Finance Archives - News@Media

FORMER ABSA BANK EMPLOYEE ARRESTED FOR ALLEGED FRAUD WORTH R700 000

admin — Fri, 09 Apr 2021 13:38:17 +0000

NORTH WEST – Emmanuel Pule Lorekang (43) made a brief appearance before the Mahikeng Magistrate’s Court this morning following his arrest on Thursday. He was arrested by the Hawks’ Serious Commercial Crime Investigation for allegedly conspiring to defraud ABSA account holders with his co-accused, Isaac Legae (27) who was also employed by ABSA bank in […]

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Moodys upgrades Mercantile Bank two notches up

admin — Fri, 23 Jun 2017 05:48:37 +0000

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 […]

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

admin — Tue, 19 Aug 2014 13:57:22 +0000

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 […]

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VF Plus gaan vra dat banke verduidelik oor toestaan van krediet na African Bank se geldkrisis

admin — Mon, 11 Aug 2014 14:08:49 +0000

Banke wat hulle op riskante wyse blootstel aan die toestaan van onversekerde krediet stel nie net hulself in gevaar nie, maar hou ŉ bedreiging vir die hele land in met dié onverantwoordelike optrede, sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor handel en nywerheid. ŉ Goeie voorbeeld hiervan is African Bank wat […]

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African Bank placed under curatorship

admin — Mon, 11 Aug 2014 11:25:01 +0000

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 […]

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MINISTER OF FINANCE REPLY TO QUESTION BY MR N SINGH MP

admin — Fri, 27 Jun 2014 07:42:31 +0000

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 […]

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