Banking South Africa Latest Information

Banking South Africa Latest Information

South Africa Absa's deputy head to step down
JOHANNESBURG, Feb 1 - South Africa's Absa Group said its veteran deputy CEO will step down next year, marking the latest senior management reshuffle at the Barclays-controlled lender in recent weeks. Shares of Absa turned negative after news that Louis von Zeuner - a 32-year bank veteran and its most experienced senior manager - will become a non-executive director from January 1. The 51-year ...

Research and Markets: South Africa - Telecoms, Mobile, Broadband and Forecasts
Research and Markets has announced the addition of the "South Africa - Telecoms, Mobile, Broadband and Forecast

Trouble Looms for South Africa Mining
ANC Study said to propose South Africa mine Resource-Rent Tax. A study into mine nationalization ordered by South Africa's ruling African National Congress proposes a 50% resource-rent tax rather than taking over operations, a party official who has seen the document said Saturday.

Mauritius' AfrAsia CEO sees IPO as early as this year
JOHANNESBURG (Reuters) - Mauritian lender AfrAsia is looking to do an initial public offering (IPO) as early as this year and could list its shares in both Johannesburg and its home market, its chief executive said on Tuesday. AfrAsia, which has a corporate finance team in South Africa, is looking to do more deals between Africa and Mauritius as well as Asia, James Benoit said. "We're looking at ...

South African Banks and Retailers Advancing Credit Strategies with Optimization Analytics from FICO
LONDON, Feb. 8, 2012 /PRNewswire/ -- FICO (NYSE:FICO - News), the leading provider of analytics and decision management technology, today announced that South African credit grantors are increasingly adopting ...

Firstrand Says S.African Loans Focused on Unsecured Lending
Sizwe Nxasana, Chief Executive Officer of FirstRand Ltd., South Africa’s second-largest banking

South Africa to Keep Its Key Lending Rate at 30-Year Low to Boost Growth
South Africa will probably keep its benchmark lending rate at a 30-year low today to support the recovery in Africa’s biggest economy as inflation accelerated less than forecast.

South Africa's Net 1 UEPS reaches black empowerment deal
(Reuters) - South African payment processor Net 1 UEPS Technologies Inc said it has agreed to issue about a fifth of its shares to a consortium of black South Africans and community groups to comply with regulations in that country. South Africa requires companies to meet quotas on black ownership and employment to rectify the wrongs of apartheid. Net 1 UEPS offered the consortium, which also ...

S.Africa's Reserve Bank says will keep Basel III timelines
JOHANNESBURG (Reuters) - South Africa's Reserve Bank says it will not lengthen the time lenders in the country will have to comply with the new global Basel III banking rules, as they will have enough notice by which to implement the regulations, a senior official said. "The South Africa Reserve Bank remains committed to the time lines stipulated by the Basel III regulations," Hlengani Mathebula ...

UPDATE 2-South Africa Absa's deputy head to step down
* Reduced role of most experienced senior manager * CEO says will not hire a new deputy * Shares turn negative on news, down 0.4 pct (Adds quotes, details) JOHANNESBURG, Feb 1 - South Africa's Absa Group ...

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