HSBC and Citi on board for Egypt’s first Islamic bonds

The indebted nation wants to diversify funding sources to ease the burden on its economy

9 hours ago
Old Mutual looks at profit and sees more than double

Group forecasts annual earnings of between R6.52bn and R7.03bn as easing of lockdown restrictions boosted productivity across its operations

Goldman ex-banker met Najib Razak before bond deals for 1MDB fund, court hears

Star witness testifies that Lloyd Blankfein met the then-Malaysian prime minister in 2009, and the meeting came with an agenda

HSBC takes $450m impairment charge on China property

The charge is a blemish on strong fourth-quarter results and plan to buy back $1bn of shares

Capitec shareholders approve revised staff B-BBEE transaction

Owners of more than 82% of the total number of shares in issue vote in favour of the deal

Sasfin appoints Craig Pheiffer as chief investment strategist

Pheiffer returns to wealth manager after 15 years as markets brace for less accommodative monetary policy

3Sixty Life saga gets murkier with CV change

BDO says it ‘regrets’ misrepresentation of qualifications in 3Sixty Life curatorship saga

Old Mutual pleads innocent in R1.2bn lawsuit over transfers in Fidentia scandal

Court hears Old Mutual Unit Trust management failed to protect rights of beneficiaries — including mineworkers’ widows and orphans

Momentum Metropolitan expects first-half profit to rebound as pandemic eases

Mortality rates have come down steadily in line with vaccination coverage in SA, giving insurance companies a breathing space

Credit Suisse data leak claims Swiss bank handled tainted money

Largest leak from a major Swiss bank shows clients involved in human rights abuses, corruption and drug trafficking

Deutsche Bank warns staff against deleting WhatsApp messages

Deleting business-related communications going through private channels could be considered a crime

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Capitec shares little changed after bank flags almost 90% profit surge

Headline earnings per share will rise as much as 88% in the year to February 28, banking group says

Santam says headline earnings may triple as it recovers from tough 2020

Heps may rise by as much as 203% in the insurance group’s 2021 year, as it bounces back from the effects of Covid-19

Discovery flags profit growth as client retention beats expectations

New business trends in the UK and SA continue to improve, while provisions are expected to be sufficient for a fifth wave of Covid-19

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.