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Financial Services

MMI explains resignations, reshuffles

Jun 23 2017 15:36

MMI Holdings explains the resignation of chief operating officer Danie Botes and CEO of Momentum Retail Etienne de Waal.

Financial Services

Absa to approach high court to have Public Protector’s report set aside

Jun 21 2017 07:30

Absa and Barclays Africa have decided to approach the high court to have Public Protector Busisiwe Mkhwebane’s report into Bankorp reviewed and set aside.

Financial Services

Barclays, former CEO charged with fraud

Jun 20 2017 18:37

Barclays bank and former executives have been charged with conspiracy to commit fraud when they asked Qatar for $7.7bn to avoid a government bailout.

Financial Services

RECAP: Barclay's recent scandals

Jun 20 2017 18:43

As Barclays faces another legal battle, here is a look back at the scandals that have rocked the London-based bank in recent years.

Financial Services

Barclays, Ex-CEO charged over Qatar rescue amid financial crisis

Jun 20 2017 14:15

Barclays and four former executives have been charged with conspiracy to commit fraud during the bank’s 2008 capital raising from Qatar as it sought to avoid a bailout.

Financial Services

Absa: No obligation to pay R1.125bn bailout

Jun 19 2017 14:00

Absa has responded to the Public Protector's finding that it must repay a R1.125bn bailout, saying it believes it has no obligation to pay anything to the government.

Financial Services

Major exam fraud uncovered at Financial Planning Institute

Jun 16 2017 13:35

Major exam fraud was uncovered at the Financial Planning Institute of South Africa which will lead to the prosecution of some of its staff members.

Financial Services

SA banks slated for dirty energy investments

Jun 15 2017 09:41

South Africa’s banks continue to bankroll coal investments to the tune of billions every year, risking leaving investors with stranded assets.



Moody’s downgrades SA’s top 5 banks … and more

Jun 12 2017 20:22

Moody’s has downgraded the credit ratings of South Africa’s top five banks, three development finance institutions, 10 regional and local governments and three government-related entities.

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