Amplats scales back mining job cuts plan

Amplats has said it would cut 6 000 jobs, fewer than half the 14 000 first proposed, as it tries to restore profits without provoking a backlash.

Standard Bank to boost 'Africanness' after CEO resigns

The new co-heads of Standard Bank has promised to sharpen the African focus following chief executive Jacko Maree's resignation announcement.

Sexwale's Batho Bonke sells $370m stake in Absa

Tokyo Sexwale's Batho Bonke Capital has sold its stake in SA's biggest retail bank, exiting one of the post-apartheid era's highest profile BEE deals.

Capitec eyes higher bank fee income

Capitec Bank says it plans to boost its transaction income in a year, which it expects will make it less reliant on lending income.

Capitec plans to issue $110m in new shares

Capitec Bank says it aims to raise $110-million by issuing new shares to fund its expansion and boost capital ahead of new global banking needs.

Nedbank's first-half profit jumps on higher fees

Nedbank Group has reported a 26% rise in first-half profit, which was helped by a drop in bad debts and its push to boost revenue from fees.
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