The Guptas and Duduzane Zuma resigned from Oakbay Investments and Oakbay Resources and Energy on Friday to facilitate the sale of the Optimum coal mine from Glencore to Oakbay, the Democratic Alliance claimed. Their resignation “is an insult
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So, the Gupta brothers have called South Africa quits. Although it is not really surprising, as virtually everyone but the president and his family have taken a hostile stance against the family, the swiftness of their departure has raised a few eyebrows
Gupta-owned company Oakbay Investments made contact with President Jacob Zuma and cabinet ministers to express its “deep disappointment” at banks closing its accounts, it was revealed in a leaked letter to staff on
First National Bank has closed the accounts of Gupta family-controlled Oakbay Investments, prompting Oakbay to demand an explanation from FNB CEO Jacques Celliers. FNB’s decision
FNB Life announced on Monday that consumers can now take up funeral plans through nearly 6 700 FNB ATMs and Slimline devices across the country. The insurance distributor and administrator’s CEO, Lee Bromfield, said in a statement that making
South Africa’s big four retail banks have been steadily cutting the number of (costly) branches in recent years. That’s no surprise, given the shift in transactional banking to electronic channels. Those transactions that still need some form of physical
While there’s been an outsize (and bizarre) outcry about First National Bank’s decision to close somewhere between 25 and 40 branches in a round of “optimisation”, the country’s big four retail banks have been steadily cutting the number of branches for years
When last did you visit a bank branch? A few months back? Longer? If it was not for that infernal requirement to have stamped bank statements every time you try and do something/anything, you
First National Bank says it plans to close more than 20 outlets amid the growing adoption of digital banking channels. The bank came to the decision after it launched a review of branch related functions. The bank found that, during the expansion of
First National Bank intends to axe 600 employee positions and close 40 retail branches as its customers shift to digital banking, according to a report. Bloomberg reported on Monday afternoon that the weak economy had also contributed to the cost-cutting