South African Reserve Bank (SARB) News

Maria Ramos, CEO, Barclays Africa

Barclays Africa 'divorce settlement' is not a sale deal: Maria Ramos, CEO, Barclays Africa

The British bank’s sell-down of its majority stake in its African subsidiary is still some way off.

Maria Ramos, CEO, Barclays Africa Group

Barclays and Barclays Africa Group agree on separation terms

Barclays Africa Group today announced that it has agreed terms for operational separation with UK-based Barclays PLC, which is reducing its shareholding in Barclays Africa.

Arif Naqvi, Group CEO, Abraaj Group. Credit: Bloomberg

Private equity firm Abraaj is interested in buying Barclays Africa (Infographics & Video)

Abraaj Group, the private equity firm that invests across emerging markets, is interested in buying a stake in Barclays Plc’s South African business.

Africa's largest pension fund PIC is looking to increase stake in Barclays Africa

Africa's largest pension fund PIC seeks central bank approval to increase Barclays Africa stake

Africa’s biggest pension fund, Public Investment Corporation, has sought approval from South Africa’s central bank to raise its stake in Barclays Africa.

Arif Naqvi, Founder & Group CEO, Abraaj Group

Abraaj-led group could bid for 35% of Barclays Africa

Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays Plc’s African unit, according to people familiar with the matter.

Kuben Naidoo, Deputy Governor, South African Reserve Bank

As Bob Diamond readies Barclays Africa bid, South Africa warns on bank buyouts

South Africa raised caution over Bob Diamond’s potential offer for Barclays Plc’s local unit, with the central bank signaling that private-equity bidders for the country’s third-largest lender would face opposition from regulators.

Dunkin’ Brands and Grand Parade Investments announce plans to open hundreds of Dunkin’ Donuts and Baskin-Robbins restaurants in South Africa.

Dunkin' Brands and Grand Parade Investments announce plans to open hundreds of Dunkin' Donuts and Baskin-Robbins restaurants in South Africa

Master franchise agreement with Grand Parade Investments calls for the development of more than 250 Dunkin’ Donuts restaurants and more than 70 Baskin-Robbins shops in South Africa over the coming years.

Lagos, Nigeria

Economists share their 2016 outlook for Nigeria, Kenya and South Africa

These are the global economic realities that will continue to shape African markets in 2016. Strong US dollar. Low oil and commodity prices. Slowing Chinese growth.

Brian Molefe, the newly appointed acting chief executive officer of power utility Eskom Holdings SOC Ltd., is a former senior Treasury official. Source: Transnet SOC Ltd./Eskom Holdings SOC Ltd. via Bloomberg

South Africa Treasury ex-officials soothe investors in new roles

South Africa is increasingly turning to National Treasury officials from the country’s first decade of democratic rule to help steer key economic institutions and boost investor confidence.

Kuben Naidoo has been named Deputy Governor of the South African Reserve Bank effective April 1st, 2014.

Kuben Naidoo named Deputy Governor of South African Reserve Bank

South African President Jacob Zuma appointed Kuben Naidoo, an adviser to Reserve Bank Governor Lesetja Kganyago, as deputy of the central bank from April 1.

South Africa fines Deutsche Bank $857,000 for rules breaches

South Africa fines Deutsche Bank $857,000 for rules breaches

Deutsche Bank AG was fined 10 million rand ($857,000) by South Africa’s banking regulator for failure to comply with rules covering the detection of property linked to terrorism and other crimes.

Sizwe Nxasana, CEO, FirstRand

African Bank not a proxy for South Africa's banking industry: Sizwe Nxasana, CEO, FirstRand

FirstRand Ltd. (FSR), Africa’s biggest bank by market value, said unsecured lending was the least of its issues and criticized ratings companies for seeing failed African Bank Investment Ltd. as a proxy for the industry.

Lesetja Kganyago, Deputy Governor of the South African Reserve Bank

Lesetja Kganyago appointed new governor of South African Reserve Bank (SARB)

The South African rand has been on the up all day.

Sizwe Nxasana, CEO, FirstRand

FirstRand Targets $924M for Expansion in Africa

FirstRand Ltd. (FSR), Africa’s biggest bank by market value, is setting aside 10 billion rand ($924 million) for expansion across the continent as profit increases from regions outside its home market of South Africa.

African Bank recently received a $1.6B bailout from the South African Reserve Bank (SARB)

South Africa’s Subprime Crisis

When America’s housing bubble burst and the subprime loan market tanked in 2007, banks around the world found themselves exposed to subprime debt through an array of complex and opaque financial arrangements.

Striking Miners in South Africa

South African economy contracts for the first time since 2009 recession

South Africa’s economy contracted in the first quarter for the first time since a 2009 recession as the longest mining strike in the nation’s history cut output.