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Sasfin clocks R10bn in offshore assets in 7 years

Diversification strategy pays off amid lacklustre SA returns.

Moral corruption in private sector a concern – Sasfin

Banking group counts the cost of fraud-related loss.

Absa set to woo Africa’s super-rich

Bank to roll out in-country wealth and investment solutions.

Transformation in asset management underwhelms

Black asset managers responsible for R490 billion in R5 trillion asset pool.

‘Diplomatic issues’ delay Sanlam’s R13bn buyout of Saham

Insurance giant confident Moroccan regulator will approve deal despite apparent political tension with SA.

Moody’s ups banks outlook to stable from negative

SA banks to remain resilient despite weakening operating conditions.

FNB shrugs off sale of R4.3 billion Discovery Card book

FNB sees no deterioration in its own ‘equally’ strong credit card book and will actively compete with Discovery Bank.

FNB defies recession

Retail bank to focus on ‘adjacent activities’ as competition heats up.

Sanlam to beef up black shareholding

Insurance group to issue 5% of new shares to empowerment vehicle as it builds funds for SAHAM buyout.

MMI hits reset

Insurer goes back to basics, addresses costs bases and attempts to set itself up for growth.

Discovery to pay FirstRand R1.8bn to exit credit card JV

Transaction to be funded by equity issuance, bank to be launched in the fourth quarter.

Old Mutual’s solid result fails to buoy share price

Analysts say it’s likely the market doesn’t yet fully comprehend the insurer’s value.

High insurance premiums? Blame potholes and crime

Santam buoyed by relatively benign catastrophe claims environment as SA consumers feel the pinch.

Local start-up promises actuaries on demand

Tech-driven business promises low fees and more pay for actuaries.

Nedbank bets on drones reshaping agri finance

Bank’s venture capital fund invests in Cape Town drone start-up.
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