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Financial Services

Standard Bank expects 22% profit jump

Feb 23 2012 08:58

Standard Bank, Africa’s biggest lender by assets, says full-year profit has likely risen by as much as 22%, largely in line with analysts’ forecasts.

Financial Services

Old Mutual plans to acquire Nigerian firm

Feb 22 2012 12:37

Old Mutual says it has made an offer for Oceanic Life as part of its plan to expand in sub-Saharan Africa.

Financial Services

Lloyds slashes bankers' bonuses

Feb 20 2012 18:03

Lloyds has cut the bonus of its former CEO and 12 other top staffers after an insurance debacle.

Financial Services

Coronation CEO to step down

Feb 17 2012 10:03

Listed independent fund manager Coronation Fund Managers has announced its CEO Hugo Nelson will step down on January 31 2013.

 
Financial Services

Former Olympus executives, bankers arrested

Feb 16 2012 11:11

Seven men, including a former Olympus Corp president and ex-bankers, have been arrested over their role in a $1.7bn accounting fraud at the firm.

Financial Services

Moody's threatens 17 banks with downgrade

Feb 16 2012 10:37

Rating agency Moody's says it may cut the credit ratings of 17 global and 114 European financial institutions with exposure to the eurozone debt crisis.

Financial Services

22seven gets FNB nod

Feb 15 2012 07:39

First National Bank is the first of the big four banks to allow new financial management service 22seven access to clients' accounts.

Financial Services

Santam expects lower earnings

Feb 14 2012 16:59

Short-term insurer Santam says headline earnings per share are likely to be up to 15% lower than the year before.

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Financial Services

Financial mess 'unintended', says Nedbank

Feb 12 2012 15:59

Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.

Financial Services

Results offer banking sector hope

Feb 12 2012 14:30

If results from Absa are an indication of what lies ahead, investors can again look forward to good news for the banking sector.

 
Financial Services

Absa boosts revenue, hikes dividend

Feb 10 2012 09:52

Absa Group, which is majority owned by Barclays, has posted an expected 21% rise in full-year profit, boosted by strong income from fees and a decline in bad debts.

Financial Services

Investment banking drags down Barclays

Feb 10 2012 09:23

Barclays says its investment bank arm ended last year with its worst quarter for three years as the eurozone crisis hit bond trading activity, dragging down annual profit.

Company Snapshot

For detailed Unit Trust information, click here.
Tech Tonic - The real problem with job creation
Feb 21 2012 12:46

Anthony De Rosa sits down with Venture for America founder and CEO, Andrew Yang, to talk about the real issues in job creation.

Sasha

"It sounds much cleverer to be bearish, it makes it sound like you know something about the future that nobody else does. ... The reason why the economy does better, businesses do better, people innovate and companies make more money than the previous year (and their share prices go up) is because ... Read their blog...

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The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

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