Category Archives: Banking & Personal Finance

Ins and outs of Islamic Banking

28 April 2016 – It’s been over a decade since some of South Africa’s leading commercial banks introduced Islamic Banking services but despite the progress, there are still numerous misconceptions about this alternate form of banking. CEO of FNB Islamic Banking, Amman Muhammad says South Africa is one of many African countries that enable citizens to benefit from the unique benefits of Islamic financial services. “Locally, we are seeing an increasing number of people showing interest in Islamic banking solutions for a range of needs.…

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Nuwe Swart Ekonomiese Bemagtiging (SEB)-punteskok is onwettig

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

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 die parlementêre portefeuljekomitee in die lig van die African Bank (Abil)-debakel waar die Reserwebank nou moes ingryp met ʼn reddingsboei van R10 miljard om die bank van ondergang te red.…

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