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The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.
Head of the country’s largest unsecured lender, Leon Kirkinis, has stepped down with immediate effect as the bank plans a capital increase.
The platinum mining giant was able to fulfill its contracts despite a devastating five-month long strike which wiped out its profits.
Transaction Capital is paying cheaper rates for the securitised loans it sells to finance taxis, despite SA’s struggling asset-backed debt market.
Financial and risk services company Alexander Forbes will meet this week to decide whether to pursue an IPO or a trade sale.
A larger than expected loss has not phased investors who believe better days are ahead for the countries largest unsecured lender.
The unsecured lender’s interim results show a loss of R4.4-billion as its customers struggle to repay loans.
BNP Paribas has begun to negotiate the purchase of RCS Investment Holdings, a consumer credit provider owned by Standard Bank and Foschini.
The investment firm has begun building what it hopes will be Africa’s premier financial service group.
Attitudes of platinum producers and the majority union continue to harden as the strike enters it 6th week.
South Africa’s biggest fund manager is "in the money already" when it comes to returns on its multibillion-rand investment in Camac Energy.
At least 70 000 Amcu members plan to down tools at the country’s biggest platinum mines on Thursday.
Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.
The company has issued a letter warning workers and the union it may have to cut jobs as it continues to lose millions to industrial action each day.
The recently negotiated 8% pay increase for gold miners will be a hollow victory for those who stand to lose their jobs.
Workers from the automotive industry will meet to discuss revising pay demands as the strike involving 30 000 people enters its 11th day.
Yields on South African bonds jumped to the highest level in 19 months as inflation accelerated and the rand slipped to a six-week low.
The rand has slumped to a six-week low and bond yields soared to the highest in 16 months.
Thousands of South Africans earn too much to qualify for an RDP home and too little get a mortgage. Many are losing hope.
The rand has depreciated for the third day as investors await guidance from the US Federal Reserve on monetary stimulus.
