Garth Theunissen
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Past articles by Garth:
Old Mutual guns for Capitec with mass-market bank plan
The insurance and investment group plans to launch a digitally focused mass-market bank to rival Capitec by the end of 2024 → Read More
Old Mutual to top up R3.7bn dividend payout with share buyback
The insurance and investment group earmarks R1bn-R1.5bn for the plan that still needs a regulatory nod → Read More
Standard Bank asks: where’s the evidence of forex rigging?
Africa’s biggest lender says its own investigation shows it did nothing wrong and wants the Competition Commission to hand over evidence → Read More
Grid collapse would unleash ‘Armageddon’, warns Sim Tshabalala
Standard Bank CEO says the lender's scenario planning shows that while a collapse of SA's power grid is possible the probability is low → Read More
Standard Bank ups dividend on record headline earnings
Africa’s biggest lender declared a final dividend of 691c per share after headline earnings rose to a record R34.2bn in its 2022 financial year → Read More
Standard Bank pays highest dividend in its 161-year history
Headline earnings rose to a record R34.2bn in its 2022 financial year, prompting a payout of 691c per share → Read More
Sanlam to take a breather after acquisition spree
CEO Paul Hanratty says group will focus on integrating businesses it acquired in recent years → Read More
JSE prepping for possible grid collapse
CEO Leila Fourie says the JSE is preparing back up power and engaging with regulators should a grid failure restricts access to its trading engine → Read More
JSE has back-ups in place if grid collapses
CEO Leila Fourie says the JSE is preparing back-up power and engaging with regulators should a grid failure restricts access to its trading engine → Read More
Cash-flush JSE distributes R668m to shareholders
The JSE remains profitable despite a raft of delistings in recent years and has announced a dividend of 769 cents per share in its 2022 results → Read More
Low growth worries Momentum Metropolitan CEO
New business volume falls almost a fifth but half-year headline earnings leap → Read More
Nedbank announces R5bn share buyback and record dividend
The lender plans to repurchase equity from shareholders holding less than 100 ordinary Nedbank shares over the next 12 months → Read More
Luno to retrench 35% of staff as ‘crypto winter’ drags on
The crypto platform will have a staff complement of about 700 globally after the job cuts → Read More
Godongwana too optimistic on greylisting prognosis, warn critics
Finance minister’s prediction that SA will escape Financial Action Task Force’s greylist by mid-2024 is unrealistic, says FirstRand CEO Alan Pullinger → Read More
SA’s escape from greylist expected to take years
Finance minister’s prediction that SA will escape Financial Action Task Force’s greylist by mid-2024 is unrealistic, says FirstRand CEO Alan Pullinger → Read More
Numsa-linked 3Sixty Life gets a new curator after lengthy legal saga
Fagmeedah Petersen-Cook has been appointed as the final curator of the Numsa-linked underwriter after 14-months of legal wrangling → Read More
SA’s Russia dalliance poses ‘catastrophic risk’, says FirstRand CEO
Western countries could begin to argue that to weaken SA is to weaken Moscow too, Alan Pullinger warns → Read More
FirstRand lifts interim dividend as return on equity hits 21.8%
CEO Alan Pullinger says results are proof of size and quality of group’s transactional and deposit franchises → Read More
FirstRand ups interim dividend as ROE hits 21.8%
The group’s return on equity is now firmly positioned at the top end of its stated range of 18%-22% → Read More
Glacier by Sanlam completes buyout of Alexforbes unit
All conditions for the transaction, which becomes effective from March 1, have been fulfilled → Read More