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ARTICLES RELATING TO: BANKING

Financial Services

Old Mutual profit up on Nedbank strength

Mar 09 2012 10:05

Old Mutual has reported a 14% profit rise on cost cuts and strong growth at Nedbank.

Insight

Chequemate?

Jul 28 2011 00:00

You know you put it somewhere safe but when last did you see your chequebook? Considering what banks charge to write and process cheques, you’d be justified in thinking the financial sector is doing its best to eradicate a payment mechanism that’s at least 800 years old with its roots set in early European cross-border trade.

Companies & Markets

Steady as she goes

Jul 21 2011 00:00

To make some sense of Nedbank’s sparsely worded second quarter 2011 trading update you have to go back six months, extrapolate a bit and read the tea leaves to try to figure out what is happening operationally inside SA’s number four bank.

Companies & Markets

Conflicted

Jul 14 2011 00:00

If Bidvest succeeds in its unsolicited R1,4bn takeover bid for struggling banking minnow Mercantile, three long-serving directors – including chairman Cyril Ramaphosa – may finally need to make pivotal choices regarding the board seats they hold to avoid suggestions of conflicts of interest.

Insight

Battle for the bottom

Jul 07 2011 00:00

By the time South Africa’s big banks realised they were missing out on a feeding frenzy at the bottom end of the banking market, Capitec had 2m clients and was growing aggressively, courtesy of the active marketing of its offering as being the cheapest in the country.

Insight

Headwinds ahead

Jul 07 2011 00:00

One of the basics when it comes to investing is that markets traditionally love low interest rates. Access to cheap capital encourages borrowing and the growth generated through that process leads to economic expansion and the ability of borrowers to make good on their debt obligations.

Money clinic

Not quite a U-turn

Jun 16 2011 00:00

Firstrand retail banking unit FNB has made limited concessions to one of its more outrageous banking charges but has warned it will continue to penalise those of its clients on cheaper fee packages who use the infrastructure of other banks to transact.

Insight

Daylight robbery

Jun 09 2011 00:00

A colleague recently put R50 worth of petrol into his car to help him hobble to work. The station’s forecourt swipe machines were out of order so the petrol attendant recommended he go into the convenience shop and draw the necessary cash.

Money Clinic

How to avoid fraud by skimming

May 06 2011 08:48

Customers must be careful when using their bank cards to prevent being defrauded by "skimmers", Standard Bank warns.

Financial Services

Standard Bank to expand in Angola

Apr 08 2011 15:03

Standard Bank, Africa's biggest bank by assets, plans to open 12 new branches in Angola this year.

Economy

Talk to us, bankers tell Zuma

Feb 11 2011 14:59

The Banking Association of SA says it wants to meet with President Jacob Zuma to discuss appropriate regulation of the industry.

Financial Services

Retail banks' confidence plummets

Jan 18 2011 16:52

Confidence in SA's retail banking sector has dropped dramatically, a survey shows.

Financial Services

Ubank partners with Blue Label

Dec 02 2010 16:01

Ubank says it has partnered with Blue Label Telecoms to expand services to SA's unbanked.

Companies

SA's banks get rating upgrade

Nov 04 2010 18:36

Ratings agency Moody's says the local banking sector will be bolstered as South Africa recovers from recession and low inflation persists.

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Company Snapshot

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It pays to know the cost and what you’re getting in return

May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

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Under pressure

Aug 04 2011 00:00

There are more than a few investors who have long regarded platinum as the “default option” when it comes to investing in South African mining stock. We’d beg to differ. More...