The South African Reserve Bank (SARB) says while it has taken note of rating agency Moody’s decision to downgrade Capitec Bank Limited, it does not agree with the decision. Two reasons were given for the rating action: a lower likelihood of sovereign systemic support...
The South African Reserve Bank (SARB) has fined the country’s big four banks R125 million collectively, it said on Wednesday. “In terms of the Financial Intelligence Centre Act (FICA), the SARB is mandated to supervise and enforce banks’ compliance with FICA to ensure...
