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Financial Services

TymeBank's CEO resigns for personal reasons

Jun 25 2019 08:22

The bank announced that Sandile Shabalala, had tendered his resignation for personal reasons, 'the most important of which is to spend more time with his family'.

Financial Services

Facebook's Libra crypto coin: 5 things we know, and 5 we don't

Jun 23 2019 09:17

Facebook unveiled plans for a new cryptocurrency called Libra this week. After a week of analysis, here’s what Bloomberg reporters and editors know about Libra, along with key unknowns that remain.

Financial Services

Banks spend $1trn on digital, but few benefit - study

Jun 22 2019 12:00

While global banks have been pouring money into information technology - to the tune of $1trn over three years - only a handful appear to be fully committed to a digital transformation and are therefore reaping the benefits.

Financial Services

Price hikes mean bank employees may start 'living at work' - Zimbabwe union

Jun 21 2019 14:54

A union representing the bank's employees says it has written to the board to say employees are unable to buy enough food for a week from their salaries and face evictions for failure to pay rentals.

Financial Services

'Just hang up' : Consumer group warns of phone scams

Jun 20 2019 11:10

In vishing – or voice phishing attacks – scammers speak directly to victims to try and convince them they are in speaking to someone from a legitimate organisation.

Financial Services

PIC board should have 'global expertise and perspective', inquiry hears

Jun 19 2019 20:59

The Public Investment Corporation board should have expertise in investment-related matters and include representatives of key stakeholders, the inquiry into affairs at the state-owned asset manager heard on Wednesday.

Financial Services

Eric Mabuza to represent former Old Mutual CEO in dismissal challenge

Jun 18 2019 18:43

Advocate Eric Mabuza confirmed to Fin24 on Tuesday evening that he will be representing dismissed Old Mutual CEO Peter Moyo in a court case challenging Moyo's ouster.

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Financial Services

UBS apologises for ‘Chinese pig’ comment amid public furore

Jun 13 2019 10:46

UBS Group AG apologised for comments from its global chief economist published on Wednesday that made reference to a “Chinese pig” and drew criticism on social media as well as from a state-run newspaper.

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