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The investment firm has begun building what it hopes will be Africa’s premier financial service group.
The insurance giant is shedding some of its investments operations in Germany and Austria in order to focus on growth in Africa.
The country’s second largest lender of unsecured loans is setting aside more money for bad debt as mine strikes and a slow economy hit consumers.
The incoming Zimbabwean central bank governor will focus on regulation rather than money controls in a country which has abandoned its own currency.
Mines Minister Walter Chidhakwa says he is holding "interesting discussions" with Impala Platinum about building a base-metal refinery in Zimbabwe.
The Financial Mail has reported that the billionaire is planning to start a financial-services company.
Growth in unsecured lending and a repricing of mortgages helped boost Standard Bank’s interest income.
The Public Investment Corporation has asked Ecobank’s chief executive, Thierry Tanoh, to resign immediately over concerns he has abused his position.
The bank has nine months to decide on whether it wants to convert a $285-million loan to the Togo-based Ecobank into an equity holding.
Nedbank Group reported a full-year profit that was higher than expected as revenue increased and bad debt growth slowed down.
The bank’s net income has risen to R12-billion from R10-billion last year.
The financial services provider hopes to restart its expansion plans into the African continent and says this time Kenya could be the place to begin.
A number of private portfolio exits could spark several companies to list on the stock exchange, says the top underwriter of IPOs.
Having been compelled to submit plans to construct base-metal refineries in Zimbabwe, platinum producers have filed their response to government.
The former president of China’s biggest bank, Yang Kaisheng, has been appointed as Standard Bank Group’s new deputy chairperson.
Demand for South African wines from Europe, whch experienced a poor harvest in 2013, saw exports rise by 26%.
A Bill, which must first gain parliamentary approval before being signed into law, has proposed levies on mining companies.
Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.
Standard Bank is selling over R1-billion of Discovery shares for an unnamed client.
Nedbank plans to buy a fifth of Ecobank Transnational, which has extensive presence in Africa, for more than $500-million.
