Adelaide Changole

Lower-than-expected growth forecasts are fuelling concerns over profitability, capital flexibility and the bank's turnaround strategy.

Heat waves are baking famous sports grounds.

Kenya’s biggest lenders are saddled with a stubborn asset-quality bottleneck: a mountain of state arrears that is chocking private-sector liquidity and keeping bad loans high, even as overall banking conditions improve.

A raft of new corporate taxes that could erode banks’ profitability is testing Mauritius’s long-standing status as a low-tax gateway for cross-border capital, according to Moody’s Ratings.

More than half of South African workers are turning to sports betting and online gambling to plug budget shortfalls and to pay off existing debt, a survey showed.

SA workers turn to gambling to pay debt, study finds Risk worsening household finances and trapping themselves in deeper debt.

FSCA issues record fines in crackdown As it sought to deter misconduct and boost trust in the industry. By Adelaide Changole, Bloomberg

South Africa’s finance regulator imposed record penalties as it sought to deter misconduct and boost trust in the industry.

Nedbank first-half profit edges higher Dividend trails estimate. By Adelaide Changole, Bloomberg · R276.77

Standard Bank Group Ltd. said first-half profit rose to a record as Africa’s biggest bank by assets navigated the inflationary and monetary-policy effects of the war in the Middle East that’s weighed on its clients’ confidence.