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Stanlib Kenya's management changed after impaired bank exposure

Business Day (registration) - 30 minutes ago
Seelan Gobalsamy, the group CEO of Stanlib, would head Liberty's emerging businesses, including its expansion into the rest of Africa and Stanlib Africa, said Dloti. "We want an executive who is solely focused on growth opportunities." With the ...and...

Optimising business relationships with Radar

Bizcommunity.com - 1 hour ago
Nurock explains that Relationship Radar was then launched in South Africa mid-2012, after much success globally in all sectors of business, particularly marketing services. Now, after almost five years, the off-take has been phenomenal, with Radar...

Something is rotten in SA's economy, warns tax head

BusinessTech - 1 hour ago
South Africa's tax ombudsman, Judge Bernard Ngoepe, has pointed to several danger signs that show “South Africa's economy is not well”, according to a report by News24. Speaking at a Leader's Angle event hosted by the University of Stellenbosch ...and...

South Africa speaks about xenophobic attacks on Nigerians

NAIJ.COM - 2 hours ago
He said: “Issues about development and even issues about business, we say why can't South Africans engage in small businesses and Nigerians and other Africans come together and form some partnerships and come to see actually how advantageous it is ...and...

Government monitoring xenophobic situation in South Africa

The Statesman Online - 2 hours ago
Foreign Affairs Minister, Shirley Ayorkor Botchwey, says the government is monitoring the xenophobic situation in South Africa, and has asked Ghanaians business people in that country to stay indoors. Foreign Affairs Minister, Shirley Ayorkor Botchwey ...and...

South Africa: Young Offenders Offer Advice to SA's Youth

AllAfrica.com - 2 hours ago
Pretoria — Young offenders, who are serving prison sentences, have encouraged the youth of South Africa to focus on getting an education and to avoid being involved in criminal activities to improve their living conditions. On Saturday, Cooperative...

Africa: South Africa Has Become the Bad Guy in Africa

AllAfrica.com - 3 hours ago
South Africa's reputation on the continent has taken a battering in recent years. Increasingly, the country is being defined not by its much-lauded ideals, but by its flourishing xenophobia. And xenophobia is not just bad - it's also bad for business ...and...

Indian-origin South African human rights lawyer dies

Business Standard - 3 hours ago
"His passing is an enormous loss to South Africa. We wish to extend our condolences to the Moosa family and his relatives. Our prayers and thoughts are with them during this difficult period. May his soul rest in peace," President Jacob Zuma said in a ...and...

Eighteen Ghanaians rescued from xenophobic attacks in South Africa

Graphic Online - 3 hours ago
Last Friday, Mrs Botchway told the Parliamentary Press Corp, after she had briefed Parliament, that all Ghanaians and their businesses in South Africa were safe, despite the ongoing xenophobic attacks in that country. “We are monitoring the situation ...and...

South Africa's Naijaphobia

AllAfrica.com - 5 hours ago
Rather, many Nigerians employ the local people in the small businesses they set up. Also, the claim that Nigerians were destroying the moral fabric of the South African society through drug peddling and prostitution is not entirely true. Yes, some ...and...

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BUDGET 2017/8

BBQ Online - 22 minutes ago
GDP growth in South Africa has been relatively slow since the financial crisis of 2007/8; Minister Gordhan expects to see it increase from 0.5% last year to 1.3% in 2017. He acknowledged the role of Small & Medium Businesses in driving economic...

South African police say not investigating deputy finance minister Jonas

Metro.us - 44 minutes ago
JOHANNESBURG (Reuters) - South Africa's Hawks elite police unit said on Monday it is not investigating Deputy Minister Mcebisi Jonas, but only making enquiries at this stage over claims that he was part of a probe into allegations of corruption at ...and...

Bonds largely unchanged as markets await Trump's address to congress

Business Day (registration) - 47 minutes ago
Locally the market was eyeing political developments relating to the Treasury, and the hostility between Finance Minister Pravin Gordhan and South African Revenue Service commissioner Tom Moyane. "The ongoing spate of headlines regarding the finance ...and...

We're Spending More On Foreign Debt Than On Land, Universities

Huffington Post South Africa (blog) - 56 minutes ago
In his Budget speech last week, Gordhan said South Africa's debt situation needed to be stabilised so that future generations weren't burdened by this generation's lending. But our debt is the fastest growing item in the budget: debt is increasing by ...and...

South Africa needs to do more to plug its deficit than target the rich

News24 - 2 hours ago
Faced with a growing deficit, depressed revenue generators and a limited tax pool, South Africa's finance minister, Pravin Gordhan, once again focused the tax increases on high income earners. By his own admission finding the right tax balance for the ...and...

Barclays Africa, Barclays Plc agree terms of separation

WeekendPost (press release) - 3 hours ago
“Shareholders are advised that Barclays PLC has submitted an application to the South African Reserve Bank for approval to reduce its shareholding in the Group to below 50%. The application, which also requires the approval of the Minister of Finance ...and...

Gordhan's growth estimates best served with a pinch of salt

Citizen - 4 hours ago
Minister of Finance Pravin Gordhan during a board meeting with South African Airways (SAA) on September 09, 2016 in Pretoria, South Africa. During the meeting, Finance Minister Pravin Gordhan announced the approval of R5 billion bailout application for ...and...

