The South African Reserve Bank statement on counterfeit notes:
“The South African Reserve Bank (the “Bank”) has noted with concern that relatively high quality counterfeit notes of the old series, that does not have the security features as listed below, have illegally come into circulation. This matter is currently under investigation.
We also advise that the Bank, together with the commercial banks, is withdrawing all old series R200 banknotes that remain in circulation. Members of the public are requested to present these banknotes for exchange at the nearest commercial bank by the …

Gabriel Davel, CEO of the National Credit Regulator, said today that nearly half (45.3%) of the 18.07 million credit-active, consumers on record are struggling to meet their debt obligations. Further analysis shows the growth in the number of accounts falling within the three plus months’ arrears category has risen by just over half a million accounts to 10.16 million in the quarter ended December 2009. It does appear that the rate at which consumers are falling into the impaired record category is slowing.
The number of consumers with impaired records is still increasing, with an increase …

Moneyweb reports that:
ABSA agreed to lend an 81-year-old client R350 000 to help his daughter’s business. Group, the South African bank controlled by Barclays Plc, said it may appeal a charge of “reckless lending” handed down by the Port Elizabeth Magistrate’s Court.
About 20 months ago, ABSA agreed to lend an unidentified 81-year-old client R350 000 to help his daughter’s business, Louis von Zeuner, deputy chief executive of the bank, said. The daughter stood surety and was a guarantor on the loan, he said.
“Now it appears her business didn’t do what was …

Moneyweb reports that:
ABSA agreed to lend an 81-year-old client R350 000 to help his daughter’s business. Group, the South African bank controlled by Barclays Plc, said it may appeal a charge of “reckless lending” handed down by the Port Elizabeth Magistrate’s Court.
About 20 months ago, ABSA agreed to lend an unidentified 81-year-old client R350 000 to help his daughter’s business, Louis von Zeuner, deputy chief executive of the bank, said. The daughter stood surety and was a guarantor on the loan, he said.
“Now it appears her business didn’t do what was …