“These accolades continue to cement our position as a leading private banking and investment solutions provider on the continent, underpinned by our advice-led approach, which attests to our businesses being on the right path to offer clients…
“In 2023, we saw a sharp fall in property and mortgage transactions, which were down in the region of 25% year on year, with the most strain evident in the heart of the market – those segments under R3 million. This is despite an environment…
South African Reserve Bank Governor Lesetja Kganyago has announced the appointment of Dr David Fowkes to serve as a member of the Monetary Policy Committee (MPC) from 12 January 2024.
"This dividend not only reflects our steadfast commitment to creating value for our shareholders, but also signifies our progress in line with our Excelerate25 strategy," says Kennedy Bungane, Group CEO of African Bank.
One bank (Bank of Communications (BoCom)), the Board said, has been added to the list of G-SIBs that were identified in 2022, and two banks (Credit Suisse and UniCredit) have been removed.
"We have set measurable standards for the banks, which have reflected our values in promising to deliver free, impartial and speedy resolution of banking complaints," says the Ombudsman for Banking Services (OBS), Reana Steyn.
"The electricity market has been liberalised, and many new investments have followed. Given the new capacity being installed, Standard Bank’s experts are confident that the electricity constraint will begin to lift over the next 18 months –…
“Our thoughts are with the affected families and communities. The impact of climate change and ongoing food insecurity in our country requires everyone to work together, to find innovative solutions. Approximately a third 10 million tonnes of…
"The most significant obstacle to transformation is resistance from both individuals and institutional structures. People are naturally resistant to change, and this can slow down or even derail transformation initiatives. Institutions, built…
“I am grateful for the time I spent at FNB, it was an honour to lead such a committed and innovative team. Together we built a market-leading digital institution, with great customer propositions delivered on a well-constructed and agile platform,"…
"Our deliberate diversification strategy stood us in good stead in the first half of 2023, given weaker economic conditions and significant pressure on consumers in South Africa," said Arrie Rautenbach, Absa Group Chief Executive Officer.
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