The Free State Development Corporation was third on the list of those who received large sums of money from the embattled bank
KPMG executive chairperson Wiseman Nkuhlu says the firm will take stock of the investigation and cooperate with the Reserve Bank
An explosive report commissioned by the Reserve Bank identifies alleged kingpins in the looting of the beleaguered mutual bank
Foreign direct investment is vital for economic growth
EFF tries to force the ruling party’s hand to make the central bank state-owned
ARC did not say what they paid for the 90% of the shares. The bank has not officially launched yet
In February, Mkhwebane was ordered to pay 15% of the legal costs of the South African Reserve Bank’s challenge to her Absa/Bankorp report
Fedusa wants the pair to be declared delinquent directors for ‘failing to apply the highest standards of ethics and good corporate governance’
The notes capture the life of Madiba from his birth to his inauguration as the first democratically elected president of South Africa
What may be SA’s first female black-owned bank is due to disrupt the sector by targeting hawkers and taxi drivers
The DA is due to present its case on why the public protector should be removed from office and the strikes against her are not working in her favour
The banking sector has fared well despite a difficult economic climate
This is according to the 2017 annual report from the Reserve Bank’s banking supervision department, which was released on Tuesday morning
The last time SARB cut the repo rate before March was in July 2017, when the MPC reduced the rate by 25 basis points from 7% to 6.75%
But better regulation of SA’s financial services industry could mean higher bank charges
Even though South Africa has got off to a positive start this year, it is too early to tell that the country is on a new growth trajectory
The SARB on Thursday issued a statement following recent developments at KPMG.
SizweNtsalubaGobodo says there is reason to believe there has been fraudulent reporting and manipulation of financial information
The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach
The SARB has managed to keep within its mandate to keep inflation at low levels.
The South African Reserve Bank was justified in placing VBS Mutual Bank under curatorship
Besides wanting more goods to be zero-rated, the federation is upping public sector wage demands
At the ANC’s 54th national conference, the party’s economic transformation committee resolved that the SARB should be nationalised
‘Terreblanche wrote with a deep idealism in a country frequently with the highest levels of inequality’
Will the ANC-led government honour Jacob Zuma the way it ought to have honoured Thabo Mbeki?
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Capitec stock fell by about 20% when Viceroy Research released a report claiming that Capitec bank “is a wolf in a sheep’s clothing and a loan shark”
Finally, some good economic news!
The public protector was grilled so badly in court that she was left fighting for her professional life
In June this year, Mkhwebane put her signature to a report that seemed to suggest that the government must recover R1.125-billion from Absa.
The hearing is expected to wrap on Wednesday afternoon or during the course of Thursday morning.
Gigaba has asked the court to overturn the entire Bankorp report rather than just striking down sections of it, as Absa and the Reserve Bank has asked
After getting wrong the law and the facts, the public protector outsourced the process of trying to justify a crucial report, ABSA told the court.