Financial Services

Bidvest Bank adds FinGlobal to trolly in buying spree

Nov 21 2017 11:11

Bidvest Group’s banking unit has agreed to buy FinGlobal, a provider of financial services to South Africans living abroad, as part of an acquisition drive to diversify its business.

    Financial Services

    Cooperative banks ease access to capital

    Nov 19 2017 10:41

    Two such institutions have been established in SA with the aim of disrupting the untransformed banking sector and assisting black entrepreneurs.

    Financial Services

    FirstRand’s acquisition of UK-bank to help free up funding

    Nov 16 2017 07:00

    FirstRand plans to integrate its UK business segment into its acquisition of UK bank Aldemore, which will help free up funding and liquidity capacity of the bank.

    Financial Services

    SA banks prepare for the worst as junk rating looms

    Nov 14 2017 09:13

    South African banks are preparing for the worst when it comes to the threat of another downgrade of the country’s debt.

    Financial Services

    Personalised, life-long learning for employees, a first for SA

    Nov 14 2017 07:54

    Financial services provider Alexander Forbes has launched a new learning platform to help employees realise the benefits of lifelong learning, in a first of its kind in South Africa.

    Financial Services

    HSBC shuts down accounts linked to Gupta front companies - reports

    Nov 10 2017 21:00

    HSBC said on Friday that it “has been reviewing its exposure to the Guptas for some time, and has closed a number of accounts for associated front companies wherever we have found them”, according to reports by the Wall Street Journal, Reuters and Morningstar.

    Financial Services

    Investec still sees room for growth in SA, adds life insurance cover to offering

    Nov 10 2017 11:52

    Investec has launched its life cover product which is aimed at attracting upper income clients with several tailored products to suit professionals, high net worth individuals and entrepreneurs.

    Financial Services

    KPMG highlights need for reforms in sector - SARB

    Nov 10 2017 08:58

    The developments around audit firm KPMG following its implication in state capture has stressed the need to introduce reforms in the auditing and accounting professions, said Deputy Reserve Bank Governor Francois Groepe.

    Financial Services

    Financial Services Board may seek foreign help in Gupta probe

    Nov 08 2017 07:01

    The FSB has said it has started a formal investigation into trades in Oakbay Resources and Energy, a company controlled by the Guptas, and may seek assistance from international supervisory bodies.

    Inside Fin24.com

    Financial Services

    Standard Bank denied request to access records in forex case

    Nov 06 2017 19:41

    The Competition Tribunal has said it will not yet give Standard Bank a copy of the Competition Commission’s investigation into alleged rand dollar currency manipulation by banks.

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