Bank & Finance

Jul 06, 2020
Willie Breedt, the alleged bitcoin and cryptocurrency scammer, has been declared bankrupt. News24 earlier reported around 2 000 investors in Breedt's defunct company, VaultAge Solutions (VS), stand to lose around…
Jul 06, 2020
Vodacom M-Pesa has announced the expansion of its International Money Transfer service portfolio. Vodacom customers will now have the option and ability to easily transfer and receive funds from individuals…
An analysis of financial inclusion in South Africa shows that affordability limits poor households’ access to formal financial services. In our study, which looked at people’s use of financial goods…
Jul 02, 2020
With electronic payments shaping the online transactions sector, there is no denying that some big players have established an edge over others to become the defacto choice for users. Currently,…
Jun 30, 2020
Zimbabwe’s state-run Sunday mail reported that Zimbabwe has sufficient foreign currency reserves to sustain the reintroduced foreign currency auction system, citing the Central Bank Governor, John Mangudya. According to the…
Jun 28, 2020
Zimbabwe on Friday abruptly suspended all mobile money transactions, the most widely used platform to make and receive payments in the crisis-ridden country, claiming the move would tackle crime and…
Jun 16, 2020
South African banks and the government are looking for ways to boost take up of an up to 200 billion rand ($11.58 billion) loan scheme to help coronavirus-hit businesses, two…
Jun 15, 2020
Zimbabwe’s governing party, Zanu-PF, has summoned finance minister Mthuli Ncube and Reserve Bank of Zimbabwe governor John Mangudya to explain the country’s economic meltdown, the Zimbabwe Independent reported. Members of…
Jun 12, 2020
Zimbabwe’s central bank is limiting the number of internal bank transfers customers can make to two a day, as the central bank moves to curb trading in the parallel currency…
Jun 13, 2020
Foreign Currency Account holders with Zimbabwean banks – among them units of Standard Bank, Standard Chartered and Nedbank – have expressed apprehension about what they fear could be a run…
May 29, 2020
President of the African Development Bank (AfDB), Akinwunmi Adesina, has revealed more details on why the U.S. government may be deliberately pushing for a fresh probe of allegations of impropriety and fraud…
May 29, 2020
Ex-Nigerian President, Olusegun Obasanjo, has urged the board of the African Development Bank to ignore calls for an independent investigation of its President, Akinwumi Adesina, by the United States Government.…
May 25, 2020
Zimbabwe welcomed the U.S. decision Thursday to remove two of its banks from the sanctions list, saying the move will allow them to easily obtain credit to address the country's…
May 15, 2020
Zimbabwe on Thursday received 60,000kg (60 tonnes) in freshly-printed higher denomination bond notes, which the central bank says will go into circulation at the end of the month. The RBZ…
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