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Financial Services

IMF warns on growth of shadow banking

Oct 01 2014 20:30

Lightly regulated "shadow banking" has grown to huge proportions in the global financial system and increasingly poses a risk to stability.


In depressed platinum market, Amplats struggles

Oct 01 2014 19:07

Less than a year after ending an annual supply contract with its main buyer, Amplats is struggling to implement a new strategy of selling directly to end-users.

Financial Services

Old Mutual completes sale

Oct 01 2014 18:45

Old Mutual Plc has announced the sale of Skandia Germany and Skandia Austria to Heidelberger Leben Group.


Pepsi to launch naturally soda on Amazon

Oct 01 2014 18:15

PepsiCo is for the first time introducing a product exclusively through Amazon.com as the snack and soft drink maker aims to expand its footprint in e-commerce.

Financial Services

JPMorgan faces suit over mortgage bonds

Oct 01 2014 17:45

JPMorgan Chase will face a US class-action lawsuit over the sale of $10bn worth of allegedly falsely valued mortgage bonds before the financial crisis.

Financial Services

Shuttleworth wins R250m case against Sarb

Oct 01 2014 17:09

Billionaire businessman Mark Shuttleworth has won his appeal against the SA Reserve Bank and has been awarded R250m with interest by the court of appeal.


Bonatla warns of earnings loss

Oct 01 2014 13:45

Bonatla Property has advised that the earnings per share for the period ended June 30 2014 are expected to move from an earnings position to a loss position.


Oil exploration returns to Alsace region

Oct 01 2014 13:20

Sustainably high oil prices have lured small oil explorers back to Alsace, the cradle of the French oil exploration industry.


UK watchdog to investigate Tesco scandal

Oct 01 2014 12:36

Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped £4bn from the grocer's stock market value.

Financial Services

Wonga SA chief hits the road

Oct 01 2014 12:20

Wonga.com CEO Kevin Hurwitz has left the company in search of new opportunities after launching the online micro lending business in 2012.

Inside Fin24.com


Gem Diamonds sells white diamond for $10.6m

Oct 01 2014 11:30

London-listed Gem Diamonds says it has sold a 198-carat white diamond recovered from its Lesotho mine in August for $10.6m.


African Minerals to sell stake in mine

Oct 01 2014 09:29

Battered African Minerals is open to selling a minority stake in its only mine as part of a financial rescue after a 97% drop in first-half core earnings.

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