Reserve bank keeps repo rate unchanged

The Reserve Bank's Monetary Policy Committee [MPC] has kept the repo rate unchanged at 5% as expected by the market. 23 May 2013 17:11

Uniform pay for public service workers

The Public Administration Management Bill - which will set uniform standards for all three spheres of government - will allow Public Service and Administration Minister Lindiwe Sisulu to address "unjustifiable disparities" in the level of pay given to municipal employees relative to those in national and provincial government. 23 May 2013 10:37

More than 9 000 insurance claims disputed

The Office of the Ombudsman for Short-Term Insurance received 9‚123 complaints against insurers in 2012‚ an increase of 1.7% over 2011‚ according to the watchdog's latest annual report. 23 May 2013 10:14

I reckon Michael Jordaan's scared of flying

[Paddy Hartdegen] Maybe, at 46, he's just read Erica Jong's "Fear of Flying" and decided that what she says is true: So he's changing his life quitting First National Bank (FNB) and exploring new, more exciting and more rewarding challenges. 23 May 2013 09:55

Cars sales - dealers' confidence falls

[Alexander Parker] Vehicle dealers' confidence dipped in the second quarter‚ WesBank's quarterly vehicle sales confidence indicator showed on Wednesday (22 May). 23 May 2013 09:01

Mr Price pays dividend of 398c a share

Retailer Mr Price on Wednesday (22 May) reported a 26% rise in diluted headline earnings per share to 584.8c - up from 464.5c in the previous year - for the 52 weeks ending in March. 23 May 2013 08:02

Michael Jordaan steps down as CEO of FNB

NEWSWATCH: CEO of First National Bank, Michael Jordaan, tweeted earlier today announcing his resignation: "After 10 years at the helm of FNB, I will step down at the end of 2013. Thanks for all your support." Jacques Celliers, currently the FNB Business Banking CEO, is expected to take the reins as of next year. 22 May 2013 11:06

Tills could replace ATMs

The challenge in South Africa is how to convert mobile money to cash and vice versa, as the mobile money transfer solutions expand the mobile banking market. 22 May 2013 10:26

Catholic church supports e-toll protest

The Opposition to Urban Tolling Alliance (Outa) has applauded the Catholic church's stance against the e-tolling of Gauteng highways. 22 May 2013 08:14

Cape Town wins Winelands court battle

A South African court on Tuesday (21 May) froze plans to charge motorists using two roads from Cape Town to the country's scenic winelands 22 May 2013 08:05

MTN offers brand value for shareholders

MTN was ranked 79th in the annual Millward-Brown Brandz Top 100 Most Valuable Global Brands survey released on Tuesday (21 May)‚ with its brand valued at US$11.4bn 22 May 2013 07:43

SAX says it might make money this year

[Nicky Smith] State-owned regional carrier South African Express (SAX), which has made headlines over the past two years because of its chaotic finances, expects to break even this year after losing R187m in 2010 - the last audited accounts the troubled airline has been able to publish. 21 May 2013 11:16

MMI licence changes approved

The High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings. 21 May 2013 11:02