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Digital Banking help. Dormant accounts for 2. Accounts closure. New cheque limits effective January Corporate and Investment Banking. Operating profit before tax increases by Total assets end the year at R4. Our recovery however continues slowly as the value of loans advanced increases by Gross consumer loans and advances increase by The major companies involved at the time were the listed entities, First National Bank Holdings of Southern Africa Limited FNBH and the Southern Life Association Limited Southern Life , which were controlled by AAC and Momentum Life Assurers Limited Momentum , the holding company of Discovery Health Limited and Rand Merchant Bank Limited which was controlled by RMBH.

In terms of the scheme of arrangement, Southern Life and FNBH shareholders received Momentum shares in exchange for every shares held. In addition, Momentum raised R5,1 billion by way of a rights issue in terms of which ,7 million shares were issued at a price of cents per share.

The purpose of the rights issue was to facilitate the elimination of cross-holdings which existed between Southern Life and FNBH. A day later a similar listing occurred on the Namibia Stock Exchange. Remgro exchanged a portion of their newly acquired FirstRand shares for shares in RMB Holdings. In addition, the BEE partners have excellent reputations, successful track records and long standing relations with FirstRand and with each other.

Synergy currently has a market capitalisation of approximately R1, million comprising of A and B linked units. The current portfolio is rooted in the commuter bus and luxury coach segments. Through its principal subsidiary Golden Arrow Bus Services, with over years of proven operational expertise, the Company aims to harness the combined institutional knowledge and skills sets to pursue further prospects in bus and coach operations and potential entrées into freight, rail and logistics operations.

Acquired Refloated and re-equipped she began trading to Port St Johns and East London carrying sugar, oil, timber, hides and wool and occasionally livestock.

Their company, The SS Frontier Co. was the predecessor of the founding company of Unicorn Shipping and the Grindrod Group. Purchasing her for £9 under the name African Coasters Pty Ltd, he renamed the ton ship 'Cecile Mapleson', his wife's maiden name, and with Grindrod and Co as ships agents began trading between Durban and Lourenço Marques now Maputo.

and as such became a very active protagonist of the coasting industry, an interest that was amplified in when he became an alternate director on the board of SS Frontier Company. Within three years they had consolidated the operations of the SS Frontier Company and African Coasters. In his job he learnt the trade from the wharf side, becoming involved in the hiring of personnel, stevedoring, and general ships husbandry.

He also took every opportunity to study the operation of the ships at sea, which gave him a personal grasp of the trade and an affinity with the people abroad. Indeed, it was the team that he led that secured funding from Union Corporation, thus paving the way for the modernization of the fleet, the subsequent merger with Smith's Coasters to form Unicorn Shipping Lines and the acquisition of Thesen's Steamship Company from Safmarine.

The Unicorn brand has since been synonymous with local shipping for nearly forty years. It was Ivan Clark and Alan Olivier who travelled to Athens to negotiate successfully for the purchase of Safmarine's 40 percent shareholding in Unicorn.

Grindrod Group now had full control and became the leading and only ship owner fully South African in South Africa. However in rapid succession the company, now Grindrod Limited, acquired several key companies that expanded the Group range of activities and enabled it to control a large part of the South African Ship's Agency sector.

The purchase of Island View Shipping in gave the group a major ship broking division and brought a new dimension in shipping with Capesize and Panamax vessels on charter to complement its traditional business in the Handysize bulk market. The Group has introduced international and local partners, some of which have been black empowerment initiatives.

The Group, through its subsidiaries, see all the brand names on the left of the page is one of the largest users of South African ports. GPI provided an additional R13million to Akhona GPI so that it could exercise the balance of its pre-emptive rights through a second round offer. The offer made and accepted is currently subject to certain regulatory conditions. In , Harmony was recreated as a separate entity following the winding up of Randgold. The group received additional mining rights in the Free State, Mpumalanga, Gauteng and North West province in South Africa when it acquired Lyndex in , Evander in , Kalgold in , Randfontein in , ARMgold in and Avgold in All are wholly-owned, direct subsidiaries incorporated in South Africa.

He started his own business in Johannesburg in , five years after the discovery of gold on the Witwatersrand. He was personally responsible for specifying and organising the supply of equipment for the erection of many electrical and mechanical engineering plants in the various towns and mines of the southern African region.

By the turn of the century the business had become a major supplier of expertise and equipment to customers in mining and mining support industries, town services, construction and power generation on the gold-rich Witwatersrand and further afield.

The business was converted into a private company in , allowing senior managers to become shareholders and directors. The founder continued to run the company until his death in at the age of The company continued to grow in size and diversity and in September Hubert Davies and Company Limited listed on the Johannesburg Stock Exchange. In the early part of the century the building housing the headquarters of the business was named Hudaco House — the first known use of the name Hudaco.

In it became a wholly owned subsidiary and delisted from the stock exchange. In a strategic decision was made to specialise by product and activity in order to provide better customer service and achieve improved market penetration.

On 14 November Hudaco Industries Limited listed on the Johannesburg Stock Exchange at a subscription price of R1,50 per share with a market capitalisation of R29 million.

Since then the group has made several large acquisitions, including listed companies Frencorp, Valard and Elsec, but has stayed faithful to its roots as an industrial product distribution business. The group now employs over 2 people and has a market capitalisation of about R3 billion. Its shareholders include many blue-chip players in the retirement investment industry.

During and after World War II, demand for semi-fabricated aluminium had grown to the point where a first aluminium rolling mill was justified and was opened in , on the current Pietermaritzburg site.

It was subsequently listed on the Johannesburg Securities Exchange as Alcan Aluminium of South Africa in In the Huletts Corporation acquired a controlling interest from Alcan, and changed its name to Huletts Aluminium.

The Huletts Corporation merged with The Tongaat Group in to form Tongaat Hulett, and in the name of the company was changed to Hulett Aluminium Pty Limited.

The Company was reconstructed in as Wankie Colliery Company Limited. The Company changed its name in November to Hwange Colliery Company Limited. Today the re-christened Hwange Colliery Company Limited employs over 3 people of diverse skills.

Its mining operations are domicilled in the western part of the country, at Hwange. The registered office and the marketing function are in the capital city, Harare, and a marketing and liaison office in Bulawayo. These operate from Company owned premises. Since inception in the company has honed its specialist focus on premium regional and super-regional shopping centres.

With a proven track record of consistent growth in distributions, Hyprop has been continually ranked as one of the top-performing listed property funds in the country.

Transactions currently underway will increase the portfolio to over R4bn with about 9 residential units. The first blast was on 3 June and, in November , a lease covering 27, acres predominantly owned by the Bafokeng Tribe — now the Royal Bafokeng Nation was granted for what was to become Impala Platinum, the flagship operation of the Implats group. Production here began ahead of schedule in July and for the first 12 years only the Merensky Reef was mined.

Legislation throughout the world soon followed suit, thus opening up an enormous market for platinum for use in autocatalytic converters which reduce vehicle emissions. By mid, Impala was negotiating long-term supply contracts with major US motor manufacturers, General Motors and Chrysler. Soon, Impala had a contract with General Motors to supply up to , ounces of platinum and , ounces of palladium annually for the period from to This culminated in riots, go-slows, underground sit-ins, faction fighting and arson, from which Implats was not immune.

A major review of the company's industrial relations policy was undertaken in order to build a relationship of trust between Impala and the major union, the National Union of Mineworkers NUM. It was also during this decade that mining of the UG2 reef began.

In , Implats acquired an effective interest in Western Platinum and Eastern Platinum collectively Lonplats. In , agreement was reached on a full merger with Lonplats although this was subsequently blocