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 IF ANYONE CAN MAKE RATTAN hot, it’s Alexander Skarsgård. The actor’s latest film project, about a craftsman who creates a wicker husband (Skarsgård) for a lonely woman (played by Olivia Colman), has been an unlikely hit since its release in theaters last week. But basket weave isn’t the only material Skarsgård’s rocking—he’s
PAGE, Ariz. — Doug Herrera still lives in the house his father built, though his dad died some time ago from cancer. Herrera wonders if that illness could have been linked to pollutants from nearby uranium mining. Now, he worries that a possible new neighbor — a proposed $10 billion mega data center — could
Pros 45-liter model is the ideal sweetspot for those looking to buy just one pack Great value Excellent breathability and close-to-body comfort Lots of external storage options Full raincover included Cons Limited internal storage organization Winner of this year’s “Best New All-Purpose Backpack” in the latest Men’s Health Outdoor Awards, the Kestrel LT 45 is