Nasdaq and S&P 500 see the biggest single-day gain in two weeks
Choice is between democratic openness and parasitical elites having their way
Ramaphosa gave the Special Investigating Unit the green light to investigate allegations against the two boards earlier in August
The party has decided there should not be a cooling-off period as provided for in the Electoral Amendment Bill
Evraz is under sanctions by the UK and EU after Russia’s invasion of Ukraine
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Emergence from EU’s enhanced surveillance framework will allow the country greater freedom in making economic policy
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
Now more than ever, there are tangible reasons to believe that Africa’s time is now as major firms invest in African brands, from music and art to fashion
Capitec has settled a legal dispute with Summit Financial Partners out of court, the bank said on Friday.
Information in the court papers was used by short-seller Viceroy Research to attack Capitec.
Summit initially approached the National Credit Regulator (NCR) with accusations against Capitec, and then escalated the matter to the public protector’s office.
"All Summit-assisted and -initiated court and NCR cases involving Capitec have been withdrawn," Capitec said on Friday.
"The principle contention in these cases was against the multi-loan product which Capitec discontinued in February 2016. Both parties have agreed to work together in improving the unsecured lending industry for the benefit of all South Africans.
"This initiative will include programmes to improve consumer financial literacy, providing effective consumer debt relief solutions and building consumer financial capability. We believe that this is an important joint step in bringing positive change in the South...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.