Absa: Here’s what’s wrong with its retail bank

The five not-so-minor problem it aims to fix.

In an extraordinarily candid investor day on Friday, Absa detailed the issues plaguing its local retail and business banking division (RBB SA), as well as ambitious plans for each of its business units to grow ahead of the rest of the market from next year.

Absa: Here’s what’s wrong with its retail bank
Absa: Here’s what’s wrong with its retail bank

Absa: Here’s what’s wrong with its retail bank

The five not-so-minor problem it aims to fix.

Three court judgments that have changed the face of mining in SA

Three court judgments that have changed the face of mining in SA

Local communities find themselves in the driving seat.
If Eskom goes down, SA will crash – Outa

If Eskom goes down, SA will crash – Outa

The power utility should provide a long-term business plan to show how they plan to get out of their financial woes, says an expert.
A tough investing year is behind us – what now?

A tough investing year is behind us – what now?

Many anticipate that the president needs to move through the upcoming 2019 election before cementing his ideal cabinet and fully enacting his vision for reform in the country.
Embattled KPMG ‘a different company now’, promises chairman

Embattled KPMG ‘a different company now’, promises chairman

The firm has had a ‘significant introspection’ and made changes on who it worked with, how it conducted itself, and how it did its works.
Dti welcomes SCA ruling on micro-finance short-term loans interest rates

Dti welcomes SCA ruling on micro-finance short-term loans interest rates

The judgment goes a long way in advancing the efforts of government to bring relief to over-indebted consumers.
Eskom is the ‘single biggest threat’ to SA’s future, says Maimane

Eskom is the ‘single biggest threat’ to SA’s future, says Maimane

Today the power utility is a financial disaster with significantly more debt, more employee costs, and higher cost to produce electricity.
Ramaphosa announces minimum wage to kick in from January 1

Ramaphosa announces minimum wage to kick in from January 1

Most workers in South Africa will get no less than R20 an hour from the start of next year, although some state workers may still get as little as R11.
Court ruling provides some relief for borrowers

Court ruling provides some relief for borrowers

The maximum interest rate on second loans has been reduced.
SA Express introduces flights to Mthatha

SA Express introduces flights to Mthatha

The airline will initially operate a daily flight from OR Tambo International Airport, with the intention of increasing frequency.
How to deal with debt collectors

How to deal with debt collectors

Don’t talk to them on the phone for a start.
Mystery R99 debit hits SA accounts

Mystery R99 debit hits SA accounts

Access to the payment universe was granted by Standard Bank, which seems to prefer not to comment.
Matjila’s departure from PIC ‘not linked to graft’

Matjila’s departure from PIC ‘not linked to graft’

The PIC chair told Scopa the board was still debating the issues raised in the letter, including with the Matjila’s lawyers.
Work harder to improve GDP contribution, Mantashe tells mines

Work harder to improve GDP contribution, Mantashe tells mines

The mining industry was the biggest detractor from economic growth between July and September, declining by 8.8 percent.
Fitch keeps SA’s rating at BB+, with stable outlook

Fitch keeps SA’s rating at BB+, with stable outlook

The agency expects GDP to grow, but ‘low growth and high inequality could raise the risk of social tensions’, including over land reform.
Gordhan reveals Eskom emergency plans

Gordhan reveals Eskom emergency plans

Among these are proposed plans to split Eskom’s generation and distribution functions as part of a future strategy to stabilise the utility.
Tshokolo Nchocho appointed IDC chief executive on five-year contract

Tshokolo Nchocho appointed IDC chief executive on five-year contract

The term of office of current chief executive comes to an end on December 31.
SA business confidence edges up slightly as momentum flattens – Sacci

SA business confidence edges up slightly as momentum flattens – Sacci

South Africa exited a technical recession in the third quarter, but overall growth is expected to be anaemic at 0.7% in 2018.
Treasury must prioritise financial management report – committee

Treasury must prioritise financial management report – committee

The department appointed Nexus Forensic to probe the failed rollout of the Integrated Financial Management System amid reports of irregular expenditure.
Forensic probe into Steinhoff scandal to be completed in 2019

Forensic probe into Steinhoff scandal to be completed in 2019

The company is still grappling with the fallout after admitting to accounting irregularities a year ago.
The JSE’s short-term pain

The JSE’s short-term pain

But there is a longer-term story.
Huawei CFO arrested in Canada

Huawei CFO arrested in Canada

The company says it is unaware of any wrongdoing by the executive and was provided ‘very little information’ about the charges.
Trillian will only answer next year over Eskom’s R600m

Trillian will only answer next year over Eskom’s R600m

Eskom maintained they never had any contract with Trillian, never owed them a cent and that no work was done for the money paid to them.
Eskom is ‘kaput’. It’s game over – energy experts

Eskom is ‘kaput’. It’s game over – energy experts

The power utility is currently kept afloat by a government debt guarantee of R350 billion, and it wants R100 billion more – but it may all be pointless.
No electricity all day tomorrow? Eskom says don’t believe it

No electricity all day tomorrow? Eskom says don’t believe it

Social media users have reportedly been sharing ‘fake news’ about how tomorrow will be an extra-dark day.
DA mocks government for saying it will ‘ban the internet’ over online gambling

DA mocks government for saying it will ‘ban the internet’ over online gambling

Ghaleb Cachalia has accused Rob Davies of ‘conflating communism and self-flagellation’ to ‘facilitate the spiritual redemption of men by impoverishing them in this life’.

 

 

 

 

 

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