Managers of Wealth Africa

Sacp supports bank's withdrawal from Gupta - owned Company

The SACP’s Jeremy Cronin says this was a precautionary move by the four main banks.

Standard Bank Partners Airtel Money

As a service, Airtel Money has gained massive acceptance from our growing customer base during its four years in operation.

Diamond's plans to put a shine on Barclays Africa

Diamond emphasised this week that his grouping had the advantage and would not run into the global regulatory challenges that prompted UK-based Barclays plc to exit its African operations.

Bad loans create headache for Barclays Africa

Barclays announced last month that it was planning to sell its 62.3 percent stake in Barclays Africa over the next two to three years.

Barclays Bank CEO pushes for probe on officials

The banking sector, added the Barclays CEO, needs to team up with the industry regulator, to probe where the breakdowns occurred and plug them to prevent a recurrence in the future.

Standard Bank CEOs get hefty pay rises

Mr Tshabalala’s total pay was R30.99m, including annual incentives of R22m, giving him an increase of 28%.

Barclays Africa may end up in private hands

The Barclays Africa Group was formed after Absa acquired Barclays’ African operations in 2013.

Oakbay Staff call for banks to reopen Company Accounts

A group of around 100 Oakbay employees have marched to Absa to hand over a memorandum.

Atlas Merchant Capital, Carlyle Group Team up to Bid for Barclays Africa Group

Bob Diamond’s Atlas Merchant Capital and Carlyle Group will jointly raise funds for bid

Bank Charges Must Be Scrapped – Bank Boss

Some banks charge up to $10 or more in service charges per month excluding withdrawal costs per transaction.

Old Mutual could list emerging-markets unit in SA after break-up

No decision had yet been reached on how to distribute Nedbank’s shares, said Michael Goemans, the chief financial officer of Old Mutual SA.

AfDB President pays visit to South Africa

Discussions included exploring new areas of cooperation and strengthening cooperation in key sectors such as energy and food security.

Barclays Bank plans to retain stake in African business

The UK company still intends to retain a 20 per cent stake in the African business

Barclays Africa says board attendance of Matlare, Cuba ‘below standard’

Cuba’s “attendance at committee meetings was satisfactory,” the group notes, but “her attendance at board meetings was significantly below board standards”.

Barclays Africa eyes growth despite group sale

CEO to press on with pan-African investment; PLC exit comes as African business turns round.

Barclays to begin Africa sale with 10% stake offer

Chief executive Jes Staley announced on March 1 that the bank was retreating from Africa with other measures to raise cash, shrink globally and lighten its capital burden.

Citigroup to do more lending in emerging markets

Corporate banking, which loans money to large companies and sells the wider investment bank’s products and services, has had a tough start to 2016 as client activity was stifled by bad markets, poor Chinese growth, low interest rates and low oil pri

First National Bank Launched In Ghana

First National Bank Ghana, a subsidiary of the Firstrand Group, officially launched its operations on Thursday with a pledge to introduce innovative products and services to customers as well as contribute to Ghana’s socio-economic development.

Mauritius State Bank gets green light to operate in Seychelles

The State Bank of Mauritius is the second largest bank in that island nation after the Mauritius Commercial Bank.

Home-grown institution sweep Southern Africa Awards

Domestic banks and financial institutions across the region dominated the majority of Awards categories.

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