Grindrod said to seek equity partner for banking business

Freight and logistics company Grindrod is seeking an equity partner for its financial-services business to drive an expansion, according to people familiar with the matter.

The deal would also provide additional cash to the lender as it prepares to beef up its retail offering in an increasingly competitive sector, they said.

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Gauteng worst-hit as Standard Bank shuts down more than 100 branchesStandard Bank closes over 100 branches as the bank goes mobile. With this banks decision to reduce its service to its customers, it is time to look for another bank that is more interested in servicing its customers So, how many individuals are sitting without employment? This is very sad. Unemployment in this country is already a mess 💔
Source: TimesLIVE - 🏆 28. / 59 Read more »

Gauteng worst-hit as Standard Bank shuts down more than 100 branchesStandard Bank closes over 100 branches as the bank goes mobile. Wow New Dawn of ANC it's going to be retrenchments left and right That's okay. You will be losing a several clients including me. I don't understand why did you close Balfour Park and Noorwood branches. You should have closed one if that was necessary for you to shut down these branches.
Source: TimesLIVE - 🏆 28. / 59 Read more »

STUART THEOBALD: Competition in retail banking starts hotting upDiscovery, Tyme Bank, Bank Zero, the refreshed African Bank and newly invigorated Sasfin need to raise deposits to begin financing their asset accumulation
Source: BDliveSA - 🏆 12. / 63 Read more »

R300K raised so far for petrol attendant who touched SA's hearts | Cape TimesNkosikho Mbele, 28, from Khayelitsha, had paid R100 out of his own pocket to fuel Monet van Deventer’s car after she had forgotten her bank card. Act of kindness pays Hopefully this is a windfall and SARS keeps its sweaty palms off his dough.
Source: IOL - 🏆 46. / 51 Read more »

Reserve Bank sounds frank warning | Business | M&G
Source: mailandguardian - 🏆 2. / 92 Read more »

Anti-coal lobby happy with Standard Bank vote on disclosing carbon emissionsSupporters of a Standard Bank resolution which says the bank should disclose its climate change risk say they are pleased with the 38% vote they received at the financial institution’s annual general meeting on Thursday.
Source: mailandguardian - 🏆 2. / 92 Read more »

Climate change resolution voted down at Standard Bank AGMOnly 38% of shareholders were in favour of the resolution for the bank to disclose its exposure to climate change risk
Source: BDliveSA - 🏆 12. / 63 Read more »

Ghana fines Absa unit for ‘frivolous’ forex quotesBanking regulator fines Barclays Bank of Ghana $859,000 for foreign-exchange practices ZAR the regulator and courts can't find this Barclays cartel guilty of similar charges even when the PP found that these banks are acting outside of the interest of the country, the bloody regulator failed to act and now our Rand is volatile in favour of a weakened USA. I'm sensing something funny. It appears that South African companies operating in other African countries have become easy targets for Revenue generation. Look at MTN in Nigeria/Tanzania or Vodacom (Uganda). Or is it cynical me?
Source: BDliveSA - 🏆 12. / 63 Read more »

BUSINESS MAVERICK: Race for low-to-middle income consumers heats up in SA’s insurance industrySA’s financial services sector is in for a shake-up. Discovery Bank, TymeBank and Bank Zero, which are underpinned by technology, will change the way in which people bank. In the process, they will challenge the dominance of the big four banks. The boring insurance industry will also reform, with the emergence of new players, African Rainbow Life and Sithega Holdings, which want to serve low-to-mid income consumers.
Source: dailymaverick - 🏆 3. / 84 Read more »

Full list: Standard Bank to close 100 branchesEarlier this year, the bank announced the closure of 91 branches. Sunninghill Branch already closed... hope not everyone will lose their jobs while at it StandardBankZA atleast Venda is not affected But why StandardBankZA ...? Surely you can't blame it all on digital banking products...! Rather focus on those sponsorship and cancel those Jazz Festivals, Food Festivals, etc.
Source: eNCA - 🏆 49. / 51 Read more »

Standard Bank shuts even more branches than planned
Source: TheCitizen_News - 🏆 6. / 75 Read more »