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| Rising South African bank closures provoke Ombudsman concern; Standard Bank's account shutdowns for Sekunjalo affiliates raise scrutiny... read |
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| RACHEL SAVAGE AND BRENDA GOH Due to sanctions on Russia, Brics' New Development Bank must boost local currency fundraising and lending, per South Africa's finance minister...read |
| | Naledi Pandor, minister of international relations, is sure the upcoming Brics Summit will enhance partnerships, benefiting South Africa, Africa, and the global South...read |
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| HARRY SCHERZER In April, South Africa's Sars unveiled sudden regulations on offshore money, surprising the finance sector and prompting claims of stealthy governance... Read |
Finance |
| Duncan Pieterse appointed National Treasury director-general. Cabinet confirmed the decision, led by Khumbudzo Ntshavheni... Read |
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Banking |
| CHRIS BLAIR Digital currencies, particularly decentralised ones, can play a transformative role in promoting sustainable finance and economic inclusion, key aspects of ESG... Read |
| PROMIT MUKHERJEE A marginal rise in interim profit was reported by Absa, attributed to higher interest rates, partially mitigated by increased impairments... Read |
| Zenith Bank partners with AfCFTA for digital trade transformation, introducing SmartAfCFTA portal to enhance African self-sufficiency and competitiveness... Read |
| FNB pioneers sustainability with solar systems in 100 branches, boosting resilience during load shedding and reducing environmental impact... Read |
| South African mortgage credit landscape transformed; charges surged 258% to reach R975m in six months, an unprecedented shift... Read |
Financial Services |
| Pricing of the loans will be capped at the repo rate (at the commencement of the loan) plus a maximum of 6%... Read |
Fintech |
| Amidst a growingly competitive e-commerce landscape, there is a plethora of efforts aimed at enticing and retaining customers... Read |
Insurance & Actuarial |
| KATJA HAMILTON Following concerns over rising private healthcare expenses, the Council for Medical Schemes mandates medical schemes to cap cost Increases at 5%... Read |
| DEON SCHEEPERS Small-scale farmers have long faced challenges accessing agricultural insurance and, in turn, accessing financing... Read |
Markets & Investment |
| The South African Mint, owned by the Reserve Bank, introduces the Buffalo coin, concluding the Big 5 Series II collection... Read |
| LINDSEY SCHUTTERS Vodacom and Masiv now wait on the Competition Tribunal decision on the investment deal after Competition Commission says no... Read |
| MTN Group published positive business results for first half 2023 and also announced a Mastercard investment into its fintech division... Read |
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