Firstrand

There were replacement transactions at Old Mutual and Absa, with FirstRand, Sanlam and Capitec retaining black ownership. But Standard Bank and Nedbank have less than 1% black…

As foreign banks retreat from the continent, local lenders are stepping up to fill the gap

The commission says the case highlights the difficulty of prosecuting global and domestic cartels that exploit legal loopholes to delay proceedings

South Africa’s biggest banks, and most of their foreign counterparts, are no longer up for prosecution following a competition appeal court order

The FirstRand chief operating officer is set to become the first black woman to run a major banking group in South Africa

A higher cost of borrowing is generally good for bank profit margins – until it isn’t

The founder of FirstRand says the group prospered because it constantly diversified

But analysts say the fossil fuel’s boom will probably be short-lived as the turn to renewable energy picks up

The bank’s chief risk officer says banks can’t stand on the sidelines of the climate crisis debate

Reserve Bank launches feasibility study into a possible retail central bank digital currency, which is expected to be concluded in 2022.

Technology used in cryptocurrency will overhaul the banking sector and cater for the unbanked

Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change

The sector was badly hit by credit losses, but strong capital buffers have kept it from spiralling

Unless the country did something ‘extraordinary’, Ramaphosa notes that South Africa will not be able to reduce the unemployment rate to 6% by 2030

The banks’ exposure to the utility is limited but a debt failure would create a financial black hole