South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays
Browsing: Nedbank
FirstRand said it agrees with finance minister Pravin Gordhan that he cannot interfere with their decision to cut ties with the Gupta family. Gordhan last week asked the high court to order that he has no authority to
South Africa’s big four retail and commercial banks spent in excess of R30bn on IT in the 12 months to end-June 2016, including the cost of staff involved in this function. Excluding the cost of people, nearly R15 out of every R100 spent on
The department of home affairs plans to expand its smart card applications at bank branches by the end of October, following the success of the pilot project, minister Malusi Gigaba said on Wednesday
Capitec Bank is generally the cheapest bank for the needs of most people, despite strong competition from other banks, according to Solidarity’s 2016 Bank Charges Report. As a result of strong competition in the basic
Standard Bank has no plans, at least for the foreseeable future, to launch a mobile virtual network operator. The banking group’s chief executive for personal and business banking
Nedbank Corporate and Investment Banking is buying a 25% stake in Comsol, joining shareholder Convergence Partners, as the company gets ready to spend hundreds of millions of rand building a fibre and wireless broadband network
Rob Shuter’s background in banking and his experience running a multi-territory operation for a large global telecommunications operator make him an ideal candidate to take the reins at MTN Group next year
Former Vodacom and Vodafone executive Rob Shuter has been named as the new president and CEO of telecommunications group MTN after an extensive search. Shuter, who is a previous chief financial officer at Vodacom
South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the