A week of heightened protests has ended and the ANC Cadre are holding the fort, for now. Their confidence masks the growing dissension from all sides, including members of its own party, eventually pressure will come to bear.
Fitch followed S&P in downgrading SA, but again the reaction was relatively muted. Clearly the market had been preparing for this eventuality. Of more concern is that som... ››› more
With the growth of the Internet over the past decade or so, we conduct so much of our lives online.
Many of our online activities involve money. Think about banking. You don't need to receive a statement via post, you can view it online. You don't need to visit the bank to transfer money, you can do it online.
But with this revolution comes the risk of losing your money to scammers. While th... ››› more
Yesterday, Capitec Bank Holdings released its unaudited results for the six months to the end of August.
The bank, which boosts the lowest customer fees and charges, is gaining traction in South Africa's consumer banking sector.
Capitec's results show it's attracting new customers and its earnings are reflecting this rise.
Let's take a closer look…
Capitec grows earnings 25%
Ca... ››› more
History is being written as you speak!
We had a very nerve wracking weekend, with the chaos going on in Europe.
The people of Greece voted in a referendum to determine whether they want to accept the current bailout offer (Yes -ναι - NAI) and implement austerity measures, or to say NO (οχι - Oxi).
Well the referendum showed 61.31% of the Greeks saying NO to austerity. And 38.69% of ... ››› more
Earlier today, Capitec Bank Holdings released its results for the full-year to the end of February.
The bank revealed strong growth in earnings over the year, with rising income from transaction fees being a major contributor.
This has led the company's share price sharply higher today.
Let's take a closer look at what Capitec's results revealed…
Capitec grew its earnings 27%
C... ››› more
In September, with the launch of the new iPhone 6 came the launch of Apple Pay. This isn't the first mobile payment system, but it has the potential to derail much of the banking sector.
So why is the banking sector fearing mobile payments systems? What could it do to the banking industry? And what could it mean for your banking shares?
Let's take a closer look…
The effect of mobile ... ››› more
Think about how you bank these days compared to a few years ago. Chances are you opt for internet banking, and use your phone and tablet for much of your online activity.
It appears we're now on the cusp of an even bigger change. Instead of using these devices to send payment instructions and look at your bank accounts, they can become means of payments themselves.
This development could hav... ››› more
It's been a rocky few weeks for the banking sector.
After African Bank revealed huge losses and the need of a multibillion rand capital injection, the rest of the banking sector has felt the backlash.
Following the events with African Bank, ratings agency Moody's decided to downgrade five of South Africa's banks.
So what does this mean for you?
Let's take a closer look…
Moody... ››› more
The global banking world can be an intimidating and confusing place. I mean when analysts start talking about quantitative easing, carry trade, sovereign debt and budget deficits, most people just hear blah blah blah…
That's why today I thought I'd share with you the ideas of two Morgan Stanley analysts who've managed to simplify the world of global finance using a cycling race.
That's rig... ››› more
Earlier today, Barclays Africa released its results for the six months to the end of June. The bank revealed a steady rise in earnings.
Growth from Barclays Africa's African entities is strong.
This is the first set of results that Barclays Africa's has released since taking over many of its parent company's, Barclays, African operations.
Let's take a closer look at what the results reve... ››› more
When the financial crisis first hit in 2008, there seemed to be a steady stream of banks and countries queuing up for bailouts. But until yesterday, so far this year news on this front has been quiet.
Yesterday, it emerged that one of the biggest banks in Portugal may have defaulted on a loan. The news sent shockwaves across the world's markets, pulling them lower…
Shares in one of Portuga... ››› more
When you invest in banks, you have to take into account that banks carry high levels of debt. And carrying too much debt can make them very risky. You want a bank to generate a good return, but not at the expense of carrying a massive amount of debt. So what's the best way to weigh this up? Let's take a closer look at how you can weigh up a bank's debt…
Examining a bank’s debt
A good measu... ››› more
Weighing up banking shares to invest in is anything but easy. They're a tricky bunch to evaluate.
The financial crisis of 2008 showed just how risky banking can be. And they aren't always the most transparent of companies to look at.
The risk comes from the high level of debt banks carry. Let's take a closer look…
Have you thought about where a bank gets money from?
When you deposit m... ››› more
For years since the financial crisis, investors have been weary of the big banks of the world. And not without reason… All you have to do is consider the massive collapse we saw from the likes of Lehman Brothers.
But according to retired banking insider, Hans-Joerg Rudloff, former chairman of Barclays Capital, the banks are about to enter a “golden decade”.
And if you invest today, you... ››› more
Yesterday, Standard Bank announced that France's largest bank, BNP Paribas, will buy the credit provider venture it has with Foschini. The deal is worth around R2.65 billion. The move see's BNP Paribas strengthen its presence in South Africa. Let's take a closer look at the deal…
Why would a tiny South African stock in the tech sector to ... ››› more
Earlier today, Nedbank released its full-year results to the end of December. These were better than forecast, with earnings beating expectations. Shares in Nedbank responded well to the results. Let's take a closer look at what Nedbank's results revealed…
In its results, Nedbank reported growth in “diluted headline earnings per share (HEPS) by 15%,” reports BDLive. They came in at 1,829c,... ››› more
Yesterday, African Bank issued a Swiss franc bond worth 175 million Swiss francs (R2.15 billion). The news sent shares in the bank soaring as investors greeted the news well. Let's take a closer look at why it had such a positive impact on the bank's share price…
African Bank (ABIL) “issued a senior unsecured bond worth 175 million Swiss francs” yesterday, reports Fin24. The market took th... ››› more
Earlier today, Barclays Africa released its full-year results to the end of December. A drop in impairments boosted the bank's full-year's earnings. Shares in Barclays Africa rose on release of the results. Let's take a closer look at what the results revealed…
This morning, Barclays Africa Group reported “an expected 14% rise in full-year earnings,” reports IOL. This was mostly down to a ... ››› more
Earlier today, African Bank Investments (Abil) released a trading update covering its first quarter to the end of December. The update warned that the lender expects a large fall in profits over the first half of its financial year. The share dropped on the news. Let's take a closer look at what the update revealed…
The “largest provider of unsecured loans” in SA, Abil, said that over its ... ››› more
At the end of November 2013, I told you, you had an 80% chance of making money in December.
Click here to read the article.
I based this on what’s often called the Christmas Rally and I gave you three reasons for what causes this run. I showed you how the market had gone up eight out of the previous ten Decembers; and if you wanted to enjoy an 80% chance of making money, you needed to buy i... ››› more
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