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Financial Services

Big funds fight fat-cat salaries

Jul 15 2018 06:09

There is little correlation between performance and pay ... the level of increases is one reason for the ever-increasing inequality.

Financial Services

EXPOSED: The power struggle rocking VBS Mutual Bank’s main shareholder

Jul 13 2018 12:26

A power struggle between two central figures in Vele Investments, the company which may have become beleaguered VBS Mutual Bank’s majority shareholder through fraudulent means, has led to claims that one has illegally fired the other.

Financial Services

PIC legal head quits following VBS testimony

Jul 13 2018 17:37

The Public Investment Corporation says its executive head for legal counsel, governance and compliance has resigned with immediate effect.

Financial Services

Fake clients, suitcase of cash and a chopper - how VBS allegedly dealt with ‘R1.5bn fraud’

Jul 13 2018 11:34

Elaborate plans, including creating fake clients, were discussed hours after VBS Mutual Bank was placed under curatorship following the internal looting of R1.5bn funds, it has been alleged in court papers.

Financial Services

VBS retail depositors to get their money back

Jul 09 2018 21:04

While the future of VBS Mutual Bank hangs in the balance with curatorship still in place, retail depositors of the bank will now have access to their funds.

Financial Services

McKinsey apologises for overcharging Eskom

Jul 09 2018 13:08

The consulting firm, which last week repaid almost R1bn in fees, has apologised for overcharging Eskom and for being slow to admit wrongdoing.

Inside Fin24.com

 
Financial Services

VBS 'paid bribes to PIC, Prasa officials'

Jul 08 2018 06:00

The directors of VBS Mutual Bank and its majority owner, Vele Investments, stole more than R1.5bn from the bank’s depositors, claims an explosive affidavit.

Company Snapshot

#SAVINGSMONTH

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

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