Mail & Guardian
Mail & Guardian

Nolwandle Mthombeni

latest news & developments
Rands and sense: African Bank chief executive Kennedy Bungane says it is on target to realise its aim of being a broad-based black bank, set out nearly 60 years ago. (Delwyn Verasamy/M&G)
AFRICAN BANK

African Bank is daring to dream big

With the tagline ‘the audacity to believe’, it will need to be ambitious to be seen as a real competitor

  • Sarah Smit
6 min read
Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too. But critics have questioned the appointment of a white man.
ABSA

Absa’s Arrie Rautenbach long game can’t save bank from transformation critics

Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too

  • Sarah Smit
8 min read
Off target: Capitec Bank took on short-seller Viceroy, whose founder Fraser Perring is pictured, and whose report on the bank was subsequently found to be false. (Photo: Guillem Sartorio/Bloomberg via Getty Images)
ABSA

Capitec Bank flies high above Viceroy’s arrow

The bank took a knock after being labelled a loan shark by the short seller, but this has not stymied its growth

  • Sarah Smit
6 min read
New era: Standard Bank’s new business model includes it being a platform for other services and partnerships. Photo: THEGIFT777
AFRICAN RAINBOW CAPITAL INVESTMENTS

Banks battle for relevance in the platform era

While Standard Bank and FNB ward off fintech disruptors, their digital-only competitors battle on the fringes

  • Sarah Smit
6 min read
Bullish: Transaction Capital’s David Hurwitz says defensive sectors are resilient in the wake of the pandemic. Photo: Elaine Banister Photography
COMPETITION COMMISSION

Transaction Capital finds trust among used-car salesmen

The firm believes the second-hand vehicle business will thrive in a post-Covid world

  • Sarah Smit
5 min read