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Financial Services

Ex-Sanlam exec appointed CIO at Ashburton Investments

Oct 11 2019 15:00

Patrice Rassou, former head of equities at Sanlam Investment Managers, has been appointed Chief Investment Officer at Asburton Investments, the asset management arm of FirstRand.

    Financial Services

    Mboweni approves Capitec acquisition of Mercantile

    Oct 09 2019 18:08

    Capitec's acquisition of Mercantile Business Bank has been formally approved by Minister of Finance Tito Mboweni and other regulatory authorities.

    Financial Services

    HSBC to cut up to 10 000 jobs to slash costs, FT reports

    Oct 07 2019 10:02

    HSBC Holdings may eliminate as many as 10 000 jobs as part of a cost-cutting drive, according to a Financial Times report that signalled Europe may bear the brunt of the initiative.

    Financial Services

    R954bn in 'zombie buildings' as India's real estate funding crunch hits

    Oct 04 2019 16:12

    Ashish Shah is caught in the middle of India’s latest financial crisis. As chief operating officer of Radius Developers, he’s struggling to fund construction of apartment complexes because of a liquidity crunch in the nation’s bloated shadow-banking sector.

    Financial Services

    PIC workers picket over capped bonuses

    Oct 03 2019 22:45

    Staff at the Public Investment Corporation have raised concerns over corporate governance failures at state financial institution, including a directive from Treasury that bonuses should be capped.

    Financial Services

    Long road ahead for floundering PIC

    Oct 03 2019 16:54

    The Public Investment Corporation is working on boosting staff morale and restoring its image, but interim chair Reuel Khoza says "much more" must be done to rebuild it after two governance interventions and a year of intense public scrutiny.

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    Financial Services

    Nigeria ups the ante on banks with tougher lending demands

    Oct 04 2019 19:41

    Nigeria’s central bank is increasing pressure on lenders to keep providing credit to boost economic growth in Africa’s biggest oil producer.

    Company Snapshot

    #MINIBUDGET2019

    Struggling power utility Eskom will take centre stage at this year's mini budget
     

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