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 »
July 11, 2022
South Africa: R10bn of Sasria Claims Related to July Looting Still to Be Settled
More than 21,000 claims were lodged in Gauteng and KwaZulu-Natal, and Sasria has paid out the majority. Read more »
July 05, 2022
South Africa: SA's Life Insurers Sit On R33.5 Billion in Unclaimed Assets
In many cases, particularly with life insurance policies, insurers are often unable to trace beneficiaries who are due a payout because their contact details have not been updated,… Read more »
June 20, 2022
South Africa: Discovery Bank Hits 1 Million Accounts, Launches Gym and Airport Lounge Benefits
New products announced this week by Hylton Kallner, the chief executive of Discovery Bank, include Vitality Pay As You Gym, and a partnership with SAA that will see Discovery Bank… Read more »
May 16, 2022
South Africa: Will SA Reserve Bank Interest Rate Hikes Cool the Housing Market?
Rising interest rates will have an impact on South Africa's housing market, according to industry players. But the degree of that impact and when it will be felt the most is… Read more »
South Africa: SA Reserve Bank Widely Expected to Raise Interest Rates By 50 Basis Points On Thursday
Factors such as rapid policy normalisation and the associated recent sharp weakening of the rand-dollar exchange rate, as well as the sustained upside risks to domestic inflation,… Read more »
South Africa: SA Reserve Bank Places Ubank Under Curatorship to Prevent Its Collapse
Ubank has enough money to meet the requirements of its customers and depositors - but it doesn't have enough money on its balance sheet, or in reserve, to survive unforeseen… Read more »
April 24, 2022
South Africa: No Reason for Central Banks to Panic (For Now) Over Higher Inflation
Dr Roelof Botha is economic adviser to the Optimum Investment Group. Read more »
South Africa: Standard Bank Taken to Task for Talking Up Mitigating Climate Crisis While Investing in 'Brown' Energy
Standard Bank says it is committed to achieving net zero carbon emissions from its own operations by 2040 and from its portfolio of financed emissions by 2050, but still hasn't… Read more »