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Lesotho wool farmers accuse Standard Bank of helping broker defraud them
Both the farmers and broker Maseru Dawning are clients of Standard Lesotho Bank, and photos and videos of long queues of people waiting to receive their money from the broker through the bank have gone viral.
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South Africa's complaints about banks laid bare
The Ombudsman for Banking Services has released its Annual Report on operations for 2018.
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Banking union Sasbo 'worried' about digitisation of industry
The union has encouraged employees who are facing retrenchments at several banks to consider using their severance packages and other payouts to fund start-ups.
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Sasbo urges retrenched banking sector staff to consider funding start-ups
This week Standard Bank announced 1,200 jobs could be on the line as it begins to streamline its retail business with plans to close 91 branches across the country over the next few months.
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Digitisation leads Standard Bank to close branches, cut jobs
The future of traditional banking in South Africa is under the spotlight after Standard Bank announced it's closing 91 branches and cutting around 1,200 jobs.
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Question marks over future of traditional banking after Standard Bank jobs bomb
Labour economist Andrew Levy says the impact of technology on banks and a change in the fundamental business structure has now led to jobs being lost.
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Standard Bank to cut around 1,200 jobs, close 91 branches in SA
Job cuts are sensitive in SA, where unemployment stands at 27%, and the bank’s announcement comes on the back of plans to cut 526 jobs announced in November.
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Standard Bank details suspicious Gupta transactions
Ian Sinton took the stand at the state capture commission of inquiry on Tuesday and explained taht Standard Bank’s decision to cut ties and the risks it identified.
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Standard Bank to testify at Zondo Commission about suspicious SOE transactions
The commisison’s legal team announced on Wednesday that the bank’s Ian Sinton will testify about its role early next month.
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Digital newcomers out to disrupt South African banking
It will be first time the $30 billion industry has faced competition since the early 2000s, when Capitec Bank muscled into a sector dominated by Absa, FirstRand , Nedbank and Standard Bank.
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Standard Bank to lay off over 500 workers
Africa’s largest bank by assets, which has more than 54,000 employees in Africa, said not all the workers affected by the restructuring might be retrenched.
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Standard Bank says Nigeria may review penalty in MTN funds repatriation
Stanbic IBTC Bank is one of four banks that the Central Bank of Nigeria (CBN) accused of helping MTN to illegally repatriate $8.1 billion.
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Absa, FNB to appear before state capture inquiry over Gupta accounts
On Monday, a Standard Bank official testified and alleged two Cabinet ministers tried to convince the institution to risk non-compliance and keep the Gupta accounts open.
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Standard Bank CEO upset by ANC questions on Gupta account closures, inquiry told
Other banks are preparing to testify this week before the state capture inquiry on their decision to cut ties with the family and its various business interests.
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ANC yet to respond to Standard Bank's claims at state capture inquiry
Standard Bank’s Ian Sinton told the commission how senior ANC members and two ministers tried to pressure the bank to keep the Gupta-linked accounts open.
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'Oakbay tried to convince Std Bank that Guptas' accounts shouldn't be closed'
Ian Sinton testified at the state capture commission of inquiry on Monday about Standard Bank's decision to cut ties with all Gupta-linked entities.
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[WATCH] Standard Bank testifies at state capture inquiry
EWN's Gia Nicolaides breaks down the latest from the state capture inquiry.
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'Killing of security guard a senseless crime'
Police have confirmed the man was shot dead when security guards responded to an armed robbery on Baker Street.
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How booming Beira is readying to become one of Mozambique's commercial capitals
Bruce Whitfield interviews Africa Connected host Lee Kasumba, who recaps her adventure in Mozambique’s port city Beira.
