Retrenchments are in the offing at the embattled bank, amid allegations of fraud of ‘epic proportions’
Retail depositors refers to individuals, funeral schemes, burial societies, savings clubs and stokvels
The bank on Wednesday morning reiterated that it had not been contacted by the NCR
The deficit came after seven consecutive quarterly surpluses.
The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March
Prudential authority chief Kuben Naidoo says although the probability of saving the bank has fallen, it is not at zero
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%
Nedbank Group’s Economic Unit forecasted on Monday that interest rates in South Africa will remain unchanged into late 2019
Critical to success is a roll-out of transactional offerings and securing refinancing
The Davis tax committee says accurate data is needed before a wealth tax can be introduced
SizweNtsalubaGobodo says there is reason to believe there has been fraudulent reporting and manipulation of financial information
Protecting and preserving historical records has been the cornerstone of SAHA’s work. But after a cost order, they could be out of business.
The high court has dismissed Busisiwe Mkhwebane’s application for leave to appeal a judgment that she pay 15% of the costs incurred by SARB
The SARB has managed to keep within its mandate to keep inflation at low levels.
The West Rand’s plight could be a harbinger of problems for municipalities invested in VBS being placed under curatorship
‘We thought the bank was a safe place to keep our money but now we have been thrown
in a dilemma’
National Treasury said placing VBS Mutual Bank under curatorship is a better option than liquidation
This notion that the Reserve Bank decided to attack a black bank has got to be condemned says central bank governor
The mutual bank faces the possibility of going bust after the Treasury instructed municipalities to stop investing with it last year.
Will the ANC-led government honour Jacob Zuma the way it ought to have honoured Thabo Mbeki?
Mkhwebane personally on the hook to pay some of the Reserve Bank’s costs
JP Verster was right about African Bank and Steinhoff but disagrees with Viceroy’s latest report
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“The challenge for government will be to find ways to finance the deficit in a growth-positive manner"
A closer look at the resolution of the ANC, shows that it won’t undertake a radical economic transformation agenda as suggested by media reports.
Expect to fork out for budget shortfalls, free education and Eskom, but interest rates, fuel and food could provide some relief
The ANC is seeking to amend the constitution to allow for expropriation of land without compensation and the nationalisation of the Reserve Bank
It is viewed as a “historical anomaly” that the reserve bank has private shareholders. It is recommended that the Reserve Bank be entirely state owned
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‘The Crocodile’ will have to rethink policies and appoint competent people to woo investors back into the water