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Lesetja Kganyago wins Central Banking Governor of the Year 2018 Award
South Africa's Reserve Bank governor Lesetja Kganyago has defended and enhanced the Sarb’s reputation as an independent and well-governed institution against all threats -...
Former FNB boss Jordaan takes step towards launching new bank
Backed by ex-FNB CEO Michael Jordaan‚ Bank Zero looks set to become SA’s newest mutual bank and will be 45% black-owned.
Co-founded by Jordaan and...
GBS celebrates 140 years of banking excellence
THIS year GBS Mutual Bank celebrates 140 years of banking in the Eastern Cape and continues to thrive and make a significant contribution to...
Rand on slippery slope ahead of central bank meetings
THE rand was on a slippery slope on Monday morning‚ deepening the losses it suffered last week as a result of international factors.
The local currency...
BUSINESS Billionaire Patrice Motsepe to shake up SA Banks
African Rainbow Capital Ltd.’s banking partner is close to getting a license that it wants to use to challenge the dominance of South Africa’s...
Ocean storm surge driven by 8m-waves rams beachfront roads and embankments
Ocean lovers were not disappointed when 4m swells arrived today and tore up sea embankments, and pushed over onto the Esplanade, the road running...
JSE opens firmer on upbeat Standard Bank interims
The JSE opened firmer on Thursday‚ supported by Standard Bank and Gold Fields on upbeat results and a positive trading update from troubled cement...
‘You whites will lose everything,’ Malema tells bankers
Success is associated with whiteness, EFF leader Julius Malema said at a Rand Merchant Bank event yesterday.
If white people can't see this, and if...
Public Protector sparks the Battle of the Bank
South Africa is bracing for the Battle of the Bank as uncertainty over the Reserve Bank's future threatens the country's economy.
After Monday's shock recommendation...
Absa maintains it met all its obligations in Bankorp purchase
Absa maintains it met all its obligations in respect of the loan provided by the South African Reserve Bank to buy Bankorp by October...
Plan to buy Sassa bank laid bare
The embattled Gupta family contemplated a takeover of Grindrod Bank - the bank the SA Social Security Agency (Sassa) uses for its monthly payouts...
ANC may lose 2019 elections if Zuma does not go‚ Rand...
Rand Merchant Bank has warned that President Jacob Zuma’s stay in office amid growing calls for him to resign and the possibility of Nkosazana...
Zimbabwe central bank urges citizens to switch to rand
Zimbabwe's central bank has urged the public to replace the US dollar with the rand as the country's main currency.
An acute shortage of US...
Preserve and respect heritage
IN recent years there has been a lot of angst about monuments in South Africa, particularly those erected in the colonial and apartheid eras.
Statues...
SASSA speaks as card deadline looms
The South African Social Security Agency (SASSA) says beneficiaries will be paid and that social assistance will continue. The agency said it was doing...
Undervalued SA looks attractive to investors
SA’s new government of national unity (GNU) has made room for optimism in the investor market. That was the message to some of Port...
‘Innuendos and speculation will not be entertained’: Presidency on Arthur Fraser’s...
President Cyril Ramaphosa’s office says it will not comment on fresh allegations made by former correctional services boss Arthur Fraser.
Ramaphosa will instead continue co-operating...
State capture: Ramaphosa announces appointment of independent anti-corruption agency
President Cyril Ramaphosa has announced the establishment of a permanent independent Public Procurement Anti-Corruption Agency to combat corruption, fraud and maladministration.
This body will have...
Electricity price is top consumer stress point in SA, global survey...
Consumers’ ability to pay their energy bills is a top concern in emerging markets, particularly for 79% of South Africans and 73% of Indians,...
Ramaphosa promises to protect SA from rising cost of living, but...
President Cyril Ramaphosa says government will do everything in its power to protect South Africans from unsustainable increases in the cost of living.
This after...
Do you know why SA’s currency is called the rand?
The date April 19 2022 marks 100 years since the SA Reserve Bank issued its first banknotes.
The banknotes were issued 10 months after the...
Samwu content with municipal wage deal, says it protects worker interests
The SA Municipal Workers’ Union says the recently concluded salary agreement for workers across the country’s 257 municipalities has secured an increment related to...
Local Government clinches a wage and pension reform deal
Press Release from SALGA
Parties at the SA Bargaining Council on Wednesday, 15 September 2021, clinched a multi-year salary and wage deal for local government,...
Duduzane Zuma says he wants to challenge Ramaphosa next year for...
Former president Jacob Zuma's son, Duduzane, says he is ready to lead the ANC, according to Afrikaans Sunday newspaper Rapport.
Duduzane, who has been living in...
The gold SASSA card will be valid beyond 31 March 2021
The SASSA cards will NOT stop working on 31 March 2021
The SASSA cards will have to be replaced, as indicated by the SA Reserve...
The SASSA cards will still be valid beyond 31 March 2021
The South African Social Security Agency (SASSA) is refuting social media misinformation and claims about the expiry of the SASSA-SAPO Card on 31 March...
Consumer journalist Wendy Knowler puts Wish to the test
In this weekly segment of bite-sized chunks of useful information, consumer journalist Wendy Knowler summarises news you can use.
Wish customers - hold back on...
Ramaphosa’s advisers say SA’s plans to reduce debt are too ambitious
The government's plans to curb rising public debt are too ambitious, says a team of local and international economic advisers to President Cyril Ramaphosa....
IN FULL | You just want to ‘save your own skin’:...
Former president Jacob Zuma has written a scathing open letter to his successor, Cyril Ramaphosa, criticising the current president for a letter he had...
Taxman gives seven months’ notice – thereafter retirement funds captured for...
Government moving to hold onto South Africans’ retirement funds
On July 31 2020, the Draft Tax Law Amendment Bill (“TLAB”) contained a hidden announcement,...