News Archive - Page 21 of 36 - The Banking Association South Africa

News

EDWARD KIESWETTER APPOINTED TO RESTORE CREDIBILITY, INTEGRITY AND OPERATIONAL EFFICIENCY OF SARS

The credibility, integrity and operational efficiency of Sars was seriously eroded during the tenure of former commissioner, Tom Moyane. Under Acting Commissioner, Mark Kingon, the work of rebuilding of Sars was started.

BLACK JUNIOR MANAGERS IN BANKS RISING

Black ownership in banks has waned as empowerment deals matured, while the number of black junior managers had jumped to 84percent in 2017. These are some of the findings contained in the Banking Association of South Africa (Basa) report on the transformation of the banking sector released yesterday.

BLACK BANK OWNERSHIP DROPS AS EMPOWERMENT DEALS MATURE

Black ownership in banks dropped from 34.8% to 30.5% between 2016 and 2017, but still exceeded the target of 25% in terms of the Financial Sector Code (FSC).

DOES THIS YEAR’S BUDGET MEET EXPECTATION? DISCOVER THE BANKING ASSOCIATION’S THOUGHTS.

The Banking Association South Africa assesses the budget on three priorities which are important to the health of the industry and its ability to facilitate inclusive economic growth and social development in South Africa.

BASA WELCOME STATE OF THE NATION ADDRESS 2019

The Banking Association South Africa welcomes the State of the Nation Address as a firm statement of intent on South Africa’s national priorities and policy direction

GROUND-BREAKING GUIDE LAUNCHED IN SOUTH AFRICA TO EMPOWER BANKS TO ASSESS NATURAL CAPITAL RISK

Natural Capital Finance Alliance (NCFA) has showcased the world’s first step-by-step guide to help banks conduct a rapid natural capital risk assessment. The guide is produced in collaboration with global audit firm PricewaterhouseCoopers.

MINISTRY OF PUBLIC ENTERPRISES MEETING BASA BOARD AND ASISA REPRESENTATIVES

Ministry of Public Enterprises Meeting BASA Board and ASISA Representatives about the operational performance of and financing requirements for State-Owned Companies (SOC’s).

GROSS DOMESTIC PRODUCT – THIRD QUARTER 2018

Real gross domestic product (measured by production) increased by 2,2% in the third quarter of 2018, following a decrease of 0,4% in the second quarter of 2018.

STATEMENT OF THE MONETARY POLICY COMMITTEE

Since the previous meeting of the Monetary Policy Committee (MPC), the near-term inflation outlook has improved, however, the longer term risks to the inflation outlook remain elevated. The weaker exchange rate and the impact of higher oil prices have contributed to increasing inflation since March 2018. At the same time, domestic growth remains weak.

WE URGE EXPEDITE CRISP, CLEAR EXPROPRIATION POLICY AND LEGISLATIVE FRAMEWORKS

The Banking Association South Africa (BASA) acknowledges the decision of the Constitutional Review Committee to recommend that Section 25 of the constitution – the property rights clause – be amended to explicitly provide for the expropriation of land without compensation.