Although one independent evaluation shows that some banks have been shedding jobs, other banks are hiring
The African Bank, which relied on unsecured lending, has diversified its product offerings
A programme to help Uber drivers obtain vehicles has proven exorbitantly expensive — and drivers still won’t own their cars in the end
FirstRand bank has shown interest in buying three banks from Nigeria’s Asset Management, including Mainstreet and Keystone.
Investec bank has loaned about R240-million rand to First Strut, the Johannesburg based company that is in liquidation.
South African mobile telecommunications group Vodacom and its shareholders, together with Rand Merchant Bank, a division of FirstRand Bank, are currently in the process of structuring a R7,5-billion black economic empowerment (BEE) transaction, it said on Monday. The Vodacom group said that its BEE transaction was "well on track".
No image available
/ 31 October 2007
Publication of the fact that a person is a client of a specific bank does not infringe privacy rights, according to Cape Deputy Judge President Jeanette Traverso. She made the finding in a written judgement, handed down this week, on a bid by FirstRand to prevent magazine noseweek publishing the names of clients involved in an allegedly dodgy tax scheme.
No image available
/ 20 September 2007
FirstRand Bank has lost a court bid to prevent noseweek magazine publishing the names of clients involved in allegedly shady offshore tax dodging schemes. Cape High Court Deputy Judge President Jeanette Traverso on Thursday dismissed the bank’s application with costs, saying she would give her reasons later.
No image available
/ 19 September 2007
The legality of a FirstRand Bank offshore tax scheme came under scrutiny in the Cape High Court on Wednesday when the bank sought an urgent interdict to stop noseweek magazine from publishing the names of clients involved in it. Deputy Judge President Jeanette Traverso will give her ruling on Thursday morning.
No image available
/ 19 September 2007
Having for the first time in a decade halted the draining away of freight transportation from the railways to the roads, Maria Ramos, the chief executive of Transnet, is aiming to win back a large slice of the business. "Not all cargo on the roads is suitable for rail," Ramos explained in Cape Town on Wednesday, "but we are targeting the container traffic aggressively."