Banks say they have to keep funding at least some coal projects for now because an immediate halt would cause upheaval.
Browsing: Alan Pullinger
JPMorgan has declined to comment on suggestions that it pressured First National Bank, through parent FirstRand, to shut the bank accounts of South African cryptocurrency exchanges.
JPMorgan pressured First National Bank to close the accounts of cryptocurrency exchanges in South Africa, according to two separate sources. FNB has strongly denied that external pressure forced its hand.
South African business leaders are in harmony on what the country needs after this week’s elections.
FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car licence renewals to locating plumbing services as the South African bank chases new revenue sources.
Eskom should consider selling two coal-fired plants that rank among the world’s biggest to repair the state-owned utility’s finances, according to the head of South Africa’s biggest bank by market value.