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FNB fourth bank to offer payment holiday amid Covid-19 outbreak

FNB fourth bank to offer payment holiday amid Covid-19 outbreak

30 Mar 2020 /  Melitta Ngalonkulu   8
From April to June, for customers who show sound banking behaviour.
Big banks: up to a fifth of borrowers may not qualify for relief

Big banks: up to a fifth of borrowers may not qualify for relief

30 Mar 2020 /  Emma Rumney, Reuters   1
The sector announced industry-wide parameters for support last week.
South Africa’s first coronavirus deaths drive rand lower

South Africa’s first coronavirus deaths drive rand lower

UPDATE
27 Mar 2020 /  Mfuneko Toyana, Reuters   2
Market watchers await rating decision from Moody's.
SA banks ‘underwhelm’ with response to virus fallout

SA banks ‘underwhelm’ with response to virus fallout

27 Mar 2020 /  Roxanne Henderson, Antony Sguazzin and Janice Kew, Bloomberg   22
Labour unions and small business owners call for 'big bang intervention'.
How far the JSE’s biggest companies have fallen

How far the JSE’s biggest companies have fallen

23 Mar 2020 /  Hilton Tarrant   29
More than 30% down for 23 of the 40 largest so far this year ….
Standard Bank provides Covid-19 debt relief for SMEs, students

Standard Bank provides Covid-19 debt relief for SMEs, students

UPDATE
22 Mar 2020 /  Neesa Moodley   5
Nedbank to support clients with cashflow challenges as a result of Covid-19.
Remgro results overshadowed by virus crisis

Remgro results overshadowed by virus crisis

19 Mar 2020 /  Ann Crotty   1
'This is the first time the private and public sectors are coming together in such a big way' – Durand.
Johannesburg bank stocks plunge by record as virus woes hit rand

Johannesburg bank stocks plunge by record as virus woes hit rand

18 Mar 2020 /  Adelaide Changole, Bloomberg   1
The rand slumped as much as 2.9%, breaching its lowest level against the dollar on record.
Covid-19 crash: R2.3trn wiped out

Covid-19 crash: R2.3trn wiped out

16 Mar 2020 /  Larry Claasen   18
Alsi closes down 32.6% since the beginning of the year.
SA consumer mood slumps on ‘grim economic reality’

SA consumer mood slumps on ‘grim economic reality’

16 Mar 2020 /  Prinesha Naidoo   1
SA consumer confidence fell to the lowest level in more than two years
The great foreclosure rip-off

The great foreclosure rip-off

16 Mar 2020 /  Ciaran Ryan   14
January’s interest rate cut has effectively wiped out all mortgage bond arrears, say consumer activists. But you won’t hear that from your bank.
South Africa is spoiling it for banks finding growth elsewhere

South Africa is spoiling it for banks finding growth elsewhere

13 Mar 2020 /  Roxanne Henderson, Bloomberg   
South African bank shares are being hit by a moribund local economy.
Is Absa turning the ship around?

Is Absa turning the ship around?

12 Mar 2020 /  Hilton Tarrant   2
And will new boss Mnimele be allowed to mould his own strategy?
FNB reports growth in earnings offset by credit impairment charge

FNB reports growth in earnings offset by credit impairment charge

11 Mar 2020 /  Moneyweb  
Jacques Cilliers – CEO, FNB
FirstRand sees HY profit up 5%

FirstRand sees HY profit up 5%

11 Mar 2020 /  Moneyweb  
Alan Pullinger – CEO, FirstRand

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