09/04/2015

Pension fund withdrawals hurt Sanlam

Sanlam yesterday announced that two major pension funds had withdrawn a total of R13 billion of their funds managed by the group as the financial services group reported disappointing interim results.

08/14/2015

Zimbabwe: MBCA Clients to Access Lending From Nedbank

It is news of direct access to relatively priced South African loans that may excite hundreds of MBCA Bank's struggling industrial customers currently enduring high interest rates in Zimbabwe of up to 30 percent.

08/06/2015

Old Mutual profit rises on U.K., S. Africa boost

Net profit for the six months ended June 30 rose to 260 million pounds ($405.5 million) from GBP213 million the previous year, funds under management climbed 7% to GBP335.7 billion and the interim dividend rose 8% to 2.65 pence.

08/05/2015

Equity Bank on a roll

Equity Bank’s earnings fell short of rivals Kenya Commercial Bank Group that last week reported a 13 per cent pre-tax profit to Sh13.2 billion.

07/31/2015

FCMB Group Plc Posts Profit before Tax

The diversification of FCMB across commercial banking, investment banking and wealth management, provided some cushion as earnings from non-banking activities proved more resilient.