The battle to remove Gordhan and ultimately President Cyril Ramaphosa from office is in full swing, writes Adriaan Basson.
Partly cloudy. Mild.
Capitec shook up South Africa’s staid and conservative banking culture with the revolutionary premise that banks existed primarily to serve their customers, not their shareholders.
The U.K. banking system is stronger than it was after it almost brought the nation to its knees a decade ago, but people who oversaw the crash are still fearful of a repeat.
After more than a decade of South Africa’s biggest banks not having to face fresh competition, new rivals are stacking up.
British bank Lloyds, bailed-out by the UK government at the height of the financial crisis, has announced that it has returned to full private ownership.
Two UCT students who designed a risk ranking, which identifies which financial institutions put South Africa’s financial system most at risk, explain the list to Fin24.
The idea of a state-controlled bank smacks of ulterior motives, cautions civil rights group OUTA.
By insisting that policy must trump politics President Obama saved the American banking system and economy, writes Mpumelelo Mkhabela.
Capitec had to do damage control after a problem with banking services left clients fuming over the weekend.
Barclays is expected to sell more of its stake in its African subsidiary in the coming weeks to take its holding in the business to less than 50%.
Ratings agency Moody's has lowered its outlook for the South African banking system to negative from stable, citing deteriorating operating conditions.
By its own admission, Absa is lagging FirstRand, Nedbank and Standard Bank in the average number of products per customer and the loyalty of its clients.
The UK Prime Minister proposed a looser partnership with the European Union in financial services, dropping demands for UK-based banks to retain easy access to the bloc.
The bank, whose share price has decreased by some 20%, said it was reviewing the US short seller's new report, and would respond in details in a media briefing on Tuesday afternoon.
Local banking stocks have shown remarkable resilience despite various headwinds. Indications are that underlying factors still favour this sector. But should you buy in?
National Treasury says South Africa’s financial sector regulatory reform process is well under way, following allegations of rand rigging and market allocation by several banks.
Invoiceworx was founded by two former bankers, who are in the process of creating a platform that will enable small- and medium-sized enterprises to have quick and transparent access to lines of credit.
Capitec has admitted to Fin24 that even being voted the best bank in the world means nothing to a disappointed client, after the bank's services suffered downtime this weekend.
Regulating the banking sector in South Africa is a “difficult balancing act”, says Finance Minister Pravin Gordan.
The Payments Association of South Africa has introduced a new standard that would see fingerprint authentication for card payments becoming a reality in the near future.
How did a small South African bank manage to rise through the ranks at a time when consumer and investor confidence was at a low?
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