Source: Financial Digest (financialdigest.net)
Fin24 GroundHogDay Haven't we heard this one before.
Fin24 Banks have no say in government activities
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South Africa Latest News, South Africa Headlines
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Banks industry wants any state-owned bank to face same rules as othersHearings are being held into the Financial Matters Amendment Bill, which has a provision to allow authorised SOEs to set up a state-owned bank What level of naivety do you have to have to believe that this will happen . Unathi_Kwaza Only fair. Unathi_Kwaza Surely..!!
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South Africa Joblessness Stays Near 15-Year High, Banks...The unemployment rate fell to 27.1 percent from 27.5 percent in the three months through September, Statistics South Africa said in report released Tuesday in the capital Pretoria. The median estimate of six economists surveyed by Bloomberg was 27.5 percent.
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Greater challenges and scrutiny lie ahead for central banksThe next decade is likely to see a rate of change not witnessed before, which will require financial markets and policymaking to be agile. writes Daniel Mminele
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US denies telling banks to stop working with PalestiniansSeveral Palestinian officials have accused the US of trying to force banks not to deal with transactions linked to the Palestinian Authority, which has limited self-rule in the occupied West Bank.
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US banks SunTrust and BB&T launch $66bn megamergerThe transaction will be the US industry’s largest merger since the 2008 financial crisis
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WATCH: How the banks are taking an interest in miningTheuns Ehlers, the managing principal and head of resource and project finance at Absa, talks to Business Day TV
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Miners and Naspers pull up JSE, againThe rand has weakened to above R14/$ for the first time in six weeks, lifting miners and rand hedges, but banks and retailers are under pressure
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SA’s first digital-only bank goes live in 500 Pick n Pay, Boxer StoresTymeBank offers a full-service bank account for less than half the cost of the nearest equivalent product from traditional banks.
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How low-level inflation helps keep an economy on trackCentral banks maintain a deliberate policy of low interest rates to stimulate spending and investment, writes Tim Harford
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KZN Ponzi scheme pair jailed for 15 yearsFakazile Mazibuko‚ 53‚ and Wilson Gazu‚ 54‚ both from Newcastle‚ were convicted in the Durban Commercial Crime Court for fraud and contravening the Banks Act.
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