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Latest articles from South Africa

Residual benefits

June 2, 2008

Standard Bank received a $5bn boost to its capital base last year after ICBC took a 20% stake. Charlie Corbett spoke to Standard Bank Africa’s chief executive Clive Tasker about the impact of the deal.

Far-flung expansion

October 1, 2007

Jacko Maree, CEO of Standard Bank Group, tells The Banker about the strategy that is leading it to expand into markets well beyond its South African home base.

Home delivery: Africa’s challenge

January 8, 2007

Africa’s home-financing sector is generally in its infancy. The exceptions are South Africa, Ghana and a handful of east African nations. Cas Coovadia highlights the initiatives in progress.

South Africa's banks bullied over payments

November 6, 2006

Banks in South Africa are being forced to open up the payments system to newcomers and slash transaction charges, writes Michael Imeson.

Making waves

August 7, 2006

For Barclays to succeed in the new South Africa, it must strengthen newly acquired Absa's efficiency and then both must learn how to tap the country’s burgeoning black middle class. Meanwhile, their efforts are shaking up a heavily concentrated banking sector. 

South Africa

January 2, 2006

Stephen Koseff, CEO

The genesis of junk

December 5, 2005

Two South African firms have launched successful high-yield debt issues. Edward Russell-Walling reports.
When South African corporates want to raise capital, the international bond market is not the first place they go looking. For most of them, it would quite literally be the last. But two groundbreaking South African high-yield issues may herald a change in attitude.

African Bank

August 1, 2005

Should banks review their strategies for lending to poor customers? South Africa’s African Bank, a specialist lender to the country’s low-income, under-banked population, produced a 17.9% pre-tax return on assets in the year ending September 30, 2004.

£3bn ABSA deal to boost Barclays’ African profile

June 6, 2005

The UK’s Barclays is investing close to £3bn in South Africa to get control of that country’s biggest retail bank, Absa – the biggest foreign purchase ever by the British group. The deal has been approved by regulators and has the support of sufficient shareholders to be successful, after almost a year of behind-the-scenes talks.

TREVOR MANUEL, Minister of Finance, South Africa

April 4, 2005

Successive presidents’ willingness to retain Trevor Manuel allowed time for harsh policies to bear fruit.

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