Experts say the banking system is as advanced as that in Europe but its antiquated infrastructure is difficult to modernise
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There are about 30 African countries where tontines are used, and 14 in Asia. In South Africa, it is known as a stokvel
The big South African banks’ decision to stop serving Sekunjalo is unjustified, and we are fighting back in the courts and the Competition Tribunal
When faced with the choice between protecting the interests of people and making a profit, even the most benign corporations will choose the latter.
South Africa, the continent’s largest emitter, is not among several African countries that joined the UK-led coalition committing to phase out the fossil fuel
People plundering shops and malls has spread, leaving a trail of devastation and loss of income and jobs
A Just Share report on the AGMs of seven of SA’s biggest financiers found their climate commitments show promise, but timelines remain sketchy
Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times
Planning for innovation and not the pandemic has given Capitec bank runway to better results
The banking sector will be in a vulnerable position if the national treasury does not stabilise its debt
The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget
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
Companies must behave like model democratic citizens if they are to earn and retain society’s social licence to operate
The regulations aim to prevent money laundering and financing terror organisations, but implementing them is proving to be difficult
Incomes are on the line because only 100% South African-owned businesses qualify for assistance
But the church has fallen into the worldly trap of placing money and comfort above God
Corporations and banks that aided the apartheid regime have not been brought to book, so they continue to act with impunity
Although one independent evaluation shows that some banks have been shedding jobs, other banks are hiring
Banks aren’t following procedure in selling the primary dwellings of people whose properties are in foreclosure. But changes to the rules brings hope
AI is only as clever as the data it’s fed and its financing decisions can be distorted by sexist, racist information
Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case
Delays in signing the amendments into law had caused anxiety in the banking sector.
Authorities have come up with a plan to ensure customers of broken banks aren’t left in the lurch
"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"
Reserve Bank says PIC’s exposure to local banks not considered to
be a high risk
Readers write in about banks, identity, and the ANC.
Beyond the language of price-fixing and collusion, this type of behaviour by bankers amounts to taking food off the tables of South Africans.
The Gordhan-Gupta court battle has overshadowed the institutions’ need to comply with international regulation.
The ‘big four’ are faring well in tough times yet their shares remain cheap, confounding analysts.
They have told the public protector they were confused by regulators and duped by dealerships.
Banks are struggling for liquidity, resulting in empty ATMs, as foreign banks now show signs of weakness alongside struggling local counterparts.
A bank owned by a Brazilian billionaire has been accused by US prosecutors of processing millions of dollars in bribes, including to Fifa officials.