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Financial Services

Goldman Sachs opens bank branch in South Africa

Jan 20 2020 13:19

Goldman Sachs Group will open a Johannesburg branch of the international bank, and has been admitted as a member of the Johannesburg Stock Exchange's interest rate and currency derivatives market, it said in a statement Monday.

Financial Services

Nedbank's Brian Kennedy seeks new role after retirement - maybe even at a parastatal

Jan 16 2020 12:41

Kennedy is ready to take up a new challenge when he retires as head of corporate and investment banking - perhaps even at one of the ailing state-owned companies.

Financial Services

Land Bank acting CEO resigns

Jan 15 2020 13:13

Acting CEO of the Land and Agricultural Development Bank of South Africa, Kone Gugushe, has resigned, the board announced on Wednesday morning.

Opinion

The dirt on Deloitte's consulting deals at Eskom

Jan 15 2020 06:00

The accounting giant proclaimed its innocence when Eskom accused it of “pure corruption” and demanded the repayment of millions in consulting fees. Now a deep dive by amaBhungane suggests it is Deloitte's competitors and the taxpayers who should feel aggrieved.

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Financial Services

Reserve Bank fines Standard Bank R30m, imposes penalties on 4 other banks

Dec 20 2019 18:03

The South African Reserve Bank has imposed administrative sanctions on five major banks due to weaknesses in the banks’ money laundering control measures. This didn't mean they had facilitated transactions involving money laundering, the SARB added.

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