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ABSA

Mantashe to face Zondo commission
Article
/ 26 November 2018

Mantashe to face Zondo commission

ANC to make submissions regarding evidence from the country’s big four banks and Barbara Hogan, the former public enterprises minister

By Sarah Smit
Steinhoff class action is payback
Article
/ 9 November 2018

Steinhoff class action is payback

The major bid lists as many as 42 defendants to get as much as possible out for investors

By Tebogo Tshwane
Wary consumers start saving
Article
/ 5 October 2018

Wary consumers start saving

The number of new accounts has risen but tough times have forced others to borrow

By Gemma Ritchie
Lenders allow Jooste more time to pay up
Article
/ 25 September 2018

Lenders allow Jooste more time to pay up

Lenders and other creditors have now agreed that Markus Jooste has until March 2019 to repay his debts without interest

By Loni Prinsloo 1
Water Efficiency and Management
Article
/ 21 September 2018

Water Efficiency and Management

Winner: Absa towers north greywater plant

By Sipho Kings
#StateCaptureInquiry: Banks expose ANC intervention in Gupta account closures
Article
/ 19 September 2018

#StateCaptureInquiry: Banks expose ANC intervention in Gupta account closures

So far the commission — chaired by Deputy Chief Justice Raymond Zondo — has heard from officials from Standard Bank, FNB and Absa

By Sarah Smit
#StateCaptureInquiry: Absa, FNB set to testify on Gupta account closures
Article
/ 18 September 2018

#StateCaptureInquiry: Absa, FNB set to testify on Gupta account closures

In 2016, Absa, FNB, Nedbank and Standard Bank unexpectedly cut ties with Gupta-owned businesses and shut down their bank accounts

By Sarah Smit
State capture inquiry: Zondo to hear why banks cut Gupta ties
Article
/ 17 September 2018

State capture inquiry: Zondo to hear why banks cut Gupta ties

In 2016, Absa, FNB, Nedbank and Sasfin unexpectedly cut ties with Gupta-owned businesses and shut down their bank accounts.

By Sarah Smit
Absa revenue slightly up, Ramos optimistic after Barclays exit
Article
/ 6 August 2018

Absa revenue slightly up, Ramos optimistic after Barclays exit

Growth in retail and business banking in South Africa boosted the bank’s earnings

By Sibongile Khumalo
PASA cracks down on debit order fraud
Article
/ 2 August 2018

PASA cracks down on debit order fraud

DebiCheck — now live across ten banks – will be a debit order fraud game changer

By Staff Reporter
Competition commission resolute in bank collusion hearings
Article
/ 31 July 2018

Competition commission resolute in bank collusion hearings

Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case

By Lynley Donnelly
Forex hearings: Competition Commission accused of being ‘vexatious and unreasonable’
Article
/ 31 July 2018

Forex hearings: Competition Commission accused of being ‘vexatious and unreasonable’

After numerous pre-hearings, the matter is finally being heard, well over a year after the Competition Commission referred the case to the tribunal

By Lynley Donnelly
ConCourt grants Mkhwebane direct access to appeal personal costs order
Article
/ 24 July 2018

ConCourt grants Mkhwebane direct access to appeal personal costs order

In February, Mkhwebane was ordered to pay 15% of the legal costs of the South African Reserve Bank’s challenge to her Absa/Bankorp report

By Paul Herman
Is Absa’s new coat of paint enough?
Article
/ 13 July 2018

Is Absa’s new coat of paint enough?

Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share

By Thulebona Mhlanga
FNB narrowly beats Capitec for top spot in digital banking survey
Article
/ 26 June 2018

FNB narrowly beats Capitec for top spot in digital banking survey

The report found that FNB came first not because of customers’ rising satisfaction with the bank, but because of decreasing happiness with Capitec

By Agency
Orlando Pirates and the curse of the crimson Ghost
Article
/ 15 June 2018

Orlando Pirates and the curse of the crimson Ghost

What’s black and white and red all over? To the dismay of many, it may just be Pirates’ kit for the new season

By Luke Feltham
SAICA and KPMG part ways
Article
/ 1 June 2018

SAICA and KPMG part ways

The institute of chartered accountants said it will now begin a tender process to appoint external auditors

