There are hundreds if not thousands of public servants who are facing disciplinary action - they did not benefit directly, writes Melanie Verwoerd.
Mostly sunny. Mild.
Kennedy is ready to take up a new challenge when he retires as head of corporate and investment banking - perhaps even at one of the ailing state-owned companies.
The Financial Sector Conduct Authority has provisionally withdrawn the licence of a Pietermaritzburg-based investment company, Exclusive Life Financial Services.
Absa has put forward one of its long-standing female executives, Cheryl Buss, to lead its recently-established international unit as it expands its global footprint beyond the UK.
Sanlam said the relationship it forged with Capitec in May 2018 continues to exceed its expectations, selling roughly 100 000 policies a month.
The outlook of S&P on South African banks - including the government-owned Development Bank of South Africa - is now negative, in line with the rating agency's downgrade of its outlook on the SA sovereign.
Australian multinational financial services group Macquarie intends to exit its cash equities business in SA.
The rebranding and renaming will be rolled out following the completion of its demerger from the Investec Group.
Alexander Forbes and axed group executive Andrew Darfoor have reached a settlement, the financial services firm has confirmed.
The assets of cancelled and dormant funds were often moved into unclaimed benefits funds held by the fund administrator. Since 2008, the assets of these UBFs have increased from R450m to over R8bn, says a new report.
Patrice Rassou, former head of equities at Sanlam Investment Managers, has been appointed Chief Investment Officer at Asburton Investments, the asset management arm of FirstRand.
The South African Reserve Bank has imposed administrative sanctions on five major banks due to weaknesses in the banks’ money laundering control measures. This didn't mean they had facilitated transactions involving money laundering, the SARB added.
TymeBank says it's ready to start rolling out unsecured lending from February next year.
SA’s fastest growing digital bank, TymeBank, has attracted mostly low-income earners, many of whom don’t use smartphones for banking, and says it will be switching gears in a bid to triple its size by the end of 2020.
The financial sector is falling behind on its transformation targets, reports show.
African Bank Holdings saw its profits after tax jump 13% to R1.15bn as it continued to focus on building trust and diversifying offerings.
FirstRand, Africa’s biggest bank by market value, just became a possible takeover target - at a time when potential buyers are scarce.
Global audit and advisory firm, Mazars has launched a practice to offer skills and consulting services to businesses in the financial sector.
Financial regulator the Financial Sector Conduct Authority has warned the public not to enter into any agreements with unauthorised entities associated with Coin-it Trading.
US Bancorp is cutting thousands of branch workers as it works to adjust to changing customer preferences, according to a person briefed on the decision.
Absa’s corporate and investment banking unit plans to open an office in China as part of an expansion that will also target other parts of Asia and the Middle East.
Cape TownemergeR560.00 - R580.00 Per Hour
Cape Town Southern Suburbs1st Contact T/A Sable International
Cape Townemerge R580 000.00 - R620 000.00 Per Year
R 1 195 000
Apartments / Flats
R 13 500
R 13 950
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.