11/22/2019
Inflation has declined amid a soft domestic economy while oil prices have risen and the currency has fallen, leading the SARB to believe risks around price pressures are currently "balanced".
11/22/2019
The release also noted that that the bank’s business dealings and transactions undertaken by the South African territory were extensively examined by the regulator through external agencies and that reports have been submitted to them.
11/22/2019
While we do not resolve individual complaints, we do hold accountable any licenced entity that does not treat its customers fairly.
11/21/2019
Abakpa said the union would resist the action and would shut down the operations of the banks as the act runs contrary to labour law in the country.
11/21/2019
EGH has purchased a 66.53 per cent majority stake in Banque Commercial du Congo (BCDC), a bank licensed in the Democratic Republic of Congo (DRC).
11/20/2019
This issue is not exclusive to South Africa – Barclays recently ended its relationship with Coinbase, one of the biggest cryptocurrency exchanges in the world.
11/20/2019
It would furthermore increase intra-Africa trade and regional financial integration in line with the AfDB’s High 5 strategic priorities.
11/20/2019
African economies continue to rely heavily on taxes on goods and services, which accounted for 53.7% of total tax revenues across the 26 countries.
11/20/2019
Standard Bank was voted Best bank for South African rand/African currencies excluding ZAR at the 2019 FX Week Best Bank Awards
11/19/2019
Stanbic Bank Kenya have been funding projects in line with the bank’s homegrown strategy to contribute to the growth of the Kenyan economy
11/19/2019
The Bank’s commitment under the RPA is to assume up to 50% (and 75% in special cases) of every underlying transaction issued by the IBs, while ABSA will confirm such a transaction and bear not less than 50% of its underlying risk.
11/19/2019
Standard Bank was named as the overall winner according to these criteria for ‘category A’ banks, while African Bank was named as the overall winner for ‘category B’ banks.
11/19/2019
In a recent investigation, Open Secrets found there was R42 billion in unclaimed pension benefits owed to more than four million South Africans, a country where 44% of pensioners live in poverty.
11/19/2019
The DCC technology allows international cardholders to pay for products in their home currency
11/19/2019
The aim of this alliance is to increase investment tenfold in the construction of electricity generation infrastructure on the African continent.
11/18/2019
PIAJ Director Desmond L Johnson was also enthusiastic about the new pension fund, and felt that it was an excellent move by the government.
11/18/2019
Mokoena's services were terminated on Friday.
11/18/2019
Like their global peers, South African hedge funds are facing more competition from passive funds, while meagre returns have intensified scrutiny on fees.
11/18/2019
KDIC was also asked to contribute cash capital into the company equivalent to a fifth or the entire sum claimed by depositors.
11/18/2019
The statement further said the bank was also aware of the incidences where these currencies are being marketed and traded with a perception of making them appear as if they were a legal tender in the country.