August 22
South Africa: Two-Pot Retirement Reform in a Nutshell
After years of workshops, implementation dates moving back and forth and endless debate about how it would work, the two-pot retirement reform implementation date is around the… Read more »
August 12
South Africa: SA Needs to Look Beyond Debits and Credits in the Public Sector, Says Auditor-General
Auditor-General Tsakani Maluleke says that her office's expanded powers are paying off, allowing her staff to go beyond the numbers to look at whether public entities are 'doing… Read more »
July 30
South Africa: The Pillaging of VBS Mutual Bank -
Although VBS Mutual Bank collapsed six years ago, it has been in the headlines this month following an affidavit by its former chairperson, Tshifhiwa Matodzi, that could well prove… Read more »
July 28
South Africa: Siu Joins Transnet in Legal Proceedings Against Nedbank for State Capture-Era Financial Transactions
The Special Investigating Unit and Transnet believe that interest rate swap transactions, which took place in 2015 and 2016, resulted in Nedbank generating profits in 'excess' of… Read more »
July 23
South Africa: After the Bell - In Defence of SOEs - but Without Reckless Borrowing From Banks
National Treasury is working with state-owned enterprises (SOEs) to reform their financial and operational situations. As a start, Treasury is not prepared to give SOEs more… Read more »
April 04
Africa: Standard Chartered, Old Mutual Fintech Arms to Launch UAE Wealth Management Platform
The new wealth platform will be headquartered in the UAE, the Middle East's financial hub, providing access to advanced budgeting, savings and investment solutions for users in the… Read more »
March 20
South Africa: Court Orders FNB to Freeze Payments From Jacob Zuma's Account - and Recover R2.9-Million Plus Interest
In a statement issued on Wednesday morning, First National Bank noted that it was instructed by the High Court to place a hold on outgoing payments from former president Jacob… Read more »
January 09
South Africa: Surprise! South African Banks Are Not Colluding to Destroy the Country
What the Competition Appeal Court's finding demonstrates is that Minister Ntshavheni's notion that there is a grand conspiracy of banks colluding to depress the value of the rand… Read more »
November 27, 2023
South Africa: Banks and National Treasury Challenge Claims of Currency Manipulation and Market Collusion
National Treasury has argued that the alleged actions of banks to manipulate the dollar-rand exchange pair from 2007 to 2013 were not the main cause of the local currency… Read more »
October 24, 2023
South Africa: Media Speculates Reserve Bank's Kuben Naidoo Could Be a Great Fit for Nedbank
Nedbank has firmly declined to comment on media speculation that the South African Reserve Bank's Kuben Naidoo could be a great fit for its open CEO position. Read more »
August 24, 2023
South Africa: Standard Bank Renews Partnership With Industrial and Commercial Bank of China
Two of the biggest banks in their respective geographies have committed to building on their already successful 15-year partnership. Read more »
August 06, 2023
South Africa: International Crime Syndicate Targets South Africans Using Smartphones
According to Statista, between 20 million and 22 million South Africans were using smartphones by January this year. As the use of smartphones with near-field communication has… Read more »
July 09, 2023
South Africa: Top Five Life Insurers Pay Out More Than R43-Billion in 2022
Five of the biggest life insurers paid out a total of R43.2-billion, but that's less than the year before as the effect of the pandemic recedes - even although it hasn't… Read more »
May 15, 2023
South Africa: Eskom Grid Failure - 'Sasria's Job Is to Find an Insurance Solution'
Specialist national insurer Sasria sparked a storm with its announcement that it would not cover claims related to national electricity grid failure -- followed by a backtrack… Read more »