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latest news & developmentsGlobal players enabled ‘Zupta’ corruption
The Zupta decade: Governments and global corporates, banks and consultants must stop enabling money laundering
Big banks under pressure to end fossil-fuel finance
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
HSBC to pay nearly €300mn to end Belgian criminal probe
As well as paying €294.4-million as a criminal fine, the bank will also hand over 400,000 euros in civil damages to the Belgian state.
HSBC boss in shock exit as bank warns of ‘challenging’ times
Monday’s surprise news came shortly before HSBC reported first-half net profit up 18.6% at $8.5-billion from a year earlier.
China accuses Trump of ‘blackmail’ after new tariffs threat
Trump warned of "additional tariffs" should Beijing hit back with tit-for-tat measures
Focus shifts to Steinhoff’s ex-chair Christo Wiese
It appears US banks lost $1-billion when they loaned to the tycoon who used his Steinhoff shares as collateral
Botswana revenue service to investigate Swiss bank accounts
Investigative journalists leaked info from Swiss Bank HSBC about eight Botswana residents holding Swiss accounts that may not have been declared.
Investors saddled with reform risk
New regulations will require investors to bear the risk of South African bank failures.
Standard Bank cited in price-fix claim
Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.
Expect low private consumer spending in 2014
The platinum strike, rising inflation and other factors have contributed to a "bleak outlook for consumer spending", according to a new report.
Gold fix study indicates a decade of manipulation
A research paper has raised the possibility that banks have been working together to manipulate the London gold fix rate.
Gold gains as investors weigh US economy concerns
The commodity rallied as an ADP research institute report showed US companies added less jobs than was forecast.
SA’s PMI drops to 50.5 for December
The purchasing managers’ index has dropped to 50.5 for December, the weakest it has been in three months.
Rand weakens to a five-year low after China manufacturing data
The rand was one of the worst performing major currencies as demand for China’s manufactured goods declined.
HSBC’s new PMI index shows growth in SA
HSBC has launched South Africa’s first purchasing managers index that looks at the whole economy, and it revealed the country is growing.