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Financial Services

Patrice Motsepe's ARC buys all of TymeDigital bank

Aug 08 2018 14:02

Motsepe said completion of the transaction would culminate in the first "black-owned and controlled commercial, retail and digital bank in South Africa".

Financial Services

How banks can cash in on hidden charges

Aug 09 2018 21:45

Increased competition may be driving down banking fees overall – but a lack of transparency means businesses may end up paying in other ways.

Financial Services

Father of the King Reports stepping down after more than two decades in chair

Aug 06 2018 14:11

Professor Mervyn King will hand over the role of chairman of the King Committee, having held the position for more than 20 years.

Financial Services

Absa revenue slightly up, CEO optimistic after Barclays exit

Aug 06 2018 10:55

Absa raised revenue by 3% to R37bn in the first half of the year, with CEO Maria Ramos saying the banking group was now free to set its own risk appetite following its separation from Barclays.

Financial Services

Gupta wedding under scrutiny as IRBA wraps up disciplinary of ex-KPMG auditor

Aug 06 2018 09:42

Payment for the infamous Gupta wedding came under scrutiny as the disciplinary hearing into the conduct of a former KPMG auditor who worked on the books of companies owned by the family wrapped up.

Financial Services

Saica charges diamond dealer’s accountant

Aug 05 2018 11:49

A South African Institute of Chartered Accountants (Saica) member, Munroe Swirsky, is accused of failing to return confidential documents to his diamond dealer former client.

Financial Services

VBS scandal goes global

Aug 05 2018 05:57

R144m belonging to an Angolan millionaire is lost – along with R1.5bn in municipal deposits – as VBS executives took holidays in Dubai.

Financial Services

African Bank defendants are anxious to get certainty

Aug 05 2018 09:14

The attorney for 10 former African Bank directors has written to the Pretoria High Court, pressing for judgment on the matter brought by African Bank’s former empowerment partners.

Inside Fin24.com

 
Financial Services

Rot is killing jobs

Aug 05 2018 05:45

The Financial Planning Institute will shed staff through a retrenchment process following the shutdown of its exam unit, which is being investigated because of suspected corruption.

Financial Services

Group aims to boost skills after buying 51% of Macquarie’s SA unit

Aug 05 2018 08:14

A local consortium headed by Mazi Holdings has acquired a majority stake in the local branch of Australian multinational company Macquarie.

Company Snapshot

#SAVINGSMONTH

Five of SA's top financial brains, including SARB governor Lesetja Kganyago share their best savings habits.
 

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