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Mail & Guardian
standard chartered banklatest news & developments
National director of public prosecutions Shamila Batohi. (Photo by Gallo Images / Sunday Times / Alaister Russell)
ATUL GUPTA

NPA must move fast for SA to escape grey list’s grasp

The National Prosecuting Authority is ready to act on state capture crimes but whether it has the ability to do so has been questioned

  • Emsie Ferreira
  • Sarah Smit
8 min read
The commission is seeking an order from the tribunal to declare that the banks contravened the Competition Act. (Reuters)
ABSA

International case may set precedent in rand-rigging battle

Standard Chartered pleaded guilty to currency manipulation (which included the rand) between 2007 and 2013

  • Lynley Donnelly
  • Gemma Ritchie
2 min read
HSBC added: “In the near term, the nature and impact of the UK’s departure from the European Union remain highly uncertain.”(Pierre Albouy/Reuters)
HSBC BANK

Foreign investment continues to dip in Nigeria as HSBC, UBS exit

Two global banking giants have closed their offices in Nigeria in yet another blow to the country’s economy

  • Mashadi Kekana
2 min read
Wa Lone and Kyaw Soe Oo had been investigating the September 2017 killings of 10 Rohingya Muslims in conflict-scarred Rakhine state. (Reuters)
CENTRAL BANK

Nigeria orders MTN to refund $8.13bn

This sanction is the latest to hit MTN since it began operations in Nigeria 17 years ago

  • Agency
2 min read
Liverpool denies Suarez apology forced
LIVERPOOL

Liverpool denies Suarez apology forced

Liverpool has denied reports they apologised for Luis Suarez’s conduct at Old Trafford as a result of pressure from shirt sponsors Standard Chart.

  • Staff Reporter
3 min read
ABSA CAPITAL

GDP slows due to contraction in mining

South Africa’s economic growth rate slowed to 2,1% in the first quarter of 2008 on a seasonally adjusted and annualised basis, official data showed on Tuesday, citing a sharp…

  • Staff Reporter
4 min read
DAWIE ROODT

PPI data ‘does not bode well for consumers’

South Africa’s producer price index (PPI) rose by 11,8% year-on-year in March from 11,2% in February, Statistics South Africa data on Thursday showed. Dawie Roodt, economist at…

  • Staff Reporter
3 min read
ANNABEL BISHOP

February PPI ‘a shock to the system’

South Africa’s producer price inflation (PPI) accelerated above forecasts to 11,2% year-on-year in February from 10,4% in January, official data showed on Thursday. Statistics…

  • Staff Reporter
3 min read
CARMEN ALTENKIRCH

Power crisis likely to wipe out surplus

The goal posts for Finance Minister Trevor Manuel’s spending plans in Wednesday’s national budget were carefully placed last October when he revealed his medium-term expenditure…

  • Staff Reporter
6 min read
DAWIE ROODT

Trade deficit: ‘SA is now officially in trouble’

South Africa’s monthly trade deficit jumped to a record R14,73-billion in October, compared to September’s R4,3-billion shortfall, the South African Revenue Service said on…

  • Staff Reporter
2 min read
ANNABEL BISHOP

PPI slows to ‘better than expected’ 9,4%

South Africa’s producer price inflation (PPI) slowed to 9,4% year-on-year in August, below forecasts, after a 10,3% increase in July, official data showed on Thursday. On a…

  • Johannesburg
2 min read
DENIS DYKES

Gloomy numbers cloud SA economic optimism

A string of gloomy data has clouded some of the optimism surrounding the South African economy, raising fears of another interest-rate hike and casting doubt on government growth…

  • Francois Becker
3 min read