The number of new accounts has risen but tough times have forced others to borrow
South Africa’s ‘big four’ banks could have been locked out of the international payments system with ‘absolutely catastrophic’ results
Though the ANC did not attempt to browbeat Nedbank into reversing its decision, ‘veiled threats’ were made to the bank at a subsequent meeting.
In 2016, Absa, FNB, Nedbank and Standard Bank unexpectedly cut ties with Gupta-owned businesses and shut down their bank accounts
According to the testimony of retired Standard Bank official Ian Sinton, the ANC questioned Standard Bank’s decision to cut ties with the Guptas
President Ramaphosa has promised to mend ties with Nigeria during his state visit to Abuja
The report found that FNB came first not because of customers’ rising satisfaction with the bank, but because of decreasing happiness with Capitec
Liberty Holdings says it refused a ransom demand after hackers breached its IT infrastructure and accessed some emails.
Liberty Holdings CEO David Munro maintains that no clients suffered any financial loss as a result of the data breach
The banking sector has fared well despite a difficult economic climate
Loopholes and delay tactics allow bogus owners to get rent for buildings in legal limbo
Bank employee acting ‘out of mandate’ faces disciplinary procedures
To date, most of the large companies to cut ties with McKinsey have been financial institutions such as Nedbank, Standard Bank and Barclays Africa.
The Joy of Jazz’s venue was cumbersome but couldn’t constrain a genre that revels in flouting restrictions
The development finance entity says it wasn’t aware of a beneficiary’s connection to a minister
"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"
Finance Minister Pravin Gordhan is seeking a declatory order on the extent of his power to intervene in a bank-client relationship
Beyond the language of price-fixing and collusion, this type of behaviour by bankers amounts to taking food off the tables of South Africans.
If all 17 institutions are penalised, the country’s R140‑billion budget deficit could be wiped out in one fell swoop.
The bank asked the High Court to prevent the president from intervening in its decision to close accounts of companies linked to the Gupta family.
FirstRand is the first lender to publicly disclose reasons for severing links with Oakbay Investments, a company controlled by the Gupta brothers
The ‘big four’ are faring well in tough times yet their shares remain cheap, confounding analysts.
With fake credit cards, fraudsters made 14 000 transactions totalling R300-million from 1 400 ATMs in just three hours.
Mantashe stressed that the Reserve Bank must answer for the closure of the family’s accounts – despite its insistence that it would not get involved.
The Mail & Guardian spoke to some of the protesters who marched on three of SA’s biggest banks and asked them what they thought of the Guptas.
Lucky Vusi Dube is linked to bank robberies, in large part, across Johannesburg in 2014.
The prominent economist came under flak earlier this year after posting a tweet that many on social media deemed racist.
The big four banks have managed to grow earnings impressively, but enormous challenges remain as SA’s economic outlook continues to deteriorate.
After an outcry over suspended Standard Bank economist and strategist Chris Hart’s qualifications on Twitter, Wits has listed his qualifications.
The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.
Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.
Moody’s ratings downgrade of South Africa’s four big banks cast the rescue of African Bank in a very different light.