Emma Rumney

UPDATE 2-Absa's profit rise clouded by mixed results underneath

13 Aug 2019

* H1 headline earnings per share 918.4 cents vs 877.8 last year

UPDATE 4-Standard Bank to look at West Africa expansion

08 Aug 2019

* Plans sale of 20% stake in ICBC Argentina (Updates CEO comments, adds detail)

Pact is reached in Mozambique but prospects for peace still uncertain

07 Aug 2019

MAPUTO/JOHANNESBURG With a handshake and a hug, Mozambique's leaders hoped on Tuesday to close the book on a decades-long conflict. But an election in October and new causes of violence mean lasting peace is far from assured.

Nedbank demands action on economy as South African profit stagnates

06 Aug 2019

JOHANNESBURG Nedbank called for more urgent government action to fix South Africa's struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined.

RPT-UPDATE 1-Old Mutual's fired boss turns up for work after court ruling

31 Jul 2019

JOHANNESBURG, July 31 South African insurer Old Mutual's fired boss Peter Moyo turned up for work on Wednesday after a court ruled in favour of his reinstatement, and was allowed into the company's Johannesburg offices but not permitted to resume his duties.

In South African townships, 'unseen' businesses catch a big bank's eye

31 Jul 2019

JOHANNESBURG - Among the metal shacks and narrow side streets of South Africa's townships, one of the country's biggest lenders sees a sizeable market it wants to be first to crack: multi-million-rand businesses operating largely in cash.

South Africa's Ramaphosa seeks review of 'flawed' graft watchdog report

22 Jul 2019

JOHANNESBURG South African President Cyril Ramaphosa on Sunday said he will seek an urgent judicial review of what he described as an irretrievably flawed report in which the country's graft watchdog said he misled parliament over a campaign donation.

With hip hop and bumper home loans, big banks target South Africa's youth

15 Jul 2019

JOHANNESBURG South Africa's biggest banks are betting cut-price accounts, big mortgages and offers on everything from Adidas backpacks to Xboxes will help them win over the youth market, which many overlooked until it was targeted by a host of start-up rivals.

CORRECTED-African Bank moves to stem client exodus, safeguard S.African comeback

21 Jun 2019

* Reversing falling customer numbers key to strategy, comeback

Sacked Old Mutual CEO to sue South African insurer

18 Jun 2019

JOHANNESBURG Old Mutual's former chief executive Peter Moyo plans to take the South African insurer to court after he was fired on Tuesday following a row over an alleged conflict of interest.

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