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Financial Services

Capitec ventures into foreign waters

Mar 24 2017 17:47

Capitec Bank is making its maiden venture into international markets, but investors have shown little enthusiasm if the bank's share price is anything to go by.

Financial Services

Banks take $252bn in free long-term loans

Mar 23 2017 17:27

Euro lenders have taken €233.5bn in free long-term loans from the European Central Bank as they prepare for the potential end of extraordinary stimulus.

Financial Services

WATCH: Sygnia's lower fees disrupted financial services market - CEO

Mar 26 2017 14:05

We are seen as a disruptor because we are launching our financial products at significantly lower fees, a move many of our competitors followed, says Sygnia CEO.

Financial Services

22seven founders look to new horizons

Mar 23 2017 17:56

Old Mutual to make 22seven part of its in-house digital strategy. Founder of the budgeting and investing app Christo Davel shares on future plans.

Financial Services

BMF growls over "useless" Financial Sector Charter

Mar 22 2017 19:07

The Financial Sector Charter that stipulates good practice and black economic empowerment requirements for the industry “are useless”, says the Black Management Forum.

Financial Services

Mercantile responds to black bank takeover bid proposal

Mar 22 2017 14:24

The National Empowerment Fund has not approached Mercantile Bank or its holding company to express interest in purchasing Mercantile Bank, it has announced.

Financial Services

Banks close accounts as last resort - SARB's Naidoo

Mar 22 2017 12:12

It is not the intent of banking legislation to close the bank accounts of individuals and businesses, says Reserve Bank deputy governor Kuben Naidoo.

Financial Services

National Empowerment Fund mulling offer to create black-owned bank

Mar 22 2017 12:07

National Empowerment Fund CEO Philisiwe Mthethwa says the fund is considering an offer of R12.2bn for Mercantile Bank, which will be selling its South African bank.


Financial Services

Sanlam set to expand East Africa footprint

Mar 22 2017 12:43

Sanlam has reached an agreement with asset manager PineBridge Investments to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited in Kenya.

Financial Services

Black people still used as tokens - Zodwa Ntuli

Mar 22 2017 10:58

Black people are still used as tokens in companies in South Africa that have not transformed adequately, says Zodwa Ntuli of the black empowerment commission.

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