1. Articles in category: Financial Services

    1-24 of 81 // 1 2 3 4 »
    1. As BEE pressure ratchets up, attention turns to endgame

      Explore BDlive (Jul 21 2015)

      THE government and black business want to see a new wave of black economic empowerment (BEE) and are pulling the levers to get it started. But as the pressure ratchets up, the old debates are sure to arise: must firms continuously do new deals to maintain their ownership levels? Is BEE about redress and redistribution or about transformation? And what is the endgame for BEE in the economy? A new assertive phase of BEE kicked off on May 1.

      (Read Full Article)

      Mentions:   Department of Trade and Industry   Transnet   Eskom

    2. Funding not an SME inhibitor – Absa

      Explore Engineering News (Mar 3 2015)

      Funding not an SME inhibitor – Absa

      The failure of one in seven small and medium-sized enterprises (SMEs) within the first year of operation was not a result of a lack of access to funding, asserted Absa South Africa head of business banking Happy Ralinala.

      (Read Full Article)

      Mentions:   Africa   South Africa   Absa

    3. Banking Procurement: It's Time To Think About Value

      Explore Procurement Leaders Network (Feb 18 2015)

      Banking Procurement: It's Time To Think About Value

      I recently wrote on the importance of technological expertise to financial services procurement, both now and in the future, but there’s another big question that needs addressing: what about expertise among the supply base?

      With technology picking up the slack left by an ever-shrinking branch footprint, demand for third-party banking applications as a way of cutting cost and stripping complexity is expected to grow. It’s procurement’s place to consider how these service providers are contributing to organisational value, beyond fiscal metrics.

      (Read Full Article)

      Mentions:   Procurement Leaders Network

    4. Four banking giants vie for Gauteng finance department tender

      Explore Engineering News (Feb 6 2015)

      Four banking giants vie for Gauteng finance department tender

      Four South African banking heavyweights, Standard Bank, First National Bank (FNB), Absa and Nedbank, are contesting for the tender to manage banking transactions of the Gauteng government, with a 2015 budget estimated at more than R90-billion, Gauteng Provincial Treasury (GPT) revealed on Friday.

      (Read Full Article)

      Mentions:   IBM   Africa   Gauteng

    5. Supplier Risk: The Tip Of The Iceberg

      Explore Procurement Leaders Network (Feb 6 2015)

      Supplier Risk: The Tip Of The Iceberg

      The doomed ship Titanic has more in common with your business than you probably realise.

      Both are massive entities, run by people with years of experience, moving full steam ahead, in a sea of risk, assuming that they’ll be able to see and manoeuvre around any danger that might present itself.

       The problem, with both your business and the Titanic, is the unseen danger - the risks below the surface.

       Titanic, as we all know, struck an iceberg, which sliced open the hull beneath the surface of the ocean. If your business isn’t careful, something similar could the same ...

      (Read Full Article)

    6. Innovation in procurement: why and how - World Bank

      Explore World Bank Blogs (Feb 2 2015)

      For governments to carry out their day-to-day functions, procurement -- or their ability to purchase goods and services -- is critical. It is both a service function and a strategic policy tool which can help achieve a broad range of social and economic welfare objectives. It cuts across all areas of public administration and builds on cooperation among multiple public and private stakeholders.

      (Read Full Article)

    7. CPO's Role In Cybersecurity: Simply, Do Procurement Well

      Explore Procurement Leaders Network (Jan 19 2015)

      CPO's Role In Cybersecurity: Simply, Do Procurement Well

      A study by Piper Jaffray revealed that cyber security is now the top spending priority of CIOs. So what’s procurement role in protecting against such attacks on businesses?

      The year 2014 ended with news of a major cyber attack at Sony Pictures. The year 2015 began with news of a cyber attack of the US military Central Command’s social media accounts. The former was almost comical in its repercussions, with the revelations of petty comments about celebrities by their peers.

      (Read Full Article)

    8. CPO Vigilance: The Most Effective Risk Insurance

      Explore Procurement Leaders Network (Dec 8 2014)

      CPO Vigilance: The Most Effective Risk Insurance

      There has been some interesting commentary lately in the business press about the desirability of risk insurance for companies as a protection against losses from a variety of hazards. For example, CFO Magazine recently touted the value of risk insurance. Other business-advisory sources mention buying insurance too as one of several risk-management strategies. Getting a risk-insurance policy is an interesting idea, but it occurs to me that firms already have a form of risk insurance: procurement.

