The banking sector has fared well despite a difficult economic climate
Prudential authority chief Kuben Naidoo says although the probability of saving the bank has fallen, it is not at zero
This is according to the 2017 annual report from the Reserve Bank’s banking supervision department, which was released on Tuesday morning
Officials will have to follow up on the auditor general’s reports or pay back the money
Eight Limpopo municipalities have a combined exposure to VBS of almost R1.2-billion, but the recovery of all the funds is ‘highly uncertain’
Only 33 out of the country’s 257 municipalities managed to produce quality financial statements, performance reports and receive a clean audit
It’s the first time a whole province has been placed under administration, and the devil is in the detail
The minister of energy announced that an implementation framework for a new oil refinery would be finalised this year
But better regulation of SA’s financial services industry could mean higher bank charges
Analysts say there is a conflict of interest between their auditing functions and advisory services