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Bidvest first SA bank to trade Yuan

South African demand for China’s Yuan looks set to reach a new heights following Bidvest Bank’s decision to trade in the currency.

Bidvest first South African bank to trade Yuan

South African demand for China’s Yuan looks set to reach a new heights following Bidvest Bank’s decision to trade in the currency.
South Africa-China trade ties to strengthen

We'll weather the storm: Manuel

‘Sound policies will see us through’

South Africa's low level of debt, prudent approach to fiscal policymaking and sound banking system will enable the country to weather the global economic storm, says Finance Minister Trevor Manuel.
Treasury welcomes banking report

Absa, Western Union offer cash transfers

South Africa's largest retail bank has partnered with Western Union to roll out the US financial services company's money transfer services in selected branches countrywide, making it easier for Absa customers to send and receive money internationally.

Chinese bank invests in SA

China's largest bank, the Industrial and Commercial Bank of China, has offered to purchase a 20% stake in Standard Bank, South Africa's largest bank by assets and earnings, for US$5.5-billion, representing the largest foreign direct investment in the country to date.

China buys into Standard Bank

China signals a new day for Africa

The recent acquisition by China's largest bank of 20% of South Africa's Standard Bank is a watershed event in the growing relationship between China and the development of the African continent, writes John Battersby.
'SA can drive Africa': Wolfowitz

‘SA can drive Africa’: Wolfowitz

New World Bank president Paul Wolfowitz says South Africa can play a leading economic role in Africa, and has urged SA businesses to form a partnership with the bank to to boost African development. Speaking in Pretoria after a week-long African trip, Wolfowitz also praised the "new generation" of African leaders for their commitment to tackling corruption.
Mzansi: SA banking spreads its net

Mzansi: SA banking spreads its net

SA's low-cost national bank account extends banking to low-income earners and those living beyond the reach of banking services. "Mzansi" has proved to be a hit, with over 1.5-million accounts opened in less than a year - the great majority by South Africans who had never banked before.

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