News Archive - Page 23 of 35 - The Banking Association South Africa

News

BANKS SPEAK OUT ON LAND EXPROPRIATION

SA’s commercial banks have been surprisingly mute about the expropriation without compensation debate. But as the Land Bank makes clear, any ham-fisted government policy risks causing a series of dominoes to topple that could have disastrous consequences for the lenders. Here’s what experts in and around the banking sector are thinking about land ...

FICA AMENDMENTS IMPACT SOUTH AFRICAN ACCOUNTABLE INSTITUTIONS

The most recent FICA Amendments, most of the provisions of which came into effect on 2 October 2017, have occasioned some misgivings within the various affected industries (referred to as ‘Accountable Institutions’). Many of these reservations are based on a lack of appreciation of FICA’s international provenance.

BASA ENCOURAGES MARKET PARTICIPANTS TO ADOPT THE FX GLOBAL CODE

The FX Global Code is a set of principles of good practice for the foreign exchange market, which was developed by a partnership of central banks and market participants from around the world.

FSCA WARNS THE PUBLIC AGAINST MRS SADIA AKBAR.

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Sadia Akbar. According to the information received, Mrs Akbar purports to be an employee of an entity called Financial Service Authority.

SARB VBS MUTUAL BANK MEDIA BRIEFING

Reserve Bank Governor Lesetja Kganyago, his deputy and CEO of the Prudential Authority Kuben Naidoo are holding a briefing on Monday to update the public on VBS Mutual Bank.

DISCOVERY BANK BECOMES NEW MEMBER

The Banking Association South Africa welcomed its newest member, Discovery Bank, at a certificate handover ceremony at the Discovery building recently.

BANKS TO HELP ENSURE THE LONG-TERM SUSTAINABILITY OF SOES

The ministers of Public Enterprises and Finance, Pravin Gordhan and Nhlanhla Nene, as well as the Deputy Minister of Finance, Mondli Gungubele, met with the boards of the Banking Association South Africa (BASA) and the Association for Investment and Saving SA, on Tuesday 19 June 2018.

TRYING TO SEE A WAY FORWARD FOR THE COUNTRY AFTER ZUMA

The conversation Indlulamithi hopes to engender is: if any of the scenarios which will be revealed on June 21 start to come to the fore, do we have the right policies and strategies to move away from undesirable scenarios and maximise the desirable ones?

THESE ARE THE 18 BIGGEST BANKS IN SOUTH AFRICA – INCLUDING DISCOVERY

According to the report, total banking sector assets increased from R4.88 trillion in December 2016 to R5.16 trillion at the end of 2017.

2017 AGM CHAIRPERSON’S REPORT

The year was marked by rapid legislative change, muted economic growth and political uncertainty.