South Africa’s biggest banks, and most of their foreign counterparts, are no longer up for prosecution following a competition appeal court order
The FirstRand chief operating officer is set to become the first black woman to run a major banking group in South Africa
A higher cost of borrowing is generally good for bank profit margins – until it isn’t
The founder of FirstRand says the group prospered because it constantly diversified
But analysts say the fossil fuel’s boom will probably be short-lived as the turn to renewable energy picks up
The bank’s chief risk officer says banks can’t stand on the sidelines of the climate crisis debate
Reserve Bank launches feasibility study into a possible retail central bank digital currency, which is expected to be concluded in 2022.
Technology used in cryptocurrency will overhaul the banking sector and cater for the unbanked
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
The sector was badly hit by credit losses, but strong capital buffers have kept it from spiralling
Unless the country did something ‘extraordinary’, Ramaphosa notes that South Africa will not be able to reduce the unemployment rate to 6% by 2030
The banks’ exposure to the utility is limited but a debt failure would create a financial black hole
Documents seen by the M&G have reopened questions on a Scorpion investigation regarding a series of payments to the presidential spokesperson.
FirstRand is the first lender to publicly disclose reasons for severing links with Oakbay Investments, a company controlled by the Gupta brothers
Namibia’s utility is planning a bond sale in it’s own country as well as in South Africa to raise funding for its share of a $1.2-billion gas plant.
The debate about gender-based violence is easily obscured by statistics, as horrifying as they may be.
FirstRand bank has shown interest in buying three banks from Nigeria’s Asset Management, including Mainstreet and Keystone.
Employee initiatives give people the tools to change lives and make a difference.
Momentum has created a sustainable and robust employee volunteering programme that brings real meat to the table.
If you thought that volunteering was nothing more than being helpful, then Vosesa has a surprise in store for you.
Can corporate programmes that involve employees in NGOs really make a difference to South African communities?
Investec’s social investment philosophy demonstrates why a powerful volunteer programme must focus on building a strong relationship with the NGO.
The Charities Aid Foundation drives effective corporate social investment through innovation and leadership.
Driving change through employee volunteering can be done with finesse and an eye to the future, as Absa has proven.
Plan better and deliver more, conference hears.
Creating a new strategy in corporate communications demands fresh thinking and a clear vision, as FirstRand has discovered.
Shareholders of Finance Bank are contesting the legality of FNB’s doomed acquisition in 2011.
The FirstRand group has moved into India’s retail banking space and its 700-million unbanked residents.
South Africa’s R3.2-trillion infrastructure stimulus could come at a hefty price after Moody’s credit rating agency downgraded the big five banks.
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/ 17 October 2011
Foreign investors are on edge as they anxiously await news of Zambian President Michael Sata’s stricter policy plans.
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/ 11 December 2010
Zambia’s central bank has appointed South Africa’s FirstRand to run a key commercial bank facing collapse due to poor management.
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/ 14 September 2010
South African bank FirstRand posted a 34% rise in full-year profit, helped by a recovery in bad debts and investment banking.