The SA Reserve Bank (Sarb) on Monday washed its hands of municipalities who deposited millions in embattled VBS Mutual Bank as Nedbank stepped in to facilitate payouts to other depositors. The central bank said its deal with Nedbank covered 97 percent of depositors and that the municipalities would have to wait to see if there [...]
2017 has been filled with breaking stories, from company scandals to rand downgrades and cabinet reshuffles in Parliament. We take a look at the top Business Report stories this year that has made the cut onto the top 20 list. Aeon Investment Management Chief Investment Officer, Asief Mohamed contributed a few comments. Read this article [...]
The final version of the Financial Sector Code has been gazetted and was at the government printer on Tuesday with a crucial omission: a mandatory scorecard for retirement funds that would have seen more black principal officers and trustees managing more than R4-trillion in investable assets. The scorecard was withdrawn during negotiations due to concerns [...]
