Standard Bank [JSE:SBK] says lower transaction volumes due to depressed spending during the lockdown, coupled with decreased loans and debt relief for customers have negatively impacted its earnings by some R2 billion.In June, Africa's largest lender had already detailed in another trading update how the lockdown had put the brakes on ATM volumes. It added then…
Kuben Naidoo Freddy Mavunda/Business Day South African banks will probably have to raise further provisions for bad loans as measures to contain the coronavirus weigh on the struggling economy, hindering the ability of customers to repay loans."We have a pretty good handle on the banks’ estimates of non-performing loans and they have all raised provisions…
As a voting block, four major banks have the majority when it comes to voting on a rescue plan for SAA.A legal point of debate centres on whether they can really be regarded as being independent creditors as required by the Companies Act.This is because they hold government guarantees for the total of R16.4 billion…
A worried owner of a small business. Most banks offered a three-month debt repayment holiday from March/April. But this will end in June.Yet the latest survey by TransUnion shows 91% of respondents are worried about their ability to repay their debts and bills.Absa, FNB, Nedbank and Investec have said they will work with their clients,…
3 min read FOR THE FIRST time, doctors have successfully completed a coronary artery bypass without cutting the patient open. They recently documented the results of the landmark surgery in Circulation: Cardiovascular Interventions. The surgery was done on a 67-year-old man whose aortic valve was already replaced with a prosthetic. However, he developed a buildup
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Pros Cloud-like cushioning Wide array of colors to choose from Very smooth transition Cons Common sizes can sell out fast The Hoka Clifton 10 continues the franchise's tradition of plush comfort and podiatrist-approved design—earning another nod from the American Podiatric Medical Association. This version builds on what made the Clifton 9 a favorite by refining