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Latest South Africa Banking News

  • A highly effective country? 16 May 2008 01:15 GMT
    ... of Highly Effective Countries - Lessons for South Africa.” So in a nutshell what we did ... it the labour law, is it the banking law, is it the finance law, is ... control of Minister Irwin - for example South African Airways is a bankrupt company, look at ...

  • Survey: U.S. No. 1 in world competitiveness 16 May 2008 01:15 GMT
    ... collapsed in 1992, credit cooperatives and regional banks came under attack in 1994, large banks teetered ... in a row, immediately preceded by Ukraine, South Africa, Argentina and Indonesia. Source:Xinhua ...

  • Government Inflation Data Does Not Match Reality 16 May 2008 00:20 GMT
    ... has not been dented by the global banking crisis or the economic recession in the ... and coal, there is a chance that South Africa might erase last year's $5.5 billion trade ... grapples with soaring oil prices. Still, the South African rand is roughly 15% lower against the ...

  • The roots of war in eastern Congo 16 May 2008 00:15 GMT
    ... travelling the length of the continent, from South Africa or the Rhodesias to Cairo or Lagos, ... army soldiers there to Kisangani on the banks of the Congo river. "I was wounded in ...

  • 10 spectacular coastal drives 15 May 2008 23:30 GMT
    ... and inspire, from the shimmering lagoons of South Africa's Plettenberg Bay to the lighthouses and sea ... while Highway 12, in North Carolina's Outer Banks, is "like a drag strip, practically straight for ...

  • Underinsured? 15 May 2008 22:57 GMT
    ... In the context of soaring inflation in South Africa the question has to be asked for ... the correct replacement value - also the banks as mortgage bond holders are entitled to request the ...

  • Power crisis, housing development downturn slow cement market 15 May 2008 22:37 GMT
    ... The power shortages in South Africa in the first quarter of this year ... power crisis, and the rise in prime mortgage rates as well as the National Credit ...

  • S Africa helps Investec counteract UK'slowdown 15 May 2008 22:35 GMT
    ... May 15 2008 22:53 Strong performances in South Africa and in asset management compensated for a ... slowdown in the UK and in investment banking for The company reported that pre-tax operating ... said Stephen Koseff, chief executive. Like other banks, Investec has been hit by the subprime ...

  • Investec mortgages target City elite 15 May 2008 22:35 GMT
    ... Published: February 10 2008 23:10 | Last updated: February ... wealthy customers, comes at a time when banks have been cutting back on mortgage lending ... Private Bank, which is part of the South African bank, said the mortgages are aimed at ...

  • Bharti may have to raise its bid for African biggie 15 May 2008 22:31 GMT
    ... Vodafone's M&A team led by former UBS banker Warren Finegold found MTN's $19 billion price tag ... which is a competing telecom operator in South Africa. The other 50% is held by ...

  • R5-million ready' for Supersport team to share 15 May 2008 21:30 GMT
    ... educated, according to statistics released by the South African Institute of Race Relations (SAIRR). But it is also South Africa's murder and residential burglary capital. The province ... Liewe Heksies u call grandmothers fly into banks & take money?) 3.The highest number of ...

  • A major apartheid lawsuit involving multinationals and Swiss companies is to go ahead in the United States but could be settled early, an expert has said. 15 May 2008 21:28 GMT
    ... an expert has said. Plaintiffs representing black South Africans are claiming $400 billion (SFr420 billion) in ... they say violated international law and supported South Africa's apartheid regime between 1948 and 1994. A ... cases that were brought against the Swiss banks for money in Jewish accounts in the ...

  • MTN chief may head new firm 15 May 2008 20:33 GMT
    ... Phutomo Nhleko deputy group CEO, according to bankers close to the negotiations. While a "non-binding", ... a 60:40 cash and share deal. The South African telco, which operates in 21 countries, ... Ramaphosa is expected to meet regulators in South Africa and the Black Economic Empowerment Council, which ...

  • Gold Slips on Queationable Inflation Data 15 May 2008 19:24 GMT
    ... or five of the world's largest 15 banks with it. Obviously this has serious ramifications for ... gold' production. The world's biggest producer -- South Africa produced nearly a 1000 tonnes of gold ...

  • The structural forces behind Mbeki's AIDS policy 15 May 2008 19:19 GMT
    ... reserve army of labour. With millions of South Africans dying early because of AIDS, the battle ... Association withdrew their notorious lawsuit against the South African Medicines Act of 1997. That Act allows ... reason for the ongoing HIV/AIDS holocaust in South Africa is the vast size of the reserve ...

  • U.S. still most competitive 15 May 2008 18:39 GMT
    ... collapsed in 1992, credit cooperatives and regional banks came under attack in 1994, large banks teetered ... in a row, immediately preceded by Ukraine, South Africa, Argentina and Indonesia. Are you buried under ...

  • JSE mixed, SABMiller climbs 15 May 2008 18:12 GMT
    ... South African stocks were a mixed bag with a ... rand at 329.72 rand. Elsewhere, dual-listed specialist banking group Investec Limited (INL) was up 1.53%, ...

  • Manufacturing a Food Crisis 15 May 2008 18:11 GMT
    ... The Fourth Ministerial may well turn out to be the ... to service its debt to international commercial banks. The quid pro quo for a multibillion-dollar ... beef to drive many West African and South African cattle raisers to ruin. With their subsidies ...

  • No distractions, no surrender for Tahs 15 May 2008 18:10 GMT
    ... club gear got lost coming back from South Africa. No distractions, no surrender - spirit of ... members as well. Queensland don't have a mortgage on that. We have players leaving. Some ...

  • VeriFone Announces Contractual Agreements Signed with Ferlo and Byte Tech. 15 May 2008 18:10 GMT
    ... to members of the CTMI, the regional inter-banking switch centre of the Western Africa Economic ... Euro in Europe and more than 70 banks now fall under the umbrella of CTMI. ... supplier of choice for acquiring banks in South Africa, East Africa and Nigeria. “VeriFone’s advanced GPRS ...

  • Zimbabwe election officials say runoff will be held by July 31 15 May 2008 18:10 GMT
    ... supporters. Biti, speaking to reporters in Johannesburg, South Africa, said violence was intensifying and affecting "some ... number of such attacks has risen as South Africans grow frustrated by unemployment and lack of ... the local currency exchange rate through commercial banks, where a single U.S. dollar sold Wednesday ...

  • Zimbabwe election officials say runoff will be held by July 31; opposition objects 15 May 2008 17:37 GMT
    ... supporters. Biti, speaking to reporters in Johannesburg, South Africa, said violence was intensifying and affecting "some ... number of such attacks has risen as South Africans grow frustrated by unemployment and lack of ... the local currency exchange rate through commercial banks, where a single U.S. dollar sold Wednesday ...

  • India's Global M&A Boom 15 May 2008 17:15 GMT
    ... , India's largest telecom player, is in the midst of ... talks to acquire a 51% stake in South African telecom major in a deal that ... Motors ( ) (BusinessWeek.com, 3/26/08). And investment bankers say there are 10 more acquisitions by ...

  • Please Tito, spare us your rod 15 May 2008 16:59 GMT
    ... Interest rates are cranking up to unbearable levels, ... their properties on the market - or banks do it for them. An extra interest rate ...

  • U.S. still most competitive economy 15 May 2008 16:58 GMT
    ... collapsed in 1992, credit cooperatives and regional banks came under attack in 1994, large banks teetered ... in a row, immediately preceded by Ukraine, South Africa, Argentina and Indonesia. Are you buried under ...


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