Banking News

Capitec CEO’s Whopping R65 Million Payday Raises Eyebrows

Capitec CEO’s Whopping R65 Million Payday Raises Eyebrows

Financial Performance: Capitec Bank reports strong growth in headline earnings and net interest income despite challenges in managing credit risk,…

2024-04-26

Capitec CEO Unfazed by Old Mutual’s New Bank Launch

Capitec's Confidence: Despite Old Mutual's entry into the banking sector, Capitec's CEO, Gerrie Fourie, remains confident in the bank's competitive…

2024-04-26

Absa Appoints Deon Raju as Permanent Financial Director

Appointment of Deon Raju: Deon Raju has been appointed as the new permanent Financial Director and Executive Director of Absa…

2024-04-26

Analyzing Nedbank Group’s Restricted Share Vesting Disclosure

Nedbank Group Limited disclosed the vesting of restricted shares for executives and prescribed officers. The disclosure reflects performance-based and time-based…

2024-04-04

African Bank’s Employee Share Ownership Scheme Paves the Way for IPO Success

African Bank is preparing for an IPO, developing an Employee Share Ownership Scheme (ESOS) to align interests. The ESOS empowers…

2024-03-27

Investec Group FY2024 Pre-Close Trading Update: A Deep Dive into Financial Performance and Strategic Actions

Investec Group's FY2024 pre-close trading update showcases robust financial performance and strategic initiatives. Key highlights include increased earnings per share,…

2024-03-20

Discovery Limited’s Strong Financial Performance: A Closer Look

Discovery Limited's financial results for H2 2023 demonstrate robust performance amid challenging economic conditions. Key metrics such as profit growth,…

2024-03-20

Discovery Limited Surpasses Expectations with Strong Financial Performance in 2023

Discovery Limited's robust performance in the six-month period ending December 2023 showcases strong profit and new business growth. The company's…

2024-03-18

Absa Bank’s 2023 Financial Performance: Resilience and a Growing Customer Base of 9.8 Million

Absa Bank's total income increased by 2.2% in 2023, showcasing resilience amidst economic shifts and operational adjustments. Despite declines in…

2024-03-11

Pepkor Holdings Limited Discloses Executive Share Rights Scheme Transactions

Pepkor Holdings Limited discloses significant transactions related to its Executive Share Rights Scheme, involving key directors and company personnel. Acquisition…

2024-03-08