Mail & Guardian
Mail & Guardian
firstrand banklatest news & developments
In recent months, banks such as Standard and Absa have announced retrenchments, citing the weak economy. (Reuters)

Swings and roundabouts for jobs in banks

Although one independent evaluation shows that some banks have been shedding jobs, other banks are hiring

(John McCann)

Retail focus for banking’s phoenix

The African Bank, which relied on unsecured lending, has diversified its product offerings

An organisation that advocates for the interests of Uber drivers, The Movement, said that most of the “drivers had no idea of the kind of costs that were going to be involved” in the deal they signed. (Reuters/Siphiwe Sibeko)

Uber drivers lament ‘exploitative’ WesBank deal

A programme to help Uber drivers obtain vehicles has proven exorbitantly expensive — and drivers still won’t own their cars in the end

A key question is how households should behave financially during both an economic boom and a recession

FirstRand eyes Nigeria’s Mainstreet, Keystone banks

FirstRand bank has shown interest in buying three banks from Nigeria’s Asset Management, including Mainstreet and Keystone.

Rand Merchant Bank acted as lead manager for the sale of First Strut’s R925-million bond. The company

Investec loaned R240-million to company in liquidation

Investec bank has loaned about R240-million rand to First Strut, the Johannesburg based company that is in liquidation.

Vodacom in process of structuring R7,5bn BEE deal

South African mobile telecommunications group Vodacom and its shareholders, together with Rand Merchant Bank, a division of FirstRand Bank, are currently in the process of…

Judgement on noseweek decision handed down

Publication of the fact that a person is a client of a specific bank does not infringe privacy rights, according to Cape Deputy Judge President Jeanette Traverso. She made the…

FirstRand loses court bid to gag noseweek

FirstRand Bank has lost a court bid to prevent noseweek magazine publishing the names of clients involved in allegedly shady offshore tax dodging schemes. Cape High Court Deputy…

FirstRand and noseweek battle it out in court

The legality of a FirstRand Bank offshore tax scheme came under scrutiny in the Cape High Court on Wednesday when the bank sought an urgent interdict to stop noseweek magazine…

Ramos resolves to win freight back from the roads

Having for the first time in a decade halted the draining away of freight transportation from the railways to the roads, Maria Ramos, the chief executive of Transnet, is aiming…