10/03/2017
SA Govt bailouts won't help SAA, says former finance minister Trevor Manuel
Citibank demanded R1.8 billion by the end of September.
Regulation,Tax & Compliance
10/03/2017
Pressure grows on KPMG as Munich Re Africa drops it as auditor
Munich Re’s decision was taken last Friday, Conradie said
10/02/2017
Defining banking beyond profitability
Banking is not all about profitability.
09/29/2017
Why new pension bill must be dropped – SGF, NLC
He lamented that public and private employees were currently struggling to comply with the current contribution of 18 per cent
09/29/2017
Politics Hampers South African Central Bank, Governor Says
The High Court has set this order aside, after the central bank sought a review of her directive.
09/29/2017
Contributory pension: Police make a U-turn on exit
The Inspector General of Police, Ibrahim Idris, said that the NPF already had a Pension Fund Administrator, which was taking care of retirees, who were contributors to the CPS.
09/28/2017
Labour leader kicks at plans to reform contributory pension scheme
Mr. Aremu, a national executive committee member of NLC, said that the new bill was informed by “narrow and vested interest consideration” and cannot do justice to all.
09/27/2017
Absa to sell off a part of its insurance business
Absa’s WIMI website makes no reference to insurance, only offering customers products relating to wealth management
09/27/2017
Banks, pension managers, others stake N105bn on sukuk bond
It is hoped that with the success of the offer and the proceeds from it, the Ministry of Power, Works and Housing will begin work on the road projects in earnest, the DMO added.
09/27/2017
South Africa's rand, bonds take a beating on U.S. rate hike talk
Traders said South Africa’s dismal economic outlook and ongoing political turmoil was set to worsen sentiment toward the rand and sharpen the downward trend.
09/26/2017
Conjuring fears of systemic risk from KPMG disgrace delays the remedy
It is as unnecessary and unproductive to twist the knife further as it is unnecessary and unproductive to support KPMG for reasons that fail to pass muster.
09/25/2017
More banks considering mergers, takeover– BoG
Dr. Addison assured that there will be guidelines to supervise the smooth implementation of the mergers and takeovers.
09/25/2017
Cryptocurrency Wave 'Cannot Be Stopped'
Other topics addressed included how blockchains can help move payments across borders.
09/22/2017
Algeria: six government banks to offer islamic banking by 2018
The process will be approved in four other government banks in 2018.
09/22/2017
Court ruling leaves Gupta employees without a bank, what now?
Judge Hans Fabricius said the Gupta companies had not pleaded a cause of action based on provisions of Section 34 of the Constitution and dismissed their application.
09/21/2017
Finance Ministry Approves Life Ban on Stockbroker by SEC
His victims were Chairman of Standard Shareholders Association of Nigeria.
09/21/2017
Societe Generale opens a Representative Office in Kenya
The bank now operates in 19 countries in Africa and has built a vast, continent-wide network with more than 3 million retail clients, including 150,000 businesses.
09/21/2017
Banks could decide KPMG future in South Africa
The meeting will reportedly focus on everything from potential job losses, perceived risks as well as auditing regulations.
09/21/2017
Finance Minister Sketches Legislative Amendments to Ensure Financial Stability
On the current condition of the economy, the minister said “Domestic economic prospects have strengthened relative to the past year."
09/20/2017
State Bank of Mauritius may become first to open local subsidiary
We have identified 25 to 30 SME and retail clusters and our distribution is targeted around that.