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Financial Services

Asset manager 36ONE loses appeal, R350k fine sticks

Jan 24 2020 20:32

Asset manager 36ONE must pay the R350 000 imposed on it last year by the Financial Sector Conduct Authority for marketing hedge funds in Cayman Islands, the Financial Services Tribunal has ruled.

Financial Services

Beware bank using Moneyweb's logo, warns financial regulator

Jan 24 2020 17:33

The Financial Sector Conduct Authority has warned the public against a business which calls itself Moneyweb Private Bank, saying it is "fraudulently using" the logo of the financial news website to solicit investments.

Financial Services

EasyEquities becoming profitable

Jan 23 2020 13:16

SA’s low-cost investing platform, EasyEquities - loss-making since it launched in October 2014 - is poised to break even in March, thanks to its shareholder, Sanlam, which is passing on clients to the startup.

Financial Services

Moody's downgrades Land Bank to junk

Jan 21 2020 15:27

Moody's downgraded Land Bank’s long-term issuer ratings to Ba1, a notch below investment grade and below Transnet and Eskom's ratings.

Financial Services

We are keeping tabs on Eskom, Deloitte allegations, says accounting body SAICA

Jan 20 2020 13:53

In response to allegations about auditing firm Deloitte's dealings with Eskom, the SA Institute of Chartered Accountants is in the process of establishing if any of its members are implicated.

Financial Services

Goldman Sachs opens bank branch in South Africa

Jan 20 2020 13:19

Goldman Sachs Group will open a Johannesburg branch of the international bank, and has been admitted as a member of the Johannesburg Stock Exchange's interest rate and currency derivatives market, it said in a statement Monday.

Financial Services

Nedbank's Brian Kennedy seeks new role after retirement - maybe even at a parastatal

Jan 16 2020 12:41

Kennedy is ready to take up a new challenge when he retires as head of corporate and investment banking - perhaps even at one of the ailing state-owned companies.

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Financial Services

Land Bank acting CEO resigns

Jan 15 2020 13:13

Acting CEO of the Land and Agricultural Development Bank of South Africa, Kone Gugushe, has resigned, the board announced on Wednesday morning.

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