      (Read Full Article)

      Mentions:   Africa   Russia   China

    9. Cabinet approves plan to ensure departments adhere to local procurement policy

      Explore BDlive (Nov 20 2014)

      Cabinet approves plan to ensure departments adhere to local procurement policy

      Cabinet approves implementation of programme to ensure compliance by government departments with policy on procuring goods, services from local suppliers

      (Read Full Article)

      Mentions:   Jeff Radebe

    10. Banking On Solar Powered ATMs in Rural Areas

      Explore allAfrica.com (Nov 16 2014)

      Banking On Solar Powered ATMs in Rural Areas

      If you're in some parts of South Africa, power outages will no longer prevent you from accessing your much needed cash. BusinessTech has reported that ATM Solutions, a company that provides and operates retail ATMs, has installed what it believes to be the first solar powered ATMs in South Africa at a number of sites in Mpumalanga.

      (Read Full Article)

      Mentions:   Africa   South Africa   Nigeria

    11. Banking Innovation: Exorcising Procurement's Demons

      Explore Procurement Leaders Network (Nov 13 2014)

      Banking Innovation: Exorcising Procurement's Demons

      Think of the exorcist: I bet what you come up with is a far cry from the corporate world of suits and boardrooms. But when we talk of a function undergoing somewhat of a transformation, the strange parallels become clear.
      80% of banks now partner with current suppliers for innovation, according to the latest Innovation in Retail Banking study, put together by Efma and Infosys, and the growing presence of start-up partnerships in the supply chain is now well documented.


      (Read Full Article)

      Mentions:   IBM   Infosys

    12. Namibia: Finance Minister Calls On Policies That Encourage Competition and Innovation

      Explore allAfrica.com (Nov 7 2014)

      Namibia: Finance Minister Calls On Policies That Encourage Competition and Innovation

      [New Era]Windhoek -Minister of Finance, Saara Kuugongelwa-Amadhila, yesterday said Namibia needs to ensure that regulatory frameworks and supervisory practices give sufficient space to encourage competition and innovation to promote formal financial sector participation by individuals and small and medium enterprises (SMEs).

      (Read Full Article)

      Mentions:   South Africa   Google   Namibia

    13. Ellerines owes creditors R1.3bn

      Explore fin24.com (Nov 1 2014)

      Ellerines owes creditors R1.3bn

      The former furniture unit of failed lender African Bank Investments [JSE:ABL] says it owes creditors R1.3bn ($117m), nearly half of that to major lenders including FirstRand [JSE:FSR] and Standard Bank [JSE:SBK], documents showed.

      The debt reflects the extent to which Abil's failure in August has rippled across corporate South Africa, knocking credit ratings, investor confidence and even hurting small suppliers such as florists and panel beaters.

      (Read Full Article)

      Mentions:   South Africa   Zambia   Botswana

    14. Hollard’s procurement upheaval pays off | by Kate Ferreira

      Explore MarketSqr Blog (Oct 16 2014)

      Hollard’s procurement upheaval pays off | by Kate Ferreira

      In March 2012, Hollard Insurance hosted a procurement conference with a primary focus on supplier management and cost controls. It was the start of their own reworked procurement strategy (officially launched in April 2012), designed and developed to ensure best service and to curb costs during the insurance claim settlement process. Now, a little over two years down the line, the procurement policy is paying off, says Arie de Ridder, Head of Claims for Hollard Broker Markets.

      (Read Full Article)

      Mentions:   South Africa

    15. South Africa Q2 current account deficit widens to 6.2% of GDP

      Explore Polity.org.za (Sep 9 2014)

      South Africa Q2 current account deficit widens to 6.2% of GDP

      The shortfall on South Africa's current account widened more than expected to 6.2% of GDP in the second quarter of the year from a shortfall of 4.5% previously, hit by prolonged strikes and lower global demand, the central bank said on Tuesday. Economists had expected a 5.45% gap.

      In its latest quarterly bulletin, the South African Reserve Bank (SARB) said declining commodity prices also severely dented the country's export performance in the quarter.

      (Read Full Article)

      Mentions:   India   Asia   South Africa

    16. FSB Head Speaks Out On Corruption

      Explore allAfrica.com (Jul 4 2014)

      FSB Head Speaks Out On Corruption

      The head of the Financial Services Board (FSB), Advocate Dube Tshidi, says they will not tolerate any form of corruption.

      "The FSB, as an organisation, [has] zero tolerance for corruption. We don't condone any corruption at all.

      "... The FSB ... has two distinct functions... one being the mandate given by Parliament, which is the regulatory mandate. The other is the administration leg, such as HR," Tshidi said at a media briefing on Thursday.

      His comments follow the resignation of the Chief Financial Officer (CFO) of the FSB, Dawood Seedat, last month. Seedat resigned after corruption allegations were levelled against him ...

