Creator
Godfrey Marawanyika
Bob Diamond’s Atlas Mara buys bank in 1st Africa purchase
The investment firm has begun building what it hopes will be Africa’s premier financial service group.
Old Mutual selling its Skandia operations in Germany and Austria
The insurance giant is shedding some of its investments operations in Germany and Austria in order to focus on growth in Africa.
Capitec gears up for more bad debt
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.
Zim’s new central bank governor faces currency constraint
The incoming Zimbabwean central bank governor will focus on regulation rather than money controls in a country which has abandoned its own currency.
Implats discusses building a base-metal refinery in Zimbabwe
Mines Minister Walter Chidhakwa says he is holding "interesting discussions" with Impala Platinum about building a base-metal refinery in Zimbabwe.
Motsepe plans money management firm
The Financial Mail has reported that the billionaire is planning to start a financial-services company.
Standard Bank profit rises 1% after costs offset interest income
Growth in unsecured lending and a repricing of mortgages helped boost Standard Bank’s interest income.
PIC demands Ecobank chief resign
The Public Investment Corporation has asked Ecobank’s chief executive, Thierry Tanoh, to resign immediately over concerns he has abused his position.
Nedbank mulls Ecobank governance issues before deciding on stake
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 profit beats expectations
Nedbank Group reported a full-year profit that was higher than expected as revenue increased and bad debt growth slowed down.
Barclays South Africa profit climbs 20% as credit impairments drop
The bank’s net income has risen to R12-billion from R10-billion last year.
FirstRand considers expansion into Kenya
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 ‘new wave’ of companies could list on JSE, says Goldman Sachs
A number of private portfolio exits could spark several companies to list on the stock exchange, says the top underwriter of IPOs.
Platinum giants vie to mine in Zim
Having been compelled to submit plans to construct base-metal refineries in Zimbabwe, platinum producers have filed their response to government.
Ex-China bank’s boss now Standard Bank Group’s deputy chair
The former president of China’s biggest bank, Yang Kaisheng, has been appointed as Standard Bank Group’s new deputy chairperson.