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ARTICLES RELATING TO BANKS

Lenders have billions at risk as Steinhoff crisis deepens

2017-12-09 11:01

Blindsided by the sudden plunge in Steinhoff shares and bonds, US and European banks have been told they’d have to wait another week to confront the global retailer over an accounting scandal.

Judgment reserved on Bankorp-CIEX matter

2017-12-07 12:40

Judgment on the Bankorp-CIEX report has been reserved and the court will endeavour to deliver judgment early 2018.

SARB’s attack could cost Mkhwebane her job, PP counsel argues

2017-12-06 14:50

Public Protector Busisiwe Mkhwebane’s legal counsel has argued that the SARB has launched a personal attack on her integrity which could cost Mkhwebane her job.

Mkhwebane ditched ABSA to meet BLF instead, court hears

2017-12-05 15:25

Instead of granting ABSA its request for a meeting, the Public Protector chose to meet with other parties - including ABSA’s adversary BLF - before finalising the Bankorp-CIEX report.

Lending new relevance to Africa’s banks

2017-12-05 10:36

The continent’s banking sector is harnessing new technology to beat old challenges.

Taking aim at Mkhwebane

2017-12-03 09:41

Firing its latest salvo in the CIEX court case, the central bank wants the Public Protector to pay dearly, writes Dewald van Rensburg.

Bidvest Financial Services adds FinGlobal to trolly in buying spree

2017-11-21 11:11

Bidvest Group’s financial services unit has agreed to buy majority shareholding in FinGlobal, a provider of financial services to South Africans living abroad, as part of an acquisition drive to diversify its business.

Fiscus ‘high risk’ to SA’s financial stability – SARB

2017-11-09 21:30

South Africa's deteriorating fiscal position has been identified as a high risk to the country's financial stability, according to the SA Reserve Bank in its latest semi-annual Financial Stability Review.

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.

Winslyn looks at the role of tech in the financial sector in Africa

2017-10-11 14:52

kykNET's Winslyn reports on how technology drives partnerships in the financial services sector in Africa. (Afrikaans content.)

 

Bankorp-CIEX case in 10 quotes

2017-12-08 21:10

This week the court heard how the Public Protector failed to “apply her mind” during the Bankorp-CIEX probe and possibly breached the Constitution. Fin24 wraps up the top 10 quotes heard in the case.

Bankorp’s lifeboat was unlawful – PP’s counsel

2017-12-07 12:05

The Public Protector’s counsel has argued that the lifeboat extended by the SARB to Bankorp, which was facing insolvency during the apartheid era, was unlawful.

SARB lawyer climbs into Mkhwebane, says she misled, disrespected the court

2017-12-06 12:06

Public Protector Busisiwe Mkhwebane’s conduct during the litigation process of the Bankorp-CIEX report was disrespectful to the law and the courts, the SARB’s counsel has argued.

Bankorp-CIEX: Court rejects Open Secrets' intervention bid

2017-12-05 12:08

The court review of the Bankorp-CIEX report started with non-profit company Open Secrets presenting its case to be admitted as a friend of the court.

Court to review Bankorp-CIEX report on apartheid bailout money

2017-12-05 10:03

A court will review the Public Protector’s report on apartheid bailout money for Bankorp which was bought by ABSA, to determine if there are still monies outstanding to the Reserve Bank.

A November to remember for SA's resilient bank stocks

2017-12-01 07:51

Instead of buckling under an increasingly negative outlook for 2018, bank stocks have reacted by recording their best month of gains since March last year.

KPMG highlights need for reforms in sector - SARB

2017-11-10 08:58

The developments around audit firm KPMG following its implication in state capture has stressed the need to introduce reforms in the auditing and accounting professions, said Deputy Reserve Bank Governor Francois Groepe.

Capitec named SA bank with best social media buzz

2017-11-06 15:44

A new report by BrandsEye, based on 1.8 million social media posts, found Capitec to have the best online 'net sentiment' of SA's big five banks.

Govt could dispose of Telkom shares to avoid expenditure breach

2017-10-25 14:22

Government may dispose of a portion of its “well-performing” shares in fixed and mobile operator Telkom in efforts to avoid a R3.9bn expenditure ceiling breach.

Nedbank reviewing McKinsey's services amid governance concerns

2017-10-04 23:37

Nedbank Group says it’s talking with US-based consultancy McKinsey about allegations leveled against the firm regarding its involvement in disputed government contracts.

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