The bank was warned not to repeat the conduct, with each potential repeat offence carrying the risk of further penalties ranging from R1 million to R8 million, respectively.
Parks Tau, the minister of Trade, Industry, and Competition, said that the government’s new R100-billion transformation fund idea, which is not an official policy proposal at this stage, would not raise money by imposing new obligations on firms.
Reinet says discussions have taken place with fund managers and its investee companies on how geopolitical uncertainty might impact the value of its underlying investments or cause volatility in financial markets, interest rates and inflation.
Inconsistent government and corporate climate strategies may see poorer regions left behind in the transition away from polluting industries to green jobs, according to new research.
Russia’s invasion is forcing Ukraine to speed up its green energy transition as a way to secure its electricity supply and infrastructure against attacks, the head of Ukraine’s biggest private electricity provider said.
Officials said Thursday that they had taken fallen real estate tycoon Rene Benko into custody as part of a fraud probe, alleging the founder of the insolvent Signa group had attempted to conceal assets including watches and high-priced weapons.
South Africa’s veterinarians are leaving in droves, and the Department of Agriculture wants to step in to reverse the trend, and ensure the country’s food security.
FNB is pioneering a new direction in private banking and wealth management in South Africa, moving beyond the ‘single contact point’ transactional service that has long defined the industry.
Business Unity South Africa (BUSA) says the country needs to rethink policies to deal with its many challenges, and aim to be more than a middle-of-the-road economy.
South Africa’s currency is riding a wave of positive sentiment that should push through to the end of the year – but economists warn that this has happened before, and to be wary of the good vibes running out.
SARS commissioner Edward Kieswetter says that South Africa could really benefit from a new identification system linking all interactions with the government.