Financial literacy, self-awareness, confidence, and collaboration are key to financial success
A 6 Part Podcast Series #UnlockWomen about Money, Wealth and the balance of making it all work! Money, money, money! On July 5th, the Mail & Guardian, in partnership with African Bank, aired the inaugural episode of the #UnlockWomen Podcasts. Mikateko Chauke, African Bank’s Head of Strategic Communications & PR, shared her insights on money […]
Embrace your power to manage your money
Let’s build a network of confident and thriving women entrepreneurs together
Empowering women entrepreneurs: Fostering confidence and support
Move from a place of comfort to a place of courage
There’s enough out there for all of us
Learn to love money, in order to attract abundance
Women empowering women: Support that lasts all year round
A higher cost of borrowing is generally good for bank profit margins – until it isn’t
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With the tagline ‘the audacity to believe’, it will need to be ambitious to be seen as a real competitor
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With fewer people visiting branches, opting to seek services online, something has to give
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The central bank announced it would dispose of its 50% shareholding given its potential conflict of interests as a regulator
Incoming chief executive Ruwayda Redfearn says Deloitte has learned a lot about the importance of ‘professional scepticism’ from its corporate mishaps
The bank took a knock after being labelled a loan shark by the short seller, but this has not stymied its growth
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Basani Maluleke will join the innovation team to find ‘the next big thing for Capitec’
Activist group warns of a ‘culling trend’ affecting black professionals in top positions
The Reserve Bank owns 50% of African Bank, the Public Investment Corporation owns 25% and a consortium of private banks own the remaining 25%
Consumers can only benefit as the big four banks give in to pressure from low-fee upstarts and digital newcomers
The African Bank, which relied on unsecured lending, has diversified its product offerings
The number of new accounts has risen but tough times have forced others to borrow
The Reserve Bank placed the African Bank under curatorship in 2014
But better regulation of SA’s financial services industry could mean higher bank charges
Critical to success is a roll-out of transactional offerings and securing refinancing
JP Verster was right about African Bank and Steinhoff but disagrees with Viceroy’s latest report
Major investors are waiting anxiously, as the company needs to produce financials by the end of January if its shares are to continue trading
Statutory bodies have to redeem themselves given that so many executives walk away from scandals
Empowerment shareholders believe the damning Myburgh report lends weight to their case against the former bank’s holding company and directors.
The board members of Abil were negligent and reckless, according to advocate John Myburgh’s now-public report.
A $4-billion fund to create 25-million jobs is one initiative to uplift Africa’s people, the young in particular.
By
South Africa now effectively has a state-owned bank, but can it fly in a reformed environment?
Despite skating to the edge of total closure under the weight of bad debt, the bank’s rehabilitation appears to be on schedule.