Category «Finance»

Moodys upgrades Mercantile Bank two notches up

mercantile-bank

Moody’s upgrades Mercantile Bank two notches up despite tough economic conditions in South Africa This month, Moody’s Investors Service raised Mercantile Bank’s long- and short-term national scale ratings to Baa1.za/P-2.za from Baa3.za/P-3.za. The ratings agency gave Mercantile Bank a “stable outlook in view of its robust financial performance, which supports its ability to withstand the …

Banke sal moet kom verduidelik oor krediet na ingryping van VF Plus

Nuwe Swart Ekonomiese Bemagtiging (SEB)-punteskok is onwettig

Banke sal in die afsienbare toekoms aan die parlementêre portefeuljekomitee oor handel en nywerheid moet verduidelik oor hul kredietpraktyke en in die besonder die toestaan van onversekerde krediet, sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor handel en nywerheid. Volgens adv. Alberts het hy vandag die versoek gerig tot die voorsitter van …

African Bank placed under curatorship

Pretoria – African Bank has been placed under curatorship but it will continue to operate and be open for business, says the Reserve Bank. “The first important measure has been the conclusion reached by the Registrar of Banks and the decision by the Minister of Finance to place African Bank under curatorship with effect from …

MINISTER OF FINANCE REPLY TO QUESTION BY MR N SINGH MP

MINISTER OF FINANCE REPLY TO QUESTION BY MR N SINGH Mp 4. Mr N Singh (IFP) to ask the Minister of Finance: Whether, with regard to the current international economic climate and recent 0,6% contraction in the quarterly gross domestic product, the country is heading for another recession; if not, what steps does he intend …