No image available
/ 3 November 2004
The race by foreign banks for a chunk of the South African banking pie appears to be hotting up. The bid by United Kingdom banking group Barclays plc for Absa seems to be gaining momentum, and emerging-market banking group Standard Chartered has reiterated its intention to garner a bigger slice of the South African market.
The African Development Bank (AfDB) on Sunday launched a fund to help nations emerging from conflicts settle their arrears to foreign donors and tap new loans to rebuild their shattered economies. AfDB director Arunma Oteh launched the initial -million fund at a ceremony attended by more than 1 000 delegates.
STANDARD Bank has been ranked 146th in The Banker magazine’s annual Top 1 000 World Bank rating a jump of 13 from last year’s ranking. In addition, Standard Bank was also rated the top sub-Saharan bank in the survey, which ranks the world’s commercial banks. The rankings are based on Tier One capital as defined […]
Johannesburg | Friday THE first steps towards creating a single currency and a single central bank for Africa were taken at a meeting of the association of the continent’s central bank governors, its newly elected chairman said on Thursday. South African Reserve Bank governor and new Association of Central African Bankers (AACB) chairman Tito Mboweni […]
OWN CORRESPONDENT, Pretoria | Wednesday 2.45pm STANDARD Bank Limited (Stanbic), which is fending off a hostile bid from rival Nedcor, has formed a joint venture with African Bank Investments Limited, the companies said on Wednesday. The venture will focus on providing loan, insurance and transaction products to the country’s growing market of black customers, a […]
No image available
/ 22 September 1995
Meshack Mabogoane When the African Bank went through its first major scam involving forex irregularities in 1988, the Reserve Bank seconded Jack Theron, an experienced banker from Trust Bank, to take over from then-chief executive Moses Maubane. Theron’s brief was to salvage the mess, then hand the reigns back to a black chief executive. Ironically […]
No image available
/ 15 September 1995
Meshack Mabogoane reports on the political and racial issues that have arisen as the African Bank closes its doors The closure of the African Bank (AB), pioneering black financial institution, has sparked off racial emotions, political heat and personal anguish. The AB has been more than just a business venture; its symbolic value — reflected […]
The African Development Bank meeting to elect a new=20 president turned into a ‘circus’. Kevin Rafferty in Abuja,=20 Nigeria, reports A meeting of governors of the African Development Bank=20 broke up in disarray in Abuja, Nigeria, this week after=20 failing to elect a new president.=20 The governors will meet again in the headquarters city of=20 […]
Artificial insemination will be used to help distribute genetic diversity between isolated populations
A surge in construction activity in Africa is drawing a new breed of investors eyeing mass timber – and the carbon-trapping forests needed to support it – as a sustainable building alternative to traditional concrete and steel