Steinhoff International Holdings said it has asked creditors to agree to an extension of the lock-up agreement.
South Africa?s stock-market regulator said it started a formal investigation into trades in Oakbay Resources and Energy Ltd.
The Gupta family inflated the share price of a company it controlled on its JSE debut by lending money to a Singapore firm.
Old Mutual Wealth said the company is absorbing the cost of external research for funds.
Bank takes the spot as 4th-largest by market value in South Africa.
African Rainbow Capital Ltd. plans to raise 4 billion rand ($303 million) selling shares in its investment unit to selected investors.
Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011.
Standard Bank Group gains the most in almost three months as Africa’s largest lender by assets posts full-year profit that beat analyst estimates.
Lenders are lining up to establish a presence in Ethiopia, one of Africa’s fastest-growing and most under-banked economies.
Barclays Africa apologises for its role in a rand-fixing affair involving more than a dozen banks.
South Africa was a bright spot for banks on the continent in 2016, with stocks shrugging off economic woes to head for the third-best performance in the past decade. ...
Will the Barclays brand disappear from Africa all together?
Deutsche Bank is heading for its best annual performance in SA after winning a key role on the biggest beer acquisition in history.
Jacko Maree named as deputy chairman of Standard Bank’s board as lender looks to build its business across Africa.
Africa’s many small banks, laden with bad debt, are inflicting more pain on already embattled economies.
Atlas Mara, which was co-founded by ex Barclays CEO Bob Diamond, says third-quarter earnings drop 44 percent because of falling currencies.
FirstRand agrees with Finance Minister Pravin Gordhan that he cannot interfere with the bank’s decision to cut ties with the Guptas.
Failed fiscal and monetary policies are leading to a credit crunch in Nigeria, warns Arqaam Capital.
Africa’s biggest bank by value is considering acquisitions in Nigeria because prices have eased in the wake of plummeting commodity prices.
The Public Investment Corporation’s growth in assets under management fell as SA’s economy stagnated.
Liberty is paying more than ever to sell fixed-rate debt as SA life insurers struggle to increase profit in a lacklustre economy.
Capitec Bank will start offering insurance products from next year in a bid to diversify sources of income and bolster earnings.
Capitec Bank’s push to attract new customers and open extra branches is paying off.
Money manager Afena Capital says seven senior staff members bought the company for an undisclosed amount.
Investec expects a decline in first-half operating profit, reflecting a depreciation in the rand among other aspects.