08/08/2019
The focus of the governor has been on bank supervision to ensure that they meet prudential guidelines mainly related to liquidity, governance and banking operations,” says Mr D’Souza.
08/07/2019
Bank of Baroda has been accused of facilitating questionable transactions for Gupta-linked firms.
08/07/2019
The SARB said the Bank of Baroda had since paid the imposed financial penalty into the Criminal Assets Recovery Account
08/06/2019
South African lenders are cutting jobs as they seek ways to lower costs and contend with slow economic growth and fresh competition in the industry from branchless, digital entrants such as TymeBank and insurer Discovery.
08/06/2019
The syndication included 14 lenders, which have not been named.
08/06/2019
Failure to meet the minimum requirement will result in a levy of additional Cash Reserve Requirement (CRR) which is the minimum amount of the total deposits that commercial banks are statutorily required to keep as reserve with the apex bank.
08/06/2019
Moroccan companies are present in Ghana in the production areas of energy, fertiliser, housing, building materials and banking.
08/06/2019
Nigerian banks must continue to push the boundaries of innovation if citizens are to profit from the country’s transition to a digitalised financial system
08/06/2019
The Bank of Namibia left its benchmark repo rate steady at 6.75 percent on 12 June, to support the economy's recovery.
08/06/2019
South African lenders are cutting jobs as they seek ways to lower costs and contend with slow economic growth and fresh competition
08/06/2019
Nedbank Zimbabwe also has a US$15 million tobacco pre and post-shipment facility, a US$15 million Nedbank group tobacco pre and post-shipment and a US$35 million facility for letters of credit for facilitation of imports of strategic commodities.
08/05/2019
Further, tax administrations have been challenged to invest in retraining their tax officers to equip them with the necessary tools to address the challenges of digitalisation as well as tackling other tax issues such as taxing the informal sector, extrac
08/05/2019
This agreement comes after Stanbic advanced its employees $1 000 in allowances to avert a strike mid last month
08/05/2019
The steady issuance volume is due to sovereign sukuk issuances from Asia, GCC countries and Africa
08/05/2019
Although mobile operators had talked about creating a money transfer service for a while, it was wasn’t until Safaricom introduced M-Pesa that talk turned into action.
08/05/2019
He said this bold initiative would help unlock massive opportunities inherent in solid minerals and support efforts on local content promotion, facilitate industrial development and export development.
08/04/2019
Parties to any transaction in this banking system are obliged to conduct their business affairs, with a focus on what is permissible and lawful under Sharia law.
08/02/2019
"This partnership will help healthcare providers to get loans and invest immediately.
08/02/2019
Moyo was fired in June for alleged misconduct owing to the conflict of interests in his NMT Group.
08/01/2019
"It should be noted that the administrative sanctions were not imposed because Sasfin Bank was found to have facilitated transactions involving money laundering or the financing of terrorism," said the SARB.