Banks

Experts say the banking system is as advanced as that in Europe but its antiquated infrastructure is difficult to modernise

There are about 30 African countries where tontines are used, and 14 in Asia. In South Africa, it is known as a stokvel

The big South African banks’ decision to stop serving Sekunjalo is unjustified, and we are fighting back in the courts and the Competition Tribunal

When faced with the choice between protecting the interests of people and making a profit, even the most benign corporations will choose the latter.

South Africa, the continent’s largest emitter, is not among several African countries that joined the UK-led coalition committing to phase out the fossil fuel

People plundering shops and malls has spread, leaving a trail of devastation and loss of income and jobs

A Just Share report on the AGMs of seven of SA’s biggest financiers found their climate commitments show promise, but timelines remain sketchy

Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times

Planning for innovation and not the pandemic has given Capitec bank runway to better results

The banking sector will be in a vulnerable position if the national treasury does not stabilise its debt

The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget

Heavily indebted, South Africans turn to loan sharks rather than banks for short-term relief, while business resists borrowing from banks due to economic uncertainty

Companies must behave like model democratic citizens if they are to earn and retain society’s social licence to operate

The regulations aim to prevent money laundering and financing terror organisations, but implementing them is proving to be difficult

Incomes are on the line because only 100% South African-owned businesses qualify for assistance