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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.

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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Financial Services

Bain 'fixer' Williams: 'I've been through hell the last 2 months'

Dec 20 2019 12:19

Athol Williams, the man that consulting firm Bain & Co hired to clean up its image, claims to have evidence that Bain was involved in a plot to capture other state institutions.

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