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Bank & Finance

May 24, 2016
South Africa’s Standard Bank says it has lost $19 million after a scam in Japan. Officials did not mention when the scam occurred. Bank officials say the perpetrators used counterfeit…
May 23, 2016
The South African retail banking sector is characterised by high barriers to entry. The sector is concentrated, with four of the largest banks – Standard Bank, Absa, First National Bank…
May 16, 2016
Zimbabwe’s cash crisis has led to questions about the government's management of the country's financial systems, with indications that its increasing borrowings on the domestic market have created a financial …
May 12, 2016
South Africa's largest mobile phone operator Vodacom has announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy. For many pundits the move comes as…
May 11, 2016
More South African companies, including a subsidiary of Old Mutual, have stopped doing business with Oakbay Investments, the company at the centre of a political influence scandal. President Jacob Zuma…
May 09, 2016
The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from Safaricom reveal. At Sh15 billion ($150m),…
May 07, 2016
Zimbabwe’s central bank moved swiftly to clarify its plans to introduce domestic notes to circulate alongside foreign currencies, after fears that it sought to re-introduce a loathed local currency triggered…
May 05, 2016
Zimbabwe will introduce local “bond notes” and impose limits on daily bank withdrawals as part of measures to ease an acute cash shortage in the country, central bank governor John…
May 04, 2016
The United Bank for Africa (UBA) says it plans to extend its presence to six more African countries to bring the number to 25 as part of its continent-wide expansion…
May 03, 2016
Sub-Saharan Africa’s economic growth will slump to just 3 per cent this year, barely ahead of population growth, as the region falls to its most sluggish expansion rate in the…
Apr 27, 2016
A company set up by former Barclays head Bob Diamond confirmed that it was preparing to bid for the UK-based bank’s African operations. Mr Diamond’s involvement in the consortium, which…
Apr 24, 2016
The International Monetary Fund (IMF), in a brief statement, welcomed the Mozambican government's acknowledgement “that an amount in excess of one billion US dollars of external debt guaranteed by the…
Apr 21, 2016
City trends Johannesburg is home to the largest portion of South Africa’s millionaires (also known as HNWIs) at 44%. There are also sizable populations living in Cape Town (18%), Pretoria…
Apr 19, 2016
After gorging itself for decades on petrodollars, the Nigerian state has been forced by tumbling oil prices to turn to a new source of cash: the taxman. With crude holding…
  1. Opinions and Analysis

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