Bank & Finance

Jun 28, 2017
South Africa's competition watchdog denied on Wednesday withdrawing charges against some of the 14 banks accused of rigging the rand currency, its spokesman said. Bloomberg reported late on Tuesday that…
Jun 23, 2017
What kind of financial system is sure to collapse if the central bank cares about people’s well-being? The recommendation by South Africa’s Public Protector that the Reserve Bank’s mandate change,…
Jun 20, 2017
 South Africa's central bank said on Tuesday a recommendation by the Public Protector to change the constitution to promote growth was unlawful and would hit the regulator's independence by stripping…
Jun 20, 2017
South Africa's anti-graft watchdog on Tuesday defended her recommendation that the central bank's mandate of maintaining currency and price stability be changed, saying the bank should act in the interests…
Jun 10, 2017
The African Development Bank (AfDB) and the Governors of Central Banks in Africa have resolved to strengthen cooperation on a range of issues to curb illegal financial outflows, bolster measures…
Jun 08, 2017
South Africa's central bank is wary of cutting interest rates to support economic growth until it is convinced an improved inflation outlook can be sustained, monetary policy committee member Brian…
Jun 05, 2017
Barclays Africa PLC has reduced further its stake in Barclays Africa Group Limited to 16.4%, following the sale of some 285,691,979 Barclays Africa ordinary shares at a price of R132…
Jun 02, 2017
Barclays will sell shares worth $2.83 billion in Barclays Africa Group, the bank said on Thursday, increasing the size of the planned stake sale due to investor appetite and marking…
May 26, 2017
South Africa's rand inched up in early trade on Friday after the Reserve Bank kept rates on hold, and despite a less dovish than expected policy statement from the central…
May 15, 2017
Safaricom has launched a tap-and-go M-Pesa card intended to ease mobile money payments in a bid to grow revenues. The M-Pesa card will allow customers to make payments at retail…
May 09, 2017
Anaemic economic growth and a high unemployment rate have raised the stakes for South Africans to save more and reduce debt. According to Greg Barclay, Head of International Personal Banking…
May 07, 2017
Mauritius' SBM Holdings is bidding to buy a stake in Kenya's Chase Bank, SBM's chairman said, which will give it greater presence in the East African economy after acquiring Fidelity…
May 05, 2017
African banks have been late to the fintech party, but after leaving huge swaths of the population to get their financial services from telcos(most famously Safaricom’s M-Pesa in Kenya), banks…
May 05, 2017
South Africa is capable of quickly addressing concerns raised by credit ratings agencies to avoid further downgrades, central bank governor Lesetja Kganyago said on Thursday. Africa's most industrialised economy was…

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