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Southern Africa Banking News is an EIN News Service for banking industry professionals. Constantly updated news and information about Southern Africa Banking.
Latest Southern Africa Banking News
- Rand firms as South Africa exits recession 24 Nov 2009 17:13 GMT
... Rand firms as South Africa exits recession Published: November 24 2009 ... euro slipped after concerns about the European banking sector dented risk appetite, resulting in a ... area is persisting and lend the European Central Bank greater confidence in the economic recovery.” ...
- South Africa moves out of recession 24 Nov 2009 13:35 GMT
... South Africa's economy has come out of recession, with ... of economic analysis and research, said. The central bank loosened monetary policy in December last ...
- Gold Hits Fresh USD, Euro & GBP Records as UK Central Bank Bets Its Pension on Inflation-Linked Bonds 24 Nov 2009 14:33 GMT
... wake of the [recent] announcements from central banks the market is catching onto a strong buy signal ... most investors have positioned themselves long." 's central bank said today that it grew its ... thought. Formerly No.1, "Within three years, South Africa could fall to fifth place" in the ...
- How safe is South Africa? Advice for England fans 24 Nov 2009 16:38 GMT
... How safe is it in South Africa? It is the question nagging the mind ... of scammers, so avoid doing your internet banking on public computers. Overall South Africa is ...
- World Cup 2010: how safe is South Africa? Advice for England fans 24 Nov 2009 18:07 GMT
... World Cup 2010: Foreign Office's five big tips for ... launch How safe is it in South Africa? It is the question nagging the mind ... of scammers, so avoid doing your internet banking on public computers. Overall South Africa is ...
- Namibia - Value addind beef and farm products 24 Nov 2009 01:01 GMT
... Namibia’s growth, Namibian High Commission in South Africa commercial counsellor Bonaventura Hinda emphasised during an ... initiatives until the private sector or commercial banks started investing in this sector. Development finance institutions, ... finance institutions, like the Development Bank of Southern Africa, would also be approached. ...
- IBM Mainframe Deployed in Namibia for the First Time 24 Nov 2009 13:30 GMT
... IBM Mainframe Deployed in Namibia for the First Time ... its first System z sale to a commercial bank in India -- a $10 million, seven-year ... project responded to a directive from the central Bank of Namibia to localize all banking infrastructure ...
- IBM makes mainframe breakthrough in Namibia 24 Nov 2009 15:35 GMT
... The deal is part of a $15 million programme ... Namibia following a directive from the country's central bank. Previously, FNB Namibia, which is majority owned ... its first System z sale to a commercial bank in India - a $10 million, seven-year ...
- Angola's kwanza slides further against dollar 24 Nov 2009 09:18 GMT
... on Monday, despite increasing efforts by the central bank to bolster the amount of dollars it sells to local banks. The kwanza traded at 87.69 kwanzas per dollar compared ... 95 per dollar. Angola rivals Nigeria as Africa's biggest oil producer and depends on oil ...
- Mobile Banking the Answer for Africa's Unbanked - MXit 24 Nov 2009 08:45 GMT
... Mobile Banking the Answer for Africa's Unbanked - MXit Copyright 2009 PR Newswire. ... and instant messenger, is poised to offer banks in Africa a safe, seamless transaction platform that ...
- Card fraud bleeds banks 24 Nov 2009 07:34 GMT
... Credit card fraud continues to hit South Africa's banking industry, the South African Banking Risk Information ... chief executive officer Kalyani Pillay. She said banks remained committed to raising the public's awareness of ...
- African Markets - Factors to watch on Nov 24 24 Nov 2009 06:10 GMT
... market moves and political events may affect African markets on Tuesday. - - - - ... investor caution, which set in after disappointing banks' earnings. NIGERIA BUDGET Parliament is expected to formally ... and management of the bourse. KENYA MPC Central Bank of Kenya's Monetary Policy Committee (MPC) ...
- UPDATE 2-S.Africa exits recession as factories rebound 24 Nov 2009 13:54 GMT
... By Gordon Bell PRETORIA, Nov 24 (Reuters) - South Africa's economy exited its first recession in almost ... seasonally adjusted quarterly basis, while both the central bank and National Treasury had expected the ...
