Latest articles on BANKS

Too broke for Mboweni to budget

The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget

Debt rises as virus eats paycheques

Heavily indebted, South Africans turn to loan sharks rather than banks for short-term relief, while business resists borrowing from banks due to economic uncertainty

Unethical businesses will face people’s protest

Companies must behave like model democratic citizens if they are to earn and retain society’s social licence to operate

Controls on remittances risk driving financial flows to Somalia underground

The regulations aim to prevent money laundering and financing terror organisations, but implementing them is proving to be difficult

Small trade, foreigners in a funding fix

Incomes are on the line because only 100% South African-owned businesses qualify for assistance

Morals decide the state of the nation

But the church has fallen into the worldly trap of placing money and comfort above God

Apartheid criminals still at large

Corporations and banks that aided the apartheid regime have not been brought to book, so they continue to act with impunity

Swings and roundabouts for jobs in banks

Although one independent evaluation shows that some banks have been shedding jobs, other banks are hiring

Banks bungle sale of houses

Banks aren’t following procedure in selling the primary dwellings of people whose properties are in foreclosure. But changes to the rules brings hope

Fix AI’s racist, sexist bias

AI is only as clever as the data it’s fed and its financing decisions can be distorted by sexist, racist information

Competition commission resolute in bank collusion hearings

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

New Fica signed in nick of time

Delays in signing the amendments into law had caused anxiety in the banking sector.

Who coughs up if your bank folds?

Authorities have come up with a plan to ensure customers of broken banks aren’t left in the lurch

Banks seek settlement — and also challenge collusion claims

"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"

Banks ‘can resist’ market shock

Reserve Bank says PIC’s exposure to local banks not considered to be a high risk

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Q&A Sessions: George Euvrard, the brains behind our cryptic crossword

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Why prisoners are a priority in vaccine rollout

Inmates comprise a vulnerable group in society and they are meant to receive Covid-19 vaccines earlier than the general population. This has sparked debate locally and globally

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