By Agency
ABSA parent Barclays Africa Group drops KPMG
Article
/ 3 May 2018

ABSA parent Barclays Africa Group drops KPMG

Barclays Africa Group announced that it is cutting ties with beleaguered firm KPMG as its joint auditors

By Staff Reporter
​Steinhoff’s ex-CEO could make a tidy penny after deal with banks
Article
/ 25 April 2018

​Steinhoff’s ex-CEO could make a tidy penny after deal with banks

After Markus Jooste’s investment company has sold off assets to pay his creditors, the former Steinhoff CEO could make about R500-million

By Gemma Ritchie
Court dismisses Public Protector’s appeal on Bankorp-CIEX costs order
Article
/ 29 March 2018

Court dismisses Public Protector’s appeal on Bankorp-CIEX costs order

The high court has dismissed Busisiwe Mkhwebane’s application for leave to appeal a judgment that she pay 15% of the costs incurred by SARB

By Agency
‘I committed to serving SA’ – Mkhwebane won’t resign
Article
/ 6 March 2018

‘I committed to serving SA’ – Mkhwebane won’t resign

During a round of questions, EFF MP Sam Matiase said Mkhwebane should do the honourable thing and follow Zuma’s example by handing in her resignation

By Paul Herman
A case for Mkhwebane’s removal
Article
/ 28 February 2018

A case for Mkhwebane’s removal

The public protector’s ill-conceived report and behaviour are grounds for Parliament to oust her

By Serjeant At The and Bar Author
Public Protector’s ABSA bailout report set aside
Article
/ 16 February 2018

Public Protector’s ABSA bailout report set aside

Mkhwebane personally on the hook to pay some of the Reserve Bank’s costs

By Yolandi Groenewald
The roast of Busisiwe Mkhwebane
Article
/ 8 December 2017

The roast of Busisiwe Mkhwebane

The public protector was grilled so badly in court that she was left fighting for her professional life

By Phillip De Wet
Mkhwebane: Final Absa report isn’t final, so can’t be challenged
Article
/ 6 December 2017

Mkhwebane: Final Absa report isn’t final, so can’t be challenged

In June this year, Mkhwebane put her signature to a report that seemed to suggest that the government must recover R1.125-billion from Absa.

By Phillip De Wet
Mkhwebane says Reserve Bank is trying to remove her as public protector
Article
/ 6 December 2017

Mkhwebane says Reserve Bank is trying to remove her as public protector

The hearing is expected to wrap on Wednesday afternoon or during the course of Thursday morning.​

By Phillip De Wet
​Absa calls public protector a loophole-seeking plagiarist
Article
/ 5 December 2017

​Absa calls public protector a loophole-seeking plagiarist

After getting wrong the law and the facts, the public protector outsourced the process of trying to justify a crucial report, ABSA told the court.

By Phillip De Wet
Gloves come off in public protector showdown
Article
/ 1 December 2017

Gloves come off in public protector showdown

The Reserve Bank and Absa have lost their cool and the court battle promises to be ugly

By Phillip De Wet
Eskom default risks contagion
Article
/ 17 November 2017

Eskom default risks contagion

The banks’ exposure to the utility is limited but a debt failure would create a financial black hole

By Lynley Donnelly
Reserve Bank guns for Mkhwebane and her CIEX delay attempt
Article
/ 14 November 2017

Reserve Bank guns for Mkhwebane and her CIEX delay attempt

​Public protector Busisiwe Mkhwebane faces a bruising day in court on Friday, if papers from the Reserve Bank are anything to go by.

By Phillip De Wet
Three Gauteng departments in hot water as Life Esidimeni web gets ever more tangled
Article
/ 2 November 2017

Three Gauteng departments in hot water as Life Esidimeni web gets ever more tangled

A high court ruling finds links between a missing R5m for drug rehab and the neglected welfare of the province’s most vulnerable people

By Phillip De Wet
New kids disrupt SA banking
Article
/ 13 October 2017

New kids disrupt SA banking

Fledgling banks can offer client-centric systems that are leaner than their traditional counterparts

By Thalia Holmes
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