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 alreadyĀ 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 banksā 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,…
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An outbreak of infant botulism has been traced to the formula Published: March 02, 2026, 10:17 pm Last updated: March 02, 2026, 10:38 pm ByHeart infant formula that has been recalled in relation to an outbreak of infant botulism is still on sale in Michigan, according to state officials. The Michigan Department of Agriculture and
3 min read THERE ARE CERTAIN shows on HBO that just know how to get people talking. Whether that's the high-fantasy fun of something in the Game of Thrones world, a murder mystery like Mare of Easttown, or a salacious, juicy season of The White Lotus, the prestige cable giant just knows the secret formula