Bearish signs are stacking up for South Africa’s rand. Volatility is rising and with it the cost of protecting against a weakening currency, short positioning is soaring and foreigners are fleeing South African bonds at a
Browsing: Nedbank
BrandsEye, a company that mines social media to determine people’s view on topics from elections to companies, has found that Capitec is South Africa’s most loved bank among social media users. The annual
Finance minister Malusi Gigaba faces a gaping budget hole — and will have to consider cutting spending, raising taxes and selling state assets if he wants to avoid further ratings downgrades. The economy he oversees is hampered by
Comsol, the telecommunications company that has built a national open-access wireless broadband network for businesses and which plans to launch South Africa’s first 5G network next month on a trial basis
Investments made by banks to beef up their digital capabilities and offer clients cost-effective services appear to be paying off. Detailed figures disclosed in the financial results of four of the five largest banks in
South Africa’s debt-laden state-owned companies may represent the single biggest risk to the country’s economy, according to Nedbank CEO Mike Brown. The assets, which include power utility Eskom
South Africa’s banks are going on the offensive after being criticised by some politicians over their lending practices and records in addressing racial inequality. Attacks on the lenders have been led by President Jacob Zuma, who’s accused them
A finding by the South African antitrust regulator that more than a dozen local and international banks colluded to rig foreign-currency trades will bolster government accusations that the nation’s biggest lenders
President Jacob Zuma said the dominance of the country’s four major banks must end and access to the economy for the black majority improved. “There’s a skewed kind of economic control,” Zuma said on Friday. “We actually frustrate our
New allegations by President Jacob Zuma’s supporters that South Africa’s biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation’s financial system, including the treasury. Protestors from the