Investec shareholders angle for more change from new CEOs

Fani Titi and Hendrik du Toit have their work cut out for them as the bank has struggled to improve its return on equity since the global financial crisis

Cheap assets and high bond yields still make SA attractive: PSG

With many firms trading at a 55% discount to true value, there has never been a better time to buy SA equities, says asset manager

Companies / Financial Services
WATCH: Investec posts double-digit rise in first-half profit

Hendrik du Toit, the joint-CEO of Investec, joined Business Day TV to offer his perspective on the results

Companies / Financial Services
WATCH: Adrian Gore on Discovery’s behavioural bank

Discovery CEO Adrian Gore talks to Business Day TV about what will make the group’s banking operations stand out

Companies / Financial Services
Weaker rand takes its toll on Investec’s SA arm

Investec's largest operating profit generator, its Southern African specialist bank, suffered a small decline while its UK asset management arm grew 14%

Companies / Financial Services
Behind Adrian Gore’s ‘behavioural bank’ concept at Discovery

The value proposition is built around Discovery’s Vitality model

Companies / Financial Services
Discovery unveils plans for its bank

The bank's value proposition is built around Discovery’s Vitality model, rewarding clients for good financial behaviour

Companies / Financial Services
BL PREMIUM
Standard Bank’s IT revamp puts more than 500 jobs on the line

The bank says it has concluded an IT review which showed that it needed to adapt its operating model and skills set

Companies / Financial Services
TIM COHEN: Is there room in SA for two new banks? Tyme will tell

Banking is going through the very first stages of a massive revolution and, generally, it is responding very badly

Companies / Financial Services
BL PREMIUM
Tim Cohen Senior editor: Business Day
African Bank’s BEE shareholders apply for leave to appeal dismissal of legal action

The case could set legal history by enabling shareholders to sue directors and auditors 

Companies / Financial Services
Ann Crotty Writer-at-large
Top international banks fined for Mexican bond trades fiddle

Global banks Citigroup-unit Citibanamex, BBVA Bancomer, Barclays, Credit Suisse and Deutsche Bank fined for inflating bond trading volumes

Companies / Financial Services
Capital Appreciation gains as South Africans drop cash for cards and digital money

Rapid growth in SA's credit and debit card market has increased demand for point-of-sale machines

Companies / Financial Services
Discovery’s highly anticipated bank to be formally launched in March

It will be the world's first behavioural bank, incorporating the financial behaviour of its clients to offer rewards

Companies / Financial Services
Lloyds Bank settles with HBOS whistle-blower

HBOS bosses concealed a massive fraud; Sally Masterton reported it in 2013 but has only now received an apology for how she was treated

Companies / Financial Services
Insurer Lion of Africa to roar no more

The short-term insurer has decided to halt its operations with immediate effect, citing continued losses in a difficult environment

Companies / Financial Services
Capital Appreciation increases dividend after double-digit profit rise

Software division Synthesis enjoyed a 72% surge in net interim profit, and group revenue was up 56%

Companies / Financial Services
WATCH: What the liquidation of VBS means

Banking Association of SA MD Cas Coovadia talks to Business Day TV about the liquidation of VBS bank

Companies / Financial Services
Fund managers rate US as favourite equity region, says investor survey

The survey found investors gloomy on world economic growth prospects, with a net 44% expecting a deceleration in the coming year

Companies / Financial Services
Goldman Sachs bankers ‘cheated’ Malaysian state fund

The country's officials vow to get money back through assistance from US department of justice

Companies / Financial Services
Khaya Gobodo to head Old Mutual’s wealth and investment unit

Traditional investment houses and asset managers are under pressure to attract more black talent to executive roles 

Companies / Financial Services

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Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.