04/17/2023
The old adage of “too many cooks in the kitchen” is ringing true in South Africa, as the country now has three – even up to five – ministers that now govern or have some say in the energy sector and embattled power utility Eskom in
04/17/2023
Are we as bankers so blinded by the bright lights of the digital realm that we can no longer see the needs of the unbanked?
04/14/2023
Return on equity (RoE) improved to 15.6% from 14.6%, and net asset value (NAV) per share grew by 4% to 16,255 cents.
04/13/2023
84% of lenders in South Africa are pessimistic about growth, an increase from 69% last year.
04/13/2023
Analysis of lenders’ price-to-book valuations –which indicates the value that market participants attach to a company’s shares relative to its net assets
04/12/2023
Nedbank and Standard Bank offer credit cards with the lowest management fees at R40 per month.
04/12/2023
As announced in March, the IMF has cut South Africa’s GDP growth outlook to a paltry 0.1% for 2023, showing that the country is flirting with a full-year recession.
04/12/2023
Proposed changes include structural reforms, deregulation of the nation’s transport and electricity sectors, lowering the inflation target and a shift back to predictable, transparent fiscal policy rules.
04/11/2023
The bank collapsed mainly due to the US Federal Reserve’s (Fed’s) aggressive interest rate hikes over the last year, which crippled financial conditions in the startup environment in which SVB was a notable player.
04/10/2023
Some of the paperwork was either incorrect, in the case of the fraud charge, or missing, in the case of the corruption charge, the statement adds.
04/06/2023
The hike marked the ninth consecutive increase since the start of the rate cycle in November 2021. Rates are currently at their highest point since the year of the global financial crisis.
04/05/2023
The next structured dialogue platform meeting will take place in Harare in late April/early May and will be followed by a high-level debt resolution forum meeting on the 11th of May.
04/04/2023
More than half of Kenyans without jobs or 1.54 million people were between 20 and 29 years, underlining the growing crisis of youth unemployment.
04/03/2023
How the mega-rich are preparing for a new post-Covid world elsewhere
03/28/2023
It noted that two in three consumers (63 per cent) of the Nigerians who took part in its survey stated that they collect funds at least once a month, with 70 per cent also transferring money abroad at the same rate.
03/27/2023
The new tariffs will see electricity prices increase by between 15 percent to 20 percent on average from next week, setting up consumers for higher prices of manufactured goods.
03/27/2023
In addition to this, total billionaire wealth was also down 10% compared to last year, with the richest people in the world worth a cumulative US$13.7 trillion.
03/27/2023
Old Mutual Wealth strategist Izak Odendaal also sees the SARB hiking rates by 25bps – but thinks that the rate should hold instead.
03/24/2023
The Health Department was the worst offender and owed more than R55 million to businesses in roughly 2,000 invoices by the year’s end.
03/23/2023
Credit Suisse has been bleeding billions following the collapse of the UK lender Greensill Capital and the US investment firm Archegos Capital over recent years.