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Financial Services

Gupta allies buying bank face intense scrutiny

Jan 17 2017 15:12

Gupta allies Salim Aziz Essa and Hamza Farooqui will require Finance Minister Pravin Gordhan’s sign-off to buy Habib Overseas Bank in a deal worth R450m.

Financial Services

Dubai firm interested in buying Absa

Jan 17 2017 14:32

Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying Barclays Group’s African business.

Financial Services

Madonsela conducted Absa probe mostly on her own

Jan 16 2017 14:58

Former public protector Thuli Madonsela says she did most of the work on the Absa R2.25bn bailout probe by herself, because staff were against it and already overworked.

Financial Services

Absa report has ‘a number of errors’ – Sarb governor

Jan 16 2017 11:44

Reserve Bank governor Lesetja Kganyago has said there are a number of errors in the public protector’s leaked preliminary report that recommends Absa should pay back R2.25bn.

Financial Services

Gupta allies clear hurdle to buy bank

Jan 16 2017 07:57

The Guptas could be one step closer to solving their banking dilemma after the Competition Commission approved a merger between Habib Bank and a Salim Essa firm.

Financial Services

Alexander Forbes eyes opportunities in Africa

Jan 15 2017 13:07

On day 130 as CEO of Alexander Forbes, Andrew Darfoor met with Fin24 and shared some of the goals he has for the business and what he thinks of President Trump, among other things.

Financial Services

Can you still trust banks to keep your valuables safe?

Jan 15 2017 06:08

Some FNB customers had a miserable festive season and start to 2017 after hundreds of safe-deposit boxes containing important documents, family heirlooms and other precious items were stolen following two heists at FNB’s Parktown branch.

Financial Services

Absa decries leak of public protector report on apartheid billions

Jan 13 2017 10:31

Absa says a preliminary report by the public protector recommending that it pay back R2.25bn it received as part of an unlawful apartheid-era bailout is “regrettable”.

Financial Services

No need for alarm over surge in flood and fire claims - expert

Jan 12 2017 18:31

Insurance companies are well equipped to deal with claims arising out of natural disasters, such as wildfires and floods, says an industry expert.


Robo-advisers on the rise

Jan 11 2017 17:48

Although robo-advice has been around for about nine years, it has only started to gain popularity over the last three to four years, explains an expert.


Financial Services

Banks in Africa still have liquidity and risk gaps - Moody's

Jan 11 2017 05:31

Although banks in Africa have done a lot to improve regulation and supervision that have strengthened their financial stability, progress has not been uniform and serious gaps remain, says Moody’s Investor Service.

Financial Services

These are the hotel spots where bankers love to vacation

Jan 10 2017 20:08

From South Africa to Israel, India and Scotland, eight influential financiers reveal their favorite places to unwind.

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.

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