Can global banking disruptors unseat SA banking giants? Regulator says No!
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry.
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry.
Banks are worried that South Africa is taking a wrong turn with laws being considered by the nation’s parliament that could leave the economy worse off.
It is a reflection of how far trust in SA’s Government has fallen that even its most rational actions are dismissed as a whitewash.
An update on the Curatorship and restructuring of African Bank as well as a further cautionary announcement has been released via the SENS.
African Bank has experienced a disastrous time of late, with its share price falling to unprecedented levels, its CEO of 23 years stepping down and the trade of its debt and equity being suspended on the JSE. The downward spiral resulted in the Reserve Bank announcing that it would pay R7bn for Abil’s bad loan … Read more
What’s keeping big business from engaging effectively with government, labour and other stakeholders? According to Cas Coovadia, new acting CEO of Business Unity South Africa (BUSA), it’s the lack of a unified voice. He tells Alec Hogg and Gugulethu Mfuphi, on CNBC Power Lunch, that his priority is to rebuild the organisation and give it … Read more