09/23/2020
South Africa’s average household wealth versus the world
Insurance and pensions reached a plus of 8.1%, mainly reflecting the rise of underlying assets, and bank deposits increased by 6.4%
09/22/2020
So long before the current global public health crisis, Japan and Kenya have been collaborating for over 40 years to create and develop Kemri
09/22/2020
For a period of time now, many of us have raised concern about the terms and structure of Kenya's debt portfolio, but we have been dismissed by the Treasury as being alarmist for no reason.
09/22/2020
Gipf Says Pension Money Is Safe
Namfisa said the law prohibits them from going into detail beyond announcing the deregistration of an entity.
09/22/2020
Joining the quest for a just and impact-led recovery
While the world has been irreparably changed by Covid-19, our beliefs and values as a business stay the same.
09/22/2020
72% of South African women are living in 'survival mode'
The survey was conducted by Sanlam and had a sample size of over 2 000 women across South Africa
09/22/2020
Ethiopia Begins Circulation of New Currency
Banks had urged the government to demonetize, citing money circulating outside the banking system has worsened the liquidity problems banks are facing.
09/22/2020
Kaspersky finds risky password trends in South Africa
South African users are also using unreliable and unsafe methods to store or remember passwords.
09/21/2020
African countries ‘ready to open our doors again to the world’
Falling infection rates spur nations to ease curbs on lockdown-battered economies
09/21/2020
South African bank accounts linked in ‘dirty money’ report
Reuters said that the reports are not necessarily proof of wrongdoing, and the ICIJ reported documents were a tiny fraction of the reports filed with FinCEN.
09/21/2020
To achieve financial success, the 4Cs will be of great help.
09/21/2020
Resulting in the repo rate being reduced by a cumulative 2,75 percentage points since the beginning of 2020.
09/21/2020
EA deals fall in August as Covid limits capital flow
Of the four deals, three were private equity investments while there was one merger and acquisition deal in the financial sector where Kenya’s Cooperative Bank completed the buyout of a 90 percent stake in tier three lender Jamii Bora Bank.
09/21/2020
Chief executive of FNB Retail and Private Banking, Raj Makanjee says senior citizens, especially those who are already in retirement, are mostly vulnerable to lower interest rates because many rely on interest earned from fixed savings for monthly income.
09/20/2020
The least of severity of contracting a loan with interest is analogous to having sex with one’s own parent.
09/18/2020
In a sample conducted in 54 developing economies, the current tariff structure in 78 percent of countries benefit male- headed households.
09/18/2020
Patrice Motsepe, who is one of the richest men in South Africa with a net worth of $2.2 billion.
09/18/2020
South Africa and Mauritius have the least NPLs in Africa at four and five per cent while Angola has the highest at 33 per cent.
09/18/2020
Banks must wait and see whether they have adequately prepared for future bad debts
09/17/2020
Front-loading credit impairments should help banks produce a better result in the next six months as they navigate through further fallout from Covid-19.