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.

ANC's Enoch Godongwana takes over as chair of DBSA

2019-09-29 14:31

The ANC's head of economic transformation, Enoch Godongwana, is the new chairperson of the board of the Development Bank of Southern Africa.

Labour court to rule this morning whether bank strike can go ahead

2019-09-25 15:15

The labour court will on Thursday rule on whether the finance union Sasbo can go ahead with a bank strike on Friday.

Discovery Bank will soon have some of the basic functions it was missing at launch – plus extras like converting Discovery Miles to cash

2019-09-21 10:03

The new bank, which launched in June, said it is ahead of target with the number of clients joining and ready to start turning on new functions.

A new generation of banking is changing the way South Africans do money

2019-09-17 10:27

The tide is turning towards banking. What if the new generation of banks could make us better with money – and better citizens too?

Mobile phones are replacing bank accounts in Africa

2019-08-13 10:22

Sub-Saharan Africa has more mobile-money accounts than anywhere else in the world with about 396 million registered users at the end of 2018, a 14% increase from a year earlier, according to the GSM Association.

TymeBank appoints new CEO

2019-08-07 12:10

TymeBank has appointed Tauriq Keraan as its new CEO with immediate effect.

Nedbank physically shrunk by 29% more last year – and it isn’t done contracting yet

2019-08-06 16:41

Between cutting branches and shrinking others, Nedbank "saved" 29% more branch floor space over the past year, and it is not done cutting back yet.

A fired Deutsche Bank trader reportedly sent 450 internal messages after leaving — and the bank is probing a potential client data breach

2019-07-29 14:02

Around 50 traders in London and New York had access to work emails weeks after leaving, in another black eye for the beleaguered bank.

Deutsche Bank managers got lavish suits made while thousands got the axe

2019-07-10 11:40

Deutsche is being slammed for paying $52 million 'golden parachutes' to fired execs.


R954bn in 'zombie buildings' as India's real estate funding crunch hits

2019-10-04 16:12

Ashish Shah is caught in the middle of India’s latest financial crisis. As chief operating officer of Radius Developers, he’s struggling to fund construction of apartment complexes because of a liquidity crunch in the nation’s bloated shadow-banking sector.

Court stops banking strike, Cosatu warns workers shouldn't risk their jobs by staying away

2019-09-26 10:12

Banking union Sasbo has been interdicted from proceeding with what would have been the biggest banking strike in 99 years.

Court can stop bank strike on Wednesday

2019-09-23 15:36

Business Unity South Africa, representing SA's major banks, has filed a court application to interdict a planned bank strike.

What does it mean to be financially healthy?

2019-09-17 10:30

Much like our physical health, we expect our money and financial circumstances to take us where we need them to and provide for us without us having to think much about it. This is the mark of someone financially healthy – but what if you’re less healthy than you think?

Don't bank on digital disruptors, says Nedbank CEO

2019-08-29 13:48

The future of banking will be technology-led, but it remains unclear whether new players will be able to compete with traditional banking institutions in terms of scale and profitability, Nedbank [JSE:NED] chief executive officer Mike Brown said on Wednesday.

Global banks are cutting 30,000 jobs this year. It's a sign the banking crisis is only getting worse.

2019-08-12 14:05

Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.

Bank of Baroda SA fined R400 000 by Reserve Bank regulator

2019-08-06 18:34

Bank of Baroda SA has paid R400 000 in administrative penalties into the Criminal Assets Recovery Account within the National Revenue Fund, after being fined by the SA Reserve Bank's Prudential Authority.

Banking union plans largest strike since 1920

2019-08-05 20:01

South Africa's biggest financial union is threatening to disrupt the country's banking industry by leading its 73 000 members on a strike next month, in what would be its largest industrial action in almost a century.

Choose the right bank account to grow your savings

2019-07-18 10:22

An estimated 16 million South Africans have cash in bank savings accounts, but a staggering 40% of people have placed this money in low interest-bearing savings accounts.

Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank.

2019-07-06 13:39

The CEO of Germany's biggest bank is expected to announce a massive overhaul on Sunday. It's been a rough few years for the beleaguered lender.

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