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Financial Services

Judgment reserved in Old Mutual case, but Moyo's lawyers say it's 'unwinnable'

Dec 05 2019 20:42

The Johannesburg High Court has reserved judgement on the Old Mutual appeal case for 2020. However, lawyers of axed CEO Peter Moyo say it’s already a forgone conclusion that it is an "unwinnable" battle.

Financial Services

Business booming for Sanlam despite limping economy

Dec 05 2019 05:00

Sanlam said the relationship it forged with Capitec in May 2018 continues to exceed its expectations, selling roughly 100 000 policies a month.

Financial Services

Consumers win as disruptors force banks to lower fees

Dec 03 2019 17:11

According to Solidarity’s 10th annual bank charges report released on Tuesday, banks are now offering better benefits to their customers at lower prices to protect their market share, following fierce competition launched in the banking sector this year.

Financial Services

PIC finalises court papers seeking full PwC report on Steinhoff

Dec 03 2019 14:29

Since Steinhoff's former CEO Markus Jooste abruptly resigned at the start of an accounting scandal in December 2017, the Stellenbosch-headquartered retailer's share price has plummeted by over 95%.

Financial Services

SARS wins R1bn tax evasion case against Africa Cash & Carry

Nov 28 2019 19:22

The South African Revenue Service welcomed the judgement of the Supreme Court of Appeal that brought to an end a protracted dispute with Africa Cash & Carry, it said in a statement on Thursday.


Financial Services

FirstRand commits to disclosing fossil fuel exposure

Nov 28 2019 13:19

FirstRand Ltd., Africa’s biggest bank by market value, has committed to disclosing its fossil fuel-related assets and lending but said it can’t meet a deadline requested by some investors.

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