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Financial Services

Sygnia CEO Magda Wierzycka takes on JSE over 'dubious' listings

May 19 2018 08:41

Outspoken Sygnia CEO Magda Wierzycka has lambasted the JSE, accusing it of “weak governance” by allowing dubious listings which have led to financial losses by investors.

Financial Services

Banks should 'segregate' any bitcoin activities: ECB

May 18 2018 16:19

Banks wanting to trade in digital currencies should make sure those activities are clearly "segregated" from their other operations, a top ECB official has cautioned.

Financial Services

Investors punish ABSA parent Barclays Africa over Hodnett's exit

May 15 2018 15:12

The market did not react favourably to news of the departure of David Hodnett, Barclays Africa Group’s deputy chief executive and director.

Financial Services

Find out which banks South Africans complain about most

May 11 2018 15:59

In 2017 the Ombudsman for Banking Services opened 7 056 formal cases - a record 35% more than in 2016. However, only 27% of overall complaints were decided in favour of complainants.

Financial Services

SoftBank reports soaring annual operating profit

May 09 2018 11:45

Japanese telecom giant SoftBank has reported a surge in its annual operating profit, driven by the increasing value of its Vision Fund and robust performances from its telecoms units.

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Financial Services

'Gloomy atmosphere' at Nkonki Inc as accountants scramble for jobs, CEO tells Fin24

May 09 2018 07:14

Nkonki Inc's acting CEO Thuto Masasa has opened up to Fin24 about the "gloomy and fluid atmosphere", with accountants taking new jobs as the company undergoes voluntary liquidation.

Financial Services

DA seeks commission of inquiry into VBS Mutual Bank

May 07 2018 21:14

The Democratic Alliance wants Registrar of Banks Kuben Naidoo to establish a commission of inquiry into VBS Mutual Bank and the municipalities which deposited funds into it.

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