      (Read Full Article)

      Mentions:   Africa   South Africa   Nigeria

    17. Mining strikes continue to weigh on private-sector performance

      Explore Engineering News (Jul 3 2014)

      Mining strikes continue to weigh on private-sector performance

      June data for banking and financial services organisation HSBC’s latest Purchasing Managers’ Index (PMI) for South Africa points to a further deterioration in operating conditions at South African private-sector companies, with the headline PMI falling fractionally from 49.7 in May to 49.5. “The June reading marked the third successive monthly contraction, but the pace of decline remained marginal,” said HSBC in a statement on Thursday.

      (Read Full Article)

      Mentions:   Africa   South Africa   HSBC

    18. Falling copper price may help Eskom keep lights on

      Explore BDlive (Jun 13 2014)

      Falling copper price may help Eskom keep lights on

      Copper cable theft — one of the most common causes of lengthy blackouts — could become less frequent over the next few months, writes Bronwyn Nortje

      (Read Full Article)

      Mentions:   China   Johannesburg

    19. World Bank cuts SA’s 2014 growth outlook to 2%

      Explore BDlive (Jun 11 2014)

      World Bank cuts SA’s 2014 growth outlook to 2%

      THE World Bank has joined other institutions that are revising downwards their 2014 economic growth forecasts for South Africa as strikes, higher interest rates, rising inflation and weak demand weigh.

      South Africa’s economy contracted by 0.6% in the first quarter of 2014.  In its latest global economic prospects report, the bank cut South Africa’s economic growth forecast for 2014 to 2% from an earlier forecast of 2.7%.

      The bank also downwardly revised its economic growth forecast for 2015 to 3% from 3.4% previously, and left its outlook for 2016 unchanged at 3.5%.

      (Read Full Article)

      Mentions:   South Africa   World Bank   Angola

    20. People – Money – Data = Innovation

      Explore 15inno by Stefan Lindegaard (May 14 2014)

      Those are the key ingredients for innovation in the financial services industry according to Rick Smyers, VP for Accelerated Innovation at Fidelity Investments.

      Smyers was giving a talk at the Front End of Innovation conference, where I asked him about his views on the differences and similarities between the financials services industry and other industries such as cars, medtech and fast-moving-consumer-goods.

      (Read Full Article)

    21. Banks to miss deadline to upgrade ATMs

      Explore iol.co.za (Mar 18 2014)

      Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for ATMs and face additional costs to Microsoft to keep them secure.

      The US software company first warned that it was planning to end support for Windows XP in 2007, but only a third of the world’s 2.2 million ATMs that use the system will have been upgraded to a new platform, such as Windows 7, by the deadline next month, according to NCR, one of the biggest ATM makers.

      (Read Full Article)

      Mentions:   Reuters   Microsoft   Britain

    22. Grindrod to raise capital for R10bn infrastructure project pipeline

      Explore Engineering News (Feb 27 2014)

      Freight and logistics service provider Grindrod had a R10-billion project pipeline planned for sub-Saharan Africa, said Grindrod CEO Alan Olivier on Thursday. He told Engineering News Online that the capital expenditure for some of these projects had already been approved by the Grindrod board – R1.6-billion from 2014 to 2016.

      The remaining projects were in various stages of development, and, for example, had either already been costed, or were awaiting regulatory approval or commitment from customers, said Olivier.

      All the projects were aimed at creating new or replacement infrastructure in sub-Saharan Africa, allowing Grindrod to better service trade flows on ...

      (Read Full Article)

      Mentions:   Africa   Johannesburg   Transnet

    23. SA banks maintain appetite for renewable energy projects

      Explore Polity.org.za (Feb 11 2014)

      SA banks maintain appetite for renewable energy projects

      South Africa has enough liquidity to finance the next round of renewable-energy projects, with local banks maintaining their appetite in the emerging industry, a panel said at the Solarplaza conference, held in Sandton on Tuesday.

      The panel, which comprised Standard Bank investment banking senior manager for power and infrastructure Bhavtik Vallabhjee, Vantage GreenX Fund MD Alastair Campbell and Fieldstone Private Capital Group MD Jonathan Berman, noted that, in terms of the nation’s energy needs, the four big banks were well positioned to finance long-term, large-scale projects.

      South Africa’s portfolio of the Department of Energy-led Renewable Energy Independent Power ...

      (Read Full Article)

      Mentions:   South Africa   Absa

    24. Standard Bank, Massmart set up R20m assistance facility for BEE contractors

      Explore Engineering News (Jan 22 2014)

      Standard Bank, Massmart set up R20m assistance facility for BEE contractors

      Standard Bank has joined forces with construction materials group Massbuild to provide a R20-million credit facility for select black economic-empowerment (BEE) building contractors, aimed at enabling them to establish sustainable businesses and improve their ability to deliver as preferred suppliers to government.

      (Read Full Article)

    1-24 of 81 // 1 2 3 4 »