"Bare-bones" banking has arrived —but it costs. The Mzansi project, involving South Africa’s Big Four banks, was launched this week with the aim of bringing South Africa’s…
JSE Securities Exchange-listed Liberty Life has been on the operational high road for the past year — and it shows in its interim results to end-June. Headline earnings are up by…
Kumba Resources, a major resources firm majority-owned by Anglo American, has interviewed 130 potential partners in its quest to meet the black economic empowerment (BEE)…
Vehicle sales are a major economic index — but they also serve as a useful demographic indicator. This week vehicle finance bank Wesbank released figures showing that over the…
South Africa’s banks are using their formidable joint product development capacity to create a national savings account designed to service millions of people who have no banking…
New legislation aimed at bringing financial services within the reach of South Africa’s estimated 17-million "unbanked" adult citizens is in the pipeline. The Dedicated Banks…
It is high noon for the Financial Advisory and Intermediary Services Act. By late next month, the financial sector faces its first watershed in the implementation of the Act. At…
The sale of Old Mutual’s 53% stake in ailing Nedcor looks very probable — if the price is right. Last week the two parties reacted to media speculation by refusing to comment
The Financial Sector Charter is a start — and it is a positive start. Not only will adherence to the charter transform the huge institutions within the sector, but its…
Sky-high insurance premiums are unlikely to come down in a hurry, industry leaders suggested last week. An insurance analyst expects an 18-month wait before any discernible…
In a turbulent week for the banking sector, FirstRand came in with enviable results for its year to June 2003, troubled Nedcor announced the departure of CE Richard Laubscher and…
