Executives at all the other major SA banks are taking a very close look at Nedbank’s interims released yesterday. There were messages and challenges aplenty – not just to rivals but also those who own banking shares. Abil and Capitec are sure to face even tougher questions about the level of their provisions; FirstRand and … Read more
UPDATE NOVEMBER 2012: At the time this article was written, Absa’s share price had dropped in a week from R157 to R135. The setback wasn’t temporary. In five months since the price has remained at the lower level, marking time. At the end of August, Absa’s parent Barclays appointed Antony Jenkins as its new CEO. He has spent his first few months grappling with a group-wide review of Barclays, focusing on how to change its culture and strategy.
December 19, 2005
Old Mutual’s dogged pursuit of Sweden’s Skandia has ended almost a year after talks started last December. The 800 000 South Africans who own Old Mutual shares will be hoping it’s worth the R850m in advisory fees being paid to London-based lawyers, bankers and financiers.