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This Week’s News
Financial Reporter - Investec cuts HNW residential and buy-to-let rates by up to 0.30% - 28/4/2025
Investec recently announced reductions of up to 58bps across selected variable rate mortgage products, as well as reductions in residential mortgage fees from 1.00% to 0.50% and a cap on arrangement fees for owner-occupiers.
For the complete story, see:
https://www.financialreporter.co.uk/investec-cuts-hnw-residential-and-buy-to-let-rates-by-up-to-030.html
Business Tech - South Africa has a new biggest bank - 25/4/2025
Capitec’s strong share price growth helped it become South Africa’s largest bank by market cap, exceeding FirstRand, Standard Bank, Absa, and Nedbank.
For the complete story, see:
https://businesstech.co.za/news/banking/822283/south-africa-has-a-new-biggest-bank/
Reuters - Emerging economies face longer period of tighter financing, South African central banker says - 24/4/2025
Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free assets is very much in focus, the head of South Africa's central bank told Reuters.
For the complete story, see:
https://www.reuters.com/business/finance/emerging-economies-face-longer-period-tighter-financing-south-african-central-2025-04-24/
Other Stories
IOL - African Bank Limited faces R700,000 penalty for misleading advertising - 23/4/2025
My Broadband – Prominent South African investment app can be takeover target of a big bank – 21/4/2025
Tech Cabal – Access Holdings records highest tech spend as fraud losses drops 73% - 18/4/2025
Business Tech – FNB fraud alert for online shoppers in South Africa – 17/4/2025
Business Day – Access Bank acquires National Bank of Kenya to boost East African footprint – 15/4/2025
Media Releases
Nedbank Group Ltd (JSE: NED) - Unlock the power of Connected Wealth with Nedbank Private Wealth - 25/4/2025
RMB Holdings Limited (JSE: RMH) - RMB partners with SPAR on R4.5bn debt solution - 24/4/2025
Capitec Bank Holdings Ltd (JSE: CPI) - Capitec's headline earnings grow by 30% - 23/4/2025
First National Bank - FNB Receives National Accolades for CEO Leadership and Differentiated Culture - 23/4/2025
Latest Research
Renewable energy, banking sector development, and carbon dioxide emissions nexus: A path toward sustainable development in South Africa – By Ahmed Samour, Delani Moyo & Turgut Tursoy
Overviews of Leading Companies
Absa Group Limited (JSE: ABG)
African Bank Limited
Bidvest Bank
Capitec Bank Holdings Ltd (JSE: CPI)
Discovery Limited (JSE: DSY)
First National Bank
Firstrand Limited (JSE: FSR)
Grindrod Bank
Investec Ltd (JSE: INL)
Nedbank Group Ltd (JSE: NED)
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