The Budget presents a dilemma to the unions. Mboweni himself grappled with the conflicting demands, writes Mpumelelo Mkhabela.
Business Leadership South Africa says it has turned down an offer from Capitec Bank to pay for a report on short seller Viceroy Research, which had earlier in the year targeted the lender.
S&P Global Ratings says that neither the Viceroy report nor the market’s reaction to it will impact its rating of Capitec.
Whatever one's opinion of Capitec, there is much about Viceroy that triggers alarm bells of an attempt to provoke market panic, even if not to short and distort, says Gwen Ngwenya.
The potentially damning Viceroy research report into Capitec has pointed out the close ties between members of the bank’s executive board and those of Steinhoff.
The trade union met this week with senior Capitec management to discuss issues raised in Viceroy Research's negative report on the health of the bank's loan book.
Capitec Bank has moved to soothe clients and investors, rejecting what it called "the key allegations and the inaccurate statements" in the Viceroy report.
Viceroy, the US-based research group that exposed accounting failures at embattled global retailer Steinhoff, has struck again, this time exposing Capitec Bank for alleged "predatory finance." Watch as Capitec responds to this latest report.
Viceroy, the group that exposed the accounting fraud at Steinhoff, has struck again. Its new report focuses on Capitec - and the unsecured lender is feeling the heat.
Cape TownO'Dwyer Personnel
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 2 630 000
R 2 395 000
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