C-Suite
Absa fined millions for lack of verification on politically exposed persons
The Reserve Bank’s Prudential Authority has slapped Absa Bank with a R10-million administrative sanction for various transgressions.
“The administrative sanctions imposed on Absa are due...
Finance Minister Enoch Godongwana cancels VAT increase
Finance Minister Enoch Godongwana has instructed the National Treasury not to increase the value-added tax (VAT) from the beginning of May.
The Finance Ministry confirmed...
Court scraps R1bn IT contract awarded to Robert Gumede’s firm
The Gauteng High Court has scrapped a R1-billion IT contract awarded by South African National Parks (SANParks) to Gijima Holdings, led by tycoon Robert...
(ICYMI)TymeBank to cash in on ZCC Moria Easter pilgrimage
The Patrice Motsepe-owned TymeBank is banking on the Zion Christian Church (ZCC) Moria Easter weekend pilgrimage to grow its client book.
For the first time...
Finfluencers growth shows ordinary folk are reaching out for financial advice
The Financial Sector Conduct Authority’s (FSCA) crackdown on the growing legion of unregulated social media financial influencers or finfluencers can be seen as a...
David vs Goliath: Small developer beats Bidvest’s firm in court
The Supreme Court of Appeal (SCA) has blocked an attempt by Voltex — an electrical supplier owned by corporate giant Bidvest — to push...
Black business wants transparency on township fund beneficiaries
Lobby group Black Business Unity (BBU) has voiced strong support for the announcement by the Department of Small Business Development of a R500-million fund...
Sim Tshabalala picks Lungisa Fuzile as Standard Bank Africa CEO
Standard Bank Group boss Sim Tshabalala has taken over the role of interim chief executive of the bank’s South African division.
Tshabalala temporarily takes over...
Inside the ANC’s national budget negotiation strategy
The ANC and DA have had a series of discussions regarding the much-talked-about national budget. However these talks collapsed on Friday afternoon when the...
State must write off unpayable R100bn municipal Eskom debt, economist says
The state needs to write off almost R100-billion debt that municipalities owe to Eskom. In addition, government should inject human resource capacity while also increasing...
