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Barclays Africa Group has apologised for its role in a rand-fixing affair involving 17 banks, saying it tipped off regulators about the practice after suspending two of its own traders.
Parliament has passed amendments to the Financial Intelligence Centre Bill, leaving the president with the choice to either sign it into law or refer it to the Constitutional Court.
The ANC Women’s League has called on the Competition Commission to cancel a settlement it reached with Citibank over the financial institution’s participation in collusion.
Although the rand is one of the most traded currencies in the world, there is no evidence yet that banks' collusive practices influenced its value, says the Competition Commissioner.
Citibank is pleased after agreeing to a penalty of almost R70m to settle a probe accusing the US bank of participating in an alleged cartel to manipulate the value of the rand.
The Registrar of Long-term Insurance has referred a case against Lombard Life to the Enforcement Committee of the Financial Services Board.
Citibank has agreed to pay an administrative penalty of R69.5m for being part of the forex trading cartel.
Royal Bank of Scotland has risen to a 12-month high in London trading after scrapping plans to sell its Williams & Glyn banking unit, removing one of the biggest obstacles to paying dividends.
Savvy investors are eyeing off-grid solar power as a vehicle to earn money and improve property yields.
Mineral Resources Minister Mosebenzi Zwane says the probe into bank collusion “vindicates the call made last year for an investigation into the banks”.
The affidavit filed by the Competition Commission regarding currency price fixing by banks names the alleged rogue traders implicated.
Consider giving your honey stocks - a gift that will keep on giving.
Fake news is just another strand of propaganda. An expert shows how to combat it.
Obama’s farewell speeches present a cautionary tale of how South Africa could be going.
Here's a guide on how life cover works and where disability and dread disease insurance fit in.
Waking up early can boost personal productivity. Here are some tips to tackle those early starts.
A growing crisis in SA's education sector could portend a grim future for the country.
There may be others who have not yet been identified, have a lot to lose and need to hide.
Market sentiment may be driven by politicians and not central banks' monetary policies.
South Africa is founded on a free-floating currency and cannot be compromised by interference in the market, says Business Leadership SA, following banking collusion claims.
Barclays (which owns Absa) won’t be targeted for fines by the Competition Commission because they co-operated with regulators, according to people familiar with the matter.
While being questioned for allegedly bribing South Korea’s president, Samsung Group’s Jay Y. Lee is locked up at a prison notorious for housing convicted billionaires, a serial killer and the hangman’s noose.
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