Tag: Banks
UIF Fraud: 28 bank accounts frozen as investigation into missing R5.7m continues
The Democratic Alliance said in a statement issued on 21 June that the R5.7 million UIF TERS fund fraud is "probably only the tip...
Five South African banks face charges of dollar-rand manipulation
28 big banks, including five South African, are set to face the music at the Competition Tribunal over allegations of manipulating the dollar-rand (USD/ZAR)...
Buy-to-demolish. Here’s what you need to know.
Many first-time or small-time property investors buy dilapidated homes to fix them up and sell for profit. If you have the time and the...
What you can expect from banks when you apply for a home loan in...
New mortgage lending data for the fourth quarter 2018 shows a further year-on-year decline in the value of new mortgage loans granted by local...
South African banks rolling out new system to fight debit order fraud
In December 2018, a number of South Africans had been hit by a ‘mysterious R99 debit order’.
While the full extent of the scam is not...
Barclays Africa set to dump a number top bosses
Barclays Africa Group Ltd. may halve the number of top jobs at its South African retail and business bank as it reorganizes after its...
Banks set for stellar year
South Africa's big banks are expected to rake in more profits this year on improved economic and political sentiment.
Audit firm PwC said...
This is how land expropriation can cripple banks
Land expropriation without compensation may possibly cause a devastating banking crisis, says Head of Business Development at independent investment banking firm Bravura, Ian Matthews.
...
South Africa’s banks are preparing for the worst
South African banks are preparing for the worst when it comes to the threat of another downgrade of the country’s debt.
“FirstRand anticipated...
Local banks demand R5 billion leaving SAA in distress
The embattled national carrier, South African Airways (SAA) has until the end of October 2017 to honour another R5bn debt obligation, this time to...
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