News
POSITIVITY AMID STUDENT PROTESTS AND VIOLENCE
AS we despair at the sight of our flag being burnt, students again taking to the streets, the state dysfunctional and rancour dominating our politics, South Africans cannot help but wonder: is the centre no longer holding?
Read MoreMEDIUM-TERM BUDGET STATEMENT – ECONOMY IN TROUBLE
The South African economy is in serious trouble. This was confirmed in Finance Minister Malusi Gigaba’s Medium-Term Budget Policy Statement, which gave a frank acknowledgement of the dire state of the South African economy.
Read More2017 SUB-SAHARAN AFRICAN CENTRAL BANK GOVERNOR OF THE YEAR
We welcome the news that South African Reserve Bank (SARB) governor Lesetja Kganyago has been named Central Bank Governor of the Year for Sub-Saharan Africa by Global Markets publication.
Read MoreMEDIUM-TERM BUDGET STATEMENT
The Medium-Term Budget Statement (MTBS) due to be tabled on 25 October is yet another opportunity for government to fill the void and acknowledge and address our crisis in leadership.
Read MoreSOUTH AFRICA SLIDES DOWN WEF RANKINGS – OCTOBER 2017
South Africa’s slide down the rankings of the World Economic Forum’s Global Competitiveness Index is evidence of our poor growth prospects, as well as the weak leadership that underpins it.
Read MoreTHE FINANCIAL SECTOR’S ROLE IN ECONOMIC TRANSFORMATION
I trust that this banking summit shall see us turning the corner so that our sector can lead the way in contributing to economic growth, increasing employment and demonstrating real transformation.
Read MoreMOODY’S RATINGS NEGATIVE OUTLOOK FOR SA – SEPTEMBER 2017
The decision is based on our banks’ exposure to the country’s broader economic environment, where growth has been sluggish. Despite this, South Africa’s banks remain safe, well capitalised and among the most sound in the world.
Read MoreNEW HOME OWNERS NOT LIABLE FOR HISTORICAL DEBT – SEPT 2017
We welcome today’s Constitutional Court ruling in the case of Jordaan vs Tshwane CCT, that the charge on a property does not survive transfer.
Read MorePRESIDENT SIGNS IN FINANCIAL SECTOR REGULATION ACT OF 2017
We welcome the President’s signing into law of the Financial Sector Regulation Act of 2017.
Read MoreOAKBAY RULING RESPONSE – COMMERCIAL DISPUTE – AUGUST 2017
The ruling by the High Court in Pretoria that the Minister of Finance is not legally obliged to interfere in a decision by banks to close the accounts of the Oakbay Group provides clarity on the nature of private bank-client relationships.
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