SA banks will probably have to raise further provisions for bad loans as measures to contain the coronavirus weigh on the struggling economy.
A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected.
Banks face the steepest earnings slump in half a century as measures to curb the coronavirus drag the economy deeper into recession and lead to a surge in bad debts. ...
Farmers are turning to commercial lenders to top up their working capital as the Land and Agricultural Development Bank battles a liquidity crisis.
The average income of customers at SA’s FNB plummeted by about 20% during the nation’s lockdown as people took pay cuts or had less work to do.
South African society is also at risk if the government extends a five-week lockdown without allowing more industries to get back to work.
Rand Merchant Bank urged South African lenders and other finance firms to adopt a more coordinated approach.
SA banks are beginning discussions around the industry?s payments infrastructure and logistics to keep their operations going.
South Africa?s biggest banks are increasingly relying on the rest of the continent to make money.
SA regulators are stepping up efforts to break the oligopoly of the country?s top auditing firms.
South Africa must move quickly to implement the reforms needed to salvage its status as an investment destination.
KPMG South Africa is winning back customers and no longer bleeding staff as the auditing firm rebuilds an image tarnished by a series of scandals.
South Africa needs to modernize its rail and ports and provide reliable electricity supplies to boost growth in mining.
South Africa?s hedge fund industry is betting on new rules to help reverse a record drop in assets under management.
Absa?s corporate and investment banking unit plans to open an office in China as an expansion that will target other parts of Asia and the Middle East
South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920.
Liberty is in talks to sell majority stakes in its health-insurance business as well as its asset-management operations in East and West Africa.
The retirement, investment and insurance-services provider said details of the resignations are confidential between the company and the executives.
SA will strive to allow competition into its banking system in a way that won?t threaten stability, according to Prudential Authority's Kuben Naidoo.
SA banks are caught in a conundrum; they either lend into a stagnating economy or wait for signs of life.
Discovery Ltd. is on track to start a South African bank by the end of this year after agreeing to buy FirstRand Ltd. ?s stake in a credit-card venture.
Banks say they are willing to partner the government and farmers on land reform, which must secure property rights, safeguard financial stability.
Barclays Africa may halve the number of top jobs at its retail and business bank as it reorganises after its UK parent cut its stake.
After more than a decade of South Africa?s biggest banks not having to face fresh competition, new rivals are stacking up.