Sharenet’s Martin Strauss reveals strategies to navigate global competition in South African retail
In a recent interview on BizNewsTV, Martin Strauss, at Sharenet, discussed the emerging challenges in the South African retail sector.
retail banking
Capitec beats Covid-19 woes as growth story continues
Capitec declared an increase in headline earnings of 18% to R3.9bn during the last six months of its annual period up to end February 2021.
FNB shields FirstRand from weak SA economy, half year earnings up 7%
FirstRand expects its strategy to boost lending and transaction income in its retail-banking business to continue to deliver growth against a backdrop of a sluggish South African economy.
The banking rush; Discovery still set to launch this year after agreeing FirstRand deal
Discovery is on track to start a South African bank by the end of this year after agreeing to buy FirstRand’s stake in a credit-card venture, a transaction which had delayed the lender’s launch.
🔒 Don’t put your daughter in financial services, Mrs Worthington
With apologies to Noel Coward’s 1935 classic, Mrs Worthington should no longer switch her daughter from the stage to the bank. Mobile phone companies are a better bet.
Django Davidson: Barclays shorting Africa – No worse time to sell
In sterling terms, there could not be a worse time to sell. In valuation terms, Barclays Africa is close to all-time lows.
Discovery reports flat 1H profit, invests $150m into retail banking
Health insurer Discovery reported no growth in first-half profit weighed down partly by the cost of setting up a bank.
Denis Worrall: Jacob Zuma’s diplomatic gaffes make him a national liability
Denis Worrall, who served as SA ambassador to the UK and Australia, explains how a seemingly innocuous decision by President Zuma has major ramifications.
Full report: Capitec’s perspective on Moody’s downgrade
From Capitec Bank On 15 August 2014, Moody’s Investor Service (Moody’s) downgraded Capitec Bank’s international deposit ratings to Ba2/NP from Baa3/P-3 and its national scale ratings to Baa1.za/P-2.za from A2.za/P-1.za. All ratings with the exception of the short term No Prime ratings were also placed on further review. The reasons for the downgrade, according to … Read more
Capitec’s downgrade by Moody’s: Bank appalled by “total knee jerk reaction”
Capitec Bank says it has become an unwitting victim of the Abil collapse as global ratings agency Moody’s this evening announced a two notch downgrade of Capitec’s credit rating. The bank’s financial director Andre du Plessis described the Moody’s decision as a “total knee jerk reaction – we had a 30 minute telephone conversation with … Read more