As foreign banks retreat from the continent, local lenders are stepping up to fill the gap
Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
Standard Chartered pleaded guilty to currency manipulation (which included the rand) between 2007 and 2013
Despite sustained attacks from banks in the forex hearings, the Competition Commission remains confident of its case
Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share
Barclays Africa Group announced that it is cutting ties with beleaguered firm KPMG as its joint auditors
The land debate has to be approached calmly and responsibly says Barclays Africa Group chief executive Maria Ramos.
"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"
The bank’s South African unit, Absa, says the Competition Commission is not seeking any administrative penalty against it.
The ‘big four’ are faring well in tough times yet their shares remain cheap, confounding analysts.
It appears that South Africa’s rating downgrade has been postponed until December – but is inevitable regardless, say some economists.
Mining tycoon Patrice Motsepe reportedly has his sights set on being a major player in the banking sector.
The bank has plans to deconsolidate Barclays Africa Group, which Absa is a part of, and intends to sell down its 62% stake in the business.
Given the deterioration of the continent’s prospects, the question is who would want to take over the bank’s 62% stake in JSE-listed Barclays Africa.
The Reserve Bank hasn’t found any untoward activity in a review of foreign exchange trading, but the Competition Commission is investigating.
The markets did not appear to share Barclays Africa’s conviction that it was well on its way to becoming one of the continent’s major banks.
New regulations will require investors to bear the risk of South African bank failures.
Its shortfall is the largest of all the British banks, and new rules could put it under extreme pressure.
It has cut jobs and reduced its investment arm – now the group is looking south for a lifeline.
