SA Reserve Bank Seen Keeping Rates At 6.50% Next Week

PICTURE:

JOHANNESBURG: South Africa’s Reserve Bank will keep interest ratesunchanged next week as an anticipated quicker rise in consumer prices over the coming months won’t drive inflation above target, a Reuters poll showed Wednesday. All 25 economists surveyed in […]

Big Banks Sued For R60-Billion

Siboniso Mawandla | The Republic Mail

By Katlego Ngobeni South Africa’s big four banks are being sued for R60-billion. In a landmark class action brought to the Constitutional Court, the banks are accused of unfairly repossessing homes, and selling them off […]

Businessman Arrested For Defrauding Nedbank Of R23m

Staff Writer | The Republic Mail

By Ndileka Swakamisa A Cape Town businessman has been sentenced to eight years in prison for defrauding Nedbank of R23-million. Wessel Germishuys and his wife, Marianne, faced 188 counts of fraud. The couple, through their […]