The higher interest rates and elevated inflation erode farm profit margins and liquidity which may constrain farmers' ability to service debt and further limit production expansion, says Paul Makube, Senior Agricultural Economist at FNB Agribusiness.
Donald Khumalo, FNB Human Capital Executive, says, "We’re honoured to be recognised as a top employer because this attests to our ongoing commitment to create an organisation that will continue to attract top talent for another 184 years."
“The welcomed improvement to the BankservAfrica Economic Transactions Index (BETI) occurred against the broader economic context that has remained fairly grim during December, with load shedding continuing, interest rates and inflation remaining…
"For most SMEs, sustainability is not just a responsibility; it’s also a massive opportunity. And failing to recognise and understand both these sides of the sustainability coin could be the downfall of the uninformed SME," says Kyle Durham,…
"The endorsement by the GHOS marks an important milestone in developing a global regulatory baseline for mitigating risks to banks from cryptoassets. It is important to continue to monitor bank-related developments in cryptoasset markets. We…
The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Middle East and North Africa (MENA) met on 12 December in virtual format to discuss the current challenging backdrop for global financial stability.
“The appointments build on the positive momentum that was achieved through Executive Committee changes and an operating model refinement earlier this year,” said Absa Group Chief Executive Officer, Arrie Rautenbach.
The Board said its Plenary reviewed policy work in several areas, including crypto-assets and decentralised finance (DeFi) and climate-related financial risks and also agreed on the FSB’s work programme for 2023.
“These results demonstrate the bank’s continuing growth trajectory and increasing penetration into the important retail banking market, underpinned by our driving philosophy of building a South African bank rooted in customer-centricity," says…
The Minister of Finance, Mr Enoch Godongwana, has appointed Adv John Simpson as the Ombud for Financial Services Providers (FAIS Ombud).
According to David Rees, Senior Emerging Markets Economist at Schroders, "South Africa finds itself in a position of relative strength. While the rand is clearly not immune to a generally stronger US dollar, South Africa's relatively solid fundamentals…
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