- UPDATE 1-S.Africa exits recession, Q3 GDP up 0.9 pct q/q 24 Nov 2009 11:14 GMT
... PRETORIA, Nov 24 (Reuters) - South Africa's economy exited its first recession in almost ... said Annabel Bishop, economist at Investec. The central bank has since December cut interest rates ...
- Mine contractors get $50m 24 Nov 2009 06:44 GMT
... THE African Export-Import Bank (Afrexim) and the PTA Bank ... Jean-Louis Ekra singed on behalf of the banks while Keren Motors chief executive officer Berhane Kibrom ... carbon/ At the same function, West African Bankers Association president Agbai Abosi and his Comesa ...
- Another giant property bubble waiting to burst 24 Nov 2009 10:26 GMT
... the real estate market as a whole. Banks are desperate to prop up property, but they're ... likely to be in breach of their banking covenants and could not rectify the financial ... if called upon to do so. Other bankers agree, and it seems the new slogan ...
- Central Switch Should Not Be Profit-Oriented - Experts 24 Nov 2009 12:33 GMT
... of payment schemes in the country, the Bankers Committee, in 2005, initiated the establishment of ... switches. Consequently, it makes it possible for banks' customers to use their cards on all payment ... According to her, many countries consider that Central Bank's business is about monetary policy, interest ...
- JSE flat as buyers return to market 24 Nov 2009 12:30 GMT
... percent and platinum counters declining 1.22 percent. Banks and financials were flat, up 0.15 percent and 0.09 ... the pound. On the upside, however, Lloyds Banking Group rose 1.8 percent after it prices ... added R1.20, or 1.47 percent, to R83.10. Banker Standard Bank weakened 23c to R96.72, but Absa ...
- Export markets sought and expanded 24 Nov 2009 04:31 GMT
... Textile and garment products manufactured for export. Nhan ... and expand new export markets such as African and Middle East markets. These markets have ... well as some countries with quite developed banking systems and rather strong financial potentials (for ...
- Online card fraud up by 45percent 24 Nov 2009 06:01 GMT
... CREDIT card fraud is still hitting South Africa’s banking industry The South African Banking Risk Information ... stick to safe banking advice from their banks, such as not letting their cards out of ...
- Zanu PF, MDC-T Clear the Way for Gono's Exit 24 Nov 2009 01:27 GMT
... partial immunity from prosecution granted to the Central Bank Governor Gideon Gono through amendments to ... pressure from both MDC and the Southern African Development Community (Sadc) on the resolution of ... with interest rates, currency management and regulating banks. ...
- Carat appoints Bizzi to board, Katevatis, Panar resign 24 Nov 2009 11:32 GMT
... This item is part of Stockwatch's value added news ... the University of Cape Town in South Africa, an MBA from Fundacao Getulio Vargas in ... CPRM -- the Brazilian Geological Survey) and banking institutions (for example senior consultant at BNDES ...
- Bravura Solutions completes successful implementation with Absa Investment Management Services 24 Nov 2009 04:35 GMT
... Investment Management Services (AIMS), part of the Absa Investments business of the leading South African banking institution, Amalgamated Banks of South Africa (Absa). Signing a five year deal with Bravura in 2007, AIMS’ existing ...
- Net1 Announces Acquisition of MediKredit Integrated Healthcare Solutions 24 Nov 2009 12:10 GMT
... Net 1 UEPS Technologies Inc. ("Net1" or the "Company") (NASDAQ:UEPS)(JSE:NT1) ... million) in cash. MediKredit is a South African private company that offers transaction processing, financial ... unlike traditional payment systems offered by major banking institutions that require immediate access through a ...
- Gono Gets Senior Zanu PF Position 24 Nov 2009 12:15 GMT
... ZANU PF Manicaland province has co-opted under-fire Reserve Bank of ... Sources said Gono, whose removal from the central bank has been identified as an outstanding ... means he agreed." Last month, a Southern African Development Community (Sadc) ministerial team that assessed ...
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