04/02/2014

Wealth managers vie for rich customers

Managing the wealth of rich individuals is becoming an increasingly competitive business as more players enter the market, but it is a complex industry in which the "chancers" will not survive.

03/31/2014

Nedbank boss’ pay rises 13 percent

Nedbank, the South African lender controlled by Old Mutual, increased chief executive Mike Brown’s pay 13 percent to 32.5 million rand after profit rose more than estimated.

03/21/2014

Ex-UBS equities head to set up African venture

Yassine Bouhara, a former UBS executive who co-led the bank's equities team at the time of its 2011 rogue trading scandal, is to set up a brokerage and advisory business focusing on Africa.

03/20/2014

Investec Expects Marginally Higher Full-Year Operating Profit

Investec PLC Thursday said it expects its full-year operating profit to be marginally ahead of the previous year, as the specialist bank and asset manager coped with a significant depreciation of the rand against sterling over 2013.

03/06/2014

Standard Bank Posts Rise in Profit, Targets Africa Growth

Standard Bank Group has produced a satisfactory performance in 2013, increasing headline earnings per share by 14% and net asset value per share by 14%. Group return on equity has increased to 14.1% from 14.0% in 2012.