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Financial Services

Judgment reserved in Shuttleworth case

Mar 03 2015 21:15

The Constitutional Court has reserved judgment in the Reserve Bank application for leave to appeal a Supreme Court of Appeal judgment in favour of billionaire Mark Shuttleworth.

Financial Services

Shuttleworth charge was not a tax, court hears

Mar 04 2015 06:14

The exchange control charge imposed on Mark Shuttleworth formed part of a regulatory environment and was not a tax, the Constitutional Court has heard.

Financial Services

Barclays Africa earnings up 10%

Mar 03 2015 14:25

Barclays Africa has reported higher profits as it applied for a Nigerian banking licence and wants to take over the Egypt and Zimbabwe units still ran by its parent company.

Financial Services

BoE fired FX chief for series of misjudgements

Mar 03 2015 14:30

The Bank of England has dismissed its former chief foreign exchange dealer because of a series of inappropriate actions says BoE governor.

Financial Services

Court hears who had to make Shuttleworth call

Mar 03 2015 12:53

The decision whether to reverse an exit charge on Mark Shuttleworth's capital transfer out of SA should not have rested with the Reserve Bank, the Constitutional Court has heard.

Financial Services

African Bank collects up to R2.4bn a month

Mar 03 2015 10:51

African Bank continues to operate in a stable manner with total monthly collections of up to R2.475bn between August 2014 and January 2015.

Financial Services

Barclays Africa applies for Nigerian licence

Mar 03 2015 08:57

Barclays Africa has applied for a licence to operate in Nigeria and says it is keen to take over operations in Egypt and Zimbabwe that still belong to its parent firm.

Financial Services

Santam earnings up 40% thanks to good weather

Mar 02 2015 15:37

Short-term insurer Santam has reported a 40% jump in full-year earnings, slightly lower than expected, after a turnaround in its crop insurance segment.

Financial Services

UK govt resists widening banker bonus curbs

Mar 02 2015 15:18

Rules to prevent bonuses from encouraging excessive risk taking at banks should not be extended to junior staff, says a British government minister.

Financial Services

Customers slightly happier with SA banks - index

Mar 02 2015 14:03

SA banks have achieved slightly higher customer satisfaction scores in an index, with Capitec and FNB tops in perceived quality and exceeding expectations.

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Financial Services

Sarb, Shuttleworth row before ConCourt

Mar 02 2015 13:08

The Constitutional Court will hear the SA Reserve Bank's application for leave to appeal a Supreme Court of Appeal judgment in favour of entrepreneur Mark Shuttleworth.

Financial Services

Top European banks in FX probe - sources

Mar 01 2015 18:15

The New York state financial regulator has subpoenaed three major European banks and a US peer in a probe of foreign-exchange rigging, sources say.

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