Jeremy Cronin has gone out of his way to use his standing in the movement to help facilitate the counter revolution, writes Thami Ntenteni.
The "Debt Relief Bill" allows low-income workers to extract themselves from debt through debt restructuring if they earn a gross income of R7 500 or less per month, have unsecured debt of R50 000, or have been found to be critically indebted.
In an effort to boost economic growth in Africa’s most-populous country, Nigeria is giving its banks a choice: lend more money, or hand it over to the central bank and earn nothing on it.
The matter dates back to February 2017, when the commission referred a forex collusion case initially involving 17 banks to the tribunal for adjudication.
The Competition Commission has recommended to the Competition Tribunal that it give the green light to a proposed merger that will see Absa acquiring target assets from Société Générale.
Hundreds of thousands of jobs have disappeared on Wall Street since the 2008 financial crisis and some of the biggest banks haven’t stopped cutting. Still, some firms managed to reverse the trend and are slowly boosting staff levels.
A rout in the once-hot market for risky corporate loans has some of Wall Street’s largest banks stuck with at least $1.6bn of unwanted leveraged buyout debt.
The law at the heart of South Africa's national payment system needs an update, the Reserve Bank says, and its proposal on how to do that foreshadows a fully digital national currency – and the end of banks' oligopoly on low-value retail transactions.
While Theresa May tries to get her Brexit deal over the line, banks have already packed their bags and started moving to Frankfurt.
As the fight for dominance of South Africa’s retail-banking segment hots up, Absa is considering a change in tactics to boost revenue.
Fin24 users speak of their frustrations with banks, calling for a crackdown on debit order fraud that sees payments they didn't authorise being deducted from their bank accounts each month.
Zimbabwean banks intend to fight a $100m lawsuit brought by Cambria Africa's units in the country following a dispute over payments, court filings show.
FirstRand Bank is facing the retirement of four of its board members, but has managed to negotiate a reprieve for its chair, the group said on Tuesday.
The matter dates back to 2017 when the Competition Commission referred a collusion case involving 17 banks to the Tribunal. Three domestic banks – Absa, Standard Bank and Investec were among those named.
As banks close branches, they have to decide what to do with their old offices
British multinational banking and financial services company, Standard Chartered, has pleaded guilty to manipulating currencies, including the rand, between 2007 and 2013.
Capitec has lowered the minimum value that triggers an SMS notification for clients to be made aware of small debit orders from their accounts in an effort to fight unauthorised transactions.
The SA Reserve Bank, having handed out the first three bank licenses in 11 years, is keen to see more entrants into the industry to drive down costs for consumers.
First National Bank and a startup financial-technology company in South Africa are partnering to connect informal traders in townships with fast-moving consumer-goods companies.
A new bill proposed by Treasury intends to amend five acts, including one which will affect state banks.
Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.
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