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SA Investing

Banking on the rule of law: Standard Bank Group CEO Sim Tshabalala responds to recent accusations

27th November 2023

In a challenging week, Standard Bank faced public accusations of currency manipulation and treason.

🔒 Anglo American mulls job cuts in South Africa amid metal price declines and export bottlenecks

27th November 2023

Anglo American is contemplating job cuts at two SA units due to declining metal prices and iron ore export bottlenecks, insiders revealed.

Nedbank hires Jason Quinn from Absa as new CEO

23rd November 2023

Nedbank Group Ltd. has appointed Jason Quinn, formerly Absa Group Ltd.’s financial director, as its next CEO, succeeding Mike Brown.

🔒 From the FT: SA urged to use forex reserves to tackle growing debt burden

17th November 2023

Amia Capital, a London-based hedge fund, proposes SA’s government utilise gains from its central bank’s foreign exchange reserves, suggesting a shift in debt management.

An argument for abolishing the South African Reserve Bank – FMF’s Lehumo Sejaphala

16th November 2023

The South African Reserve Bank’s (SARB) mandate to protect the currency’s value and stimulate economic growth is scrutinised.

SA consumers holding up despite Covid-19 cutbacks – Old Mutual

15th November 202315th November 2023

Old Mutual says South African consumers are helping the economy turn a corner after one of the world’s strictest lockdowns.

SA’s shocking skills shortage crisis and Visa red tape strangle economic growth, jobs, and investor confidence

7th November 20236th November 2023

In South Africa, a crippling scarcity of skilled workers is throttling economic growth, driving potential foreign investors away.

BHI Ponzi: Mastermind Warriner’s Trust sequestrated

31st October 2023

The High Court has ordered the sequestration of the BHI Trust of Craig Warriner – dubbed South Africa’s Bernie Madoff after investors lost billions to his fraudulent investment scheme.

Top SA banker urges voters to oust ineffectual politicians in 2024 elections

31st October 2023

South Africans are urged to cast their votes wisely in the upcoming elections, as one of the nation’s top bankers, Investec Group CEO Fani Titi, calls for change.

Mary Vilakazi takes over at FirstRand as Pullinger steps down and Celliers leaves FNB 

5th October 20234th October 2023

Alan Pullinger will step down as group chief executive officer (CEO) and will be succeeded by Mary Vilakazi, currently group chief operating officer (COO).

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