02/27/2014
BRICS to set up their bank within five years, progress slow
The BRICS bloc of emerging economies will set up its development bank with a total capital of $100 billion within five years, but member countries still haven't agreed on their share in the bank's structure
02/27/2014
Banks in Nigeria and other countries in Africa would be better off concentrating on in-country profitability than focusing on building unprofitable subsidiaries across the continent.
02/27/2014
FirstRand Ltd., South Africa’s second-biggest financial services company, said first-half earnings will be as much as 26 percent higher as the company added retail banking customers.
02/26/2014
It is strange how often one can see the essential issues of one’s homeland more clearly from a foreign shore.
02/25/2014
An increasing number of US-based high tech firms and venture capital investors are investing in African startups
02/25/2014
Banks including Citigroup Inc. and Barclays Plc plan to expand in Africa as they seek growth opportunies amid slower-than-average economic growth in developed nations.
02/25/2014
The report, titled "Long-Run Investment Ambitions and Short-Run Investment Processes," finds long-term asset management challenges and increasing risk management in real estate investments.
02/24/2014
After Jim O’Neill of Goldman Sachs coined the acronym “BRIC” to refer to top emerging markets Brazil, Russia, India and China, he has now popularized “MINT” – Mexico, Indonesia, Nigeria and Turkey as a second category.
02/24/2014
The Northern Cape government has reiterated its commitment to promoting transparency and accountability in how it handles its finances.
02/24/2014
Angola, Namibia and Nigeria are the fastest growing countries in Africa in terms of wealth per capita, according to a report by New World Wealth.
02/24/2014
Although expectations for government bond yields continue to be near historic lows and concerns about low growth persist.
02/24/2014
Global assets under management (AuM) will rise to around $101.7 trillion by 2020, from a 2012 total of $63.9 trillion, says a PwC report released today. This represents a compound annual growth rate (CAGR) of nearly 6%.
02/20/2014
As an emerging market South Africa finds itself amongst a raft of emerging nations in increasing peril in the ocean of international currency markets,
02/20/2014
First bank, the largest financial service institution in Nigeria, has partnered with Hong Kong in the Invest Hong Kong programme with the interest of expanding various Nigerian businesses abroad.
02/17/2014
The GAB and its composite member-banks are currently reviewing the guidelines to determine their immediate impact
02/16/2014
Developed Equities Market positions move from neutral to modest overweight
02/14/2014
The deal due to be signed between Standard Bank and the Industrial and Commercial Bank of China is expected to make it possible for the South African bank to increases its distribution capacity and free up more capital for investments in Africa
02/13/2014
South African Banks Dominate Africa’s Top 10 List
South Africa’s banks dominated last year’s top 10 list of Africa’s largest private banks by assets under management, making a total of $70.2 billion in all.
02/13/2014
According to the statement, the world’s biggest banks are ranked by their brand value with the results reflecting industry trends and indicating future developments.
02/12/2014
TORQUE: Banks laughing all way to the bank
The only conclusions must be two-fold: first, that they are comfortable applying the identical interest rate above the repo rate imposed by the Reserve Bank and, second, that there aren’t enough of them around to impel competition.