Tag: Banking Association of South Africa

S.Africa’s banks mull how to avoid loan defaults when virus relief ends

JOHANNESBURG (Reuters) - South African banks are looking at options ranging from debt consolidation to new ways of leveraging equity to avoid defaults when coronavirus-related debt relief measures end, industry...

FSCA publishes conduct standards for banks

The Financial Sector Conduct Authority has published the Conduct Standard for Banks, which aims to regulate and supervise banking institutions, and to promote the treatment of financial customers. Having successfully undergone the Parliamentary process, the Conduct Standard has been made final. Joining CNBC Africa for this discussion is Kedibone Dikokwe, Divisional Executive, Conduct of Business Supervision at the Financial Services Conduct Authority and Adri Grobler, Manager, Legislation & Regulatory Oversight in the Market Conduct Division at the Banking Association of South Africa.

History chooses its people, says Basa’s new CEO Bongiwe Kunene

“History chooses its people.” You don’t need too much insight to get the context of these words from a woman with arguably one of the toughest jobs in South African business. Bongiwe Kunene is the new head of the Banking Association of South Africa – replacing veteran Cas Coovadia. She is walking straight into a banking world dogged by junk status, poor growth and COVID-19.

BASA’s Cas Coovadia gives a thumbs up to Ramaphosa’s cabinet announcement

Managing director for the Banking Association of South Africa (BASA) Cas Coovadia give his views on president Ramaphosa’s cabinet announcement.

Did fimin Mboweni do enough to avoid ratings downgrade?

Under the circumstances, Cas Coovadia, Managing Director of the Banking Association of South Africa, was happy with the Budget Speech today. He told CNBC Africa’s Fifi Peters it was important to put conditions for the utilisation of funds for SEOs, and to make public the details of the Presidential Task Team’s recommendations and how Eskom will be broken up into three, and how the funding will be linked to that. He also gave his opinion of the Budget as a whole and a potential ratings downgrade.

A new dawn for the banking sector – Cas Coovadia

A new dawn for the banking sector - Cas Coovadia

Pravin Gordhan loses court case on Gupta banks case

Pravin Gordhan loses court case on Gupta banks case

S&P downgrades seven South African banks

On April 3, 2017, S&P Global Ratings lowered its foreign currency ratings on South Africa to 'BB+/B' from 'BBB-/A-3'. The outlook is negative. We also lowered our national scale rating on South...