intelligence Centre Act will be costly for banks and it will impact consumers, says representatives of the Banking Association of South Africa.
South Africa has yet to experience the full impact of credit rating downgrades, Banking Association South Africa MD Cas Coovadia has warned.
The firing of former finance minister Pravin Gordhan is not a political issue, according to Cas Coovadia, chair of the Banking Association of SA and part of the CEO Initiative.
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