Cabinet tremors: What will the Communists do?

eNCA (satire) - 5 hours ago
Talks of an imminent Cabinet reshuffle places the South African Communist Party (SACP) in a difficult position. Should ... The finance minister's Budget speech was a rallying call and, following a meeting of its leadership this weekend, the SACP ...and...

Reporting to minister is not a courtesy, Gordhan tells SARS

Business Day (registration) - 7 hours ago
Finance Minister Pravin Gordhan has described as "ridiculous" a comment by the South African Revenue Service (SARS) that reporting to him was an "operational courtesy" rather than a legal requirement. Gordhan's statement in a written reply to a ...and...

EDITORIAL: SARS squabble taxing for SA

Business Day (registration) - 7 hours ago
It is now clear that the relationship between Finance Minister Pravin Gordhan and South African Revenue Service (SARS) commissioner Tom Moyane has broken down entirely. For SA, this is a disaster. Without trust and full co-operation between these two ...and...

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Standard Bank acts on collusion complaints

New Era - 3 hours ago
This comes after the Competition Commission referred a collusion case to the Competition Tribunal for prosecution following the completion of an investigation into price fixing and market allocation by 17 banks, including three South African...

SA fintech startup Electrum plans “aggressive” African expansion

Disrupt Africa - 5 hours ago
Cape Town-based startup Electrum, which allows retailers and banks to sell value added services (VAS), is planning “aggressive” expansion across Africa after securing customer such as Pick n Pay and Capitec in South Africa. Launched in 2012, Electrum...

The Banco Santander, SA (SAN) Position Boosted by Wetherby Asset Management Inc.

DailyQuint - 16 hours ago
Wetherby Asset Management Inc. raised its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 12.4% during the fourth quarter, Holdings Channel reports. The fund ... The Bank's principal business is to attract deposits and provide loans. The Bank ...and...

Banco Santander, SA (SAN) Now Covered by Analysts at Societe Generale

Community Financial News - 2 days ago
Banco Santander, SA is a retail and commercial bank. The Bank's principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments ...and...

Lenders to be held accountable for FX rigging: SA central bank

The Peninsula Qatar - 3 days ago
Johannesburg: South Africa's central bank wants commercial lenders involved in the rand currency rigging scandal to be held accountable, deputy governor Daniel Mminele said yesterday. South Africa's Competition Commission said last week that it had ...and...

Comerica Bank Has $4540000 Position in Banco Santander, SA (SAN)

The Cerbat Gem - 3 days ago
Banco Santander, logo Comerica Bank increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional ...and...

South Africa's Barclays Africa CEO "deeply regrets" role in FX rigging

The Africa Report - 3 days ago
South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the U.S dollar using an instant chat room called ZAR Domination, a reference to the rand ...and...

Barclays Africa's Maria Ramos apologises for bank's role in rand rigging

Business Day (registration) - 4 days ago
The antitrust finding comes as President Jacob Zuma and the ANC step up pressure on SA's four largest lenders, saying they should lend more to black clients. Zuma and the banks are also locked in a stand-off after the lenders closed the accounts of ...and...

Standard bank has not yet suspended anyone after rand-rigging revelations

Business Day (registration) - 4 days ago
It recommended fines amounting to 10% of the banks' South African revenues, in a scandal that has piled political pressure on the big four banks and raised questions about their dominance in SA. "Pending the outcome of these engagements and in the ...and...

South Africa's Barclays Africa CEO 'deeply regrets' role in FX rigging

Yahoo News - 4 days ago
JOHANNESBURG (Reuters) - South African lender Barclays Africa asked for forgiveness on Thursday for its role in rigging the local currency, a scandal that has raised questions over the dominance of four big local banks. "We deeply regret that this ...and...

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South Africa's banks buoyed by growth forecasts

Oxford Business Group - 3 days ago
In a move that bucked broader trends on the Johannesburg Stock Exchange (JSE), South Africa's banks saw their share prices jump in 2016, underpinned by a recovery in the commodities market, higher interest earnings and a vote of confidence from ratings ...and...

2016 marked a challenging year for African equity markets

Bizcommunity.com - 3 days ago
In 2016, capital raised from IPOs by companies listed on the Johannesburg Stock Exchange (JSE) increased by 25% in US dollar terms as compared to 2015, mainly driven by a comparatively stronger rand and three large listings by Dis-Chem, the...

DIVIDEND WITHHOLDING TAX RATE CHANGE

Business Day (registration) - 4 days ago
Further to the announcement released on the Stock Exchange News Service of the JSE Limited this morning relating to the unaudited results of Bidcorp for the half-year ended December 31 2016, shareholders are requested to refer to the updated dividend ...and...

South Africa's first alternative exchange- ZAR X

IT News Africa - 4 days ago
On Monday the 50-year long monopoly enjoyed by the JSE (Johannesburg Stock Exchange) ended as South Africa's first alternative exchange- ZAR X made its debut with the listing of agri-business Senwes and its holding company Senwes...

Japan to shorten settlement cycle for Government bonds

GlobalCustodian.com (subscription) - 4 days ago
Last month, the Saudi Arabian Stock Exchange (Tadawul) published draft rules for the implementation of a T+2 settlement cycle with a targeted implementation date of Q2 2017. In addition last September, the Johannesburg Stock Exchange (JSE) revealed it ...and...

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