South African banks are facing political pressure to adjust the rate they use as a reference to determine interest charges.
Credit ratings of South Africa?s five largest banks were downgraded deeper into junk territory by Fitch Ratings.
South Africa?s post office is cutting several hundred jobs, the second state-owned company in as many days to detail plans to lay off workers.
African Rainbow Capital - chaired by billionaire Patrice Motsepe - agrees to buy 10% in the main operating unit of Alexander Forbes.
Bank that provided Jacob Zuma with R7. 8m mortgage for Nkandla repayment says “conditions apply no matter who the client may be”.
The UK’s vote to leave the EU won’t affect the company’s strategy or the plan to have the separation completed by the end of 2018.
SA’s largest publicly traded cement maker received R4bn of bank guarantees to underwrite the sale of shares to existing investors.
Barclays Group Africa sees its credit-loss ratio will worsening as customers fall behind in loan repayments and economic growth in SA slows.
Financial institutions that stopped offering services to companies tied to the Guptas did so separately and independently, says SA’s banking association.
Edward Kieswetter is set to step down as CEO of Alexander Forbes as he prepares to take early retirement in March next year.
Bidvest plans to spin off and sell shares in its Foodservice Business International division amid a re-organisation of its operations.
SA’s rand advances to the strongest level against the dollar in three weeks during Friday trade.
