04/19/2023
These are all the companies Gordhan and other ministers are invested in
The interests range from shares valued at R550, to holdings of R453,900 in Absa Bank.
04/19/2023
The interests range from shares valued at R550, to holdings of R453,900 in Absa Bank.
04/18/2023
Profit on the upper end of its forecast range
04/17/2023
FNB, Absa and Standard Bank have a larger proportion of South Africans that earn more than R10,000 compared to lower income brackets.
04/17/2023
Growth forecasted to be at 4.0% in 2023, down from 4.75% in 2022
04/13/2023
The nature of local banks’ depositors is one reason few analysts see the odds of a run here. Rather, the global sell-off, they say, is good reason to buy
04/12/2023
The bank has reimagined ways to support customers with its R1bn SME Bounce Back Loans and new financial solutions for alternative energy
04/11/2023
The dividend pay out is on the back of N1.32 trillion profit after tax (N691.97billion in 2022 and N631.41 billion in 2021) financial year.
04/10/2023
CODI aims to put South Africa on par with its international peers and further align its financial sector to the principles of international standard-setting bodies.
04/06/2023
KCB Group more than tripled its statutory loan reserves and increased loan loss provisions during the same period.
04/06/2023
“We want to be the infrastructure layer they build their business on. This was our original vision when we started, and is more relevant today than ever,”
04/05/2023
The banking industry has benefited from the use of multiple accounts, allowing several institutions to earn revenue from a single customer.
03/31/2023
The financing is expected to catalyze additional deposits to expand MCB’s loan book, benefiting several Mauritian and African corporates, as well as SMEs.
03/30/2023
The 9.5 percent rate is the highest since March 2018 and will egg banks on to make a fresh round of lending rate increases that will hurt businesses in a recovering economy.
03/28/2023
The deposit coverage limit was raised to Sh500,000 per account in July 2020 following amendments to the KDIC Act, which were to offer enhanced protection to banking depositors.
03/28/2023
Irechukwu noted that in recent months, social media had been awash with reports of fraud cases, with many of these cases going viral, embarrassing the banks involved.
03/24/2023
NBK ranks as the second largest subsidiary for KCB ahead of BPR Rwanda
03/22/2023
The main revenue line for the custody business is from the fee you are charging
03/17/2023
You will also have peace of mind knowing that all Rand Swiss transactions are highly secure, and approved by the SARB.
03/16/2023
The initial phase of PayShap will see the participation of the first cohort of banks: Absa, First National Bank, Standard Bank and Nedbank. More banks and non-banks are set to follow.
03/16/2023
Most companies (74%) rely on IT staff to manage their technology