11/19/2019
The Bank’s commitment under the RPA is to assume up to 50% (and 75% in special cases) of every underlying transaction issued by the IBs, while ABSA will confirm such a transaction and bear not less than 50% of its underlying risk.
11/19/2019
Standard Bank was named as the overall winner according to these criteria for ‘category A’ banks, while African Bank was named as the overall winner for ‘category B’ banks.
11/19/2019
In a recent investigation, Open Secrets found there was R42 billion in unclaimed pension benefits owed to more than four million South Africans, a country where 44% of pensioners live in poverty.
11/19/2019
The DCC technology allows international cardholders to pay for products in their home currency
11/19/2019
The aim of this alliance is to increase investment tenfold in the construction of electricity generation infrastructure on the African continent.
11/18/2019
PIAJ Director Desmond L Johnson was also enthusiastic about the new pension fund, and felt that it was an excellent move by the government.
11/18/2019
Mokoena's services were terminated on Friday.
11/18/2019
Like their global peers, South African hedge funds are facing more competition from passive funds, while meagre returns have intensified scrutiny on fees.
11/18/2019
KDIC was also asked to contribute cash capital into the company equivalent to a fifth or the entire sum claimed by depositors.
11/18/2019
The statement further said the bank was also aware of the incidences where these currencies are being marketed and traded with a perception of making them appear as if they were a legal tender in the country.
11/17/2019
Regulators may need to consider changing from supervising entities to supervising activities
11/17/2019
Ecobank’s collaboration with Terra Kulture, was one of the many partnerships, which is hoped to boost contribution of the creative industry in Nigeria to economic growth.
11/17/2019
The aim of the new law is to improve financial sector conduct and ensure fairer outcomes, particularly for customers.
11/14/2019
Treasury wants to increase spending to 3.13 trillion shillings in the fiscal year 2019/20.
11/14/2019
“This is the next evolution of where we are going,” said Hayden Reinders, the chairman of the Association for Savings and Investments South Africa’s hedge funds standing committee. “We want to create awareness that a hedge fund is
11/14/2019
South African Rand is the most traded currency in Africa in terms of daily volume
11/14/2019
The kinds of behaviour it will reward include the use of cards rather than cash, responsible borrowing and saving.
11/13/2019
The Principles aim to create a financial sector that serves people and the planet while delivering positive impacts and improving people’s quality of life
11/13/2019
One Zimbabwean dollar is currently worth around six US cents.
11/13/2019
Declared reserves and equity funds form the core capital for banks.