Ex-Sanlam exec appointed CIO at Ashburton Investments

2019-10-11 15:00

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.

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.

Discovery: Why we refused elderly man's R14m insurance claim

2019-09-27 19:03

Discovery Life has responded to a report alleging that it deliberately withheld a life cover benefit to a client.

Not so fast, Moyo, says Old Mutual, after court rules against it - again

2019-09-06 19:20

Axed CEO Peter Moyo will not immediately be returning to work if Old Mutual has its way, the company said in a statement on Friday evening. But Moyo will be going to work on Monday, he told Fin24.

Trouble for Peter Moyo as Old Mutual plans to exit his company, which is also being sued by the IDC

2019-09-02 08:41

Old Mutual’s results for the six months to end-June show a 10% increase in its headline profit to R5.2bn - thanks in part to higher investment returns in South Africa.

Standard Bank sees its west African growth taking off from 2020

2019-08-23 13:09

Standard Bank expects its investment into French-speaking West African countries to start taking off once its Ivory Coast business becomes established and Senegal becomes operational.

'Delighting' clients undermine accounting industry's moral courage - KPMG SA chair

2019-08-14 10:25

"Delighting" clients has become the primary aim for accounting firms and this undermines their moral courage, says KPMG SA chair Wiseman Nkuhlu.

Absa posts half-year earnings growth of 3%

2019-08-13 08:07

Absa has posted earnings growth of 3% for the first half of 2019, it was bolstered mainly by its South African retail and business banking unit.

TymeBank appoints new CEO

2019-08-07 12:10

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

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.


Absa plans China office in Asia investment banking expansion

2019-10-11 11:17

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.

Nigeria ups the ante on banks with tougher lending demands

2019-10-04 19:41

Nigeria’s central bank is increasing pressure on lenders to keep providing credit to boost economic growth in Africa’s biggest oil producer.

'Moyo's lawyer is not the judge.' Old Mutual insists it isn't in contempt of court

2019-09-25 11:11

Peter Moyo is now threatening to return to work with a sheriff in tow.

Furious Capitec lashes out against Transnet after state capture deal

2019-09-05 09:16

Transnet wants Capitec to pay the price for the state-owned entity's "mistakes" in dealings with Regiments Capital, says the bank's CFO.

'Catastrophes' and hail damage dent Santam profit - but MiWay sees good growth

2019-08-29 10:46

Fires in the Betty’s Bay area, hail damage in Newcastle and storm and flood damage in KwaZulu-Natal had a net impact of R221m on Santam's results.

New ethics code for accountants: action must be taken on threats straight away - expert

2019-08-15 21:11

Accountants are now bound by a revised code of ethics to take action when they perceive a threat to their ethical standards, according to experts at the SAIPA Accounting Indaba on Tuesday.

Moyo not backing down, wants Old Mutual directors declared in contempt of court

2019-08-13 15:42

Old Mutual is set to head to court on Friday to battle it out with its on-again, off-again CEO Peter Moyo in the second round of a corporate clash that Moyo has dubbed 'David vs. Goliath' in court papers.

Sunday Read: What next for Old Mutual and Peter Moyo?

2019-08-11 09:03

Old Mutual’s on and off again CEO Peter Moyo was reinstated a week and a half ago by the Gauteng High Court in Johannesburg but he is yet to take up the reins again as he and the company’s legal team clash over what exactly the judgment means.

Motsepe's African Rainbow Capital acquires 25% stake in estate planning firm

2019-08-06 22:06

Empowerment investment holding company African Rainbow Capital has acquired a 25% shareholding in specialist financial services firm Capital Legacy.

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.

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