SA banking regulator eases guidance to SA banks on dividends
‘SA’s banking regulator eased guidance to lenders that they shouldn’t pay dividends and executive bonuses’, reports Bloomberg.
‘SA’s banking regulator eased guidance to lenders that they shouldn’t pay dividends and executive bonuses’, reports Bloomberg.
An agreement with large insurance companies was outlined on Friday night, promising short-term relief to policyholders with business interruption cover.
Shortly after being appointed South Africa’s Registrar of Banks in 2015, Kuben Naidoo asked his colleagues where the banking license division was. He was told that there wasn’t one because the registrar hadn’t received an application for 11 years.
Tyme Bank’s launch has been a long time coming and it’s recently quietly got going after winning a licence from SARB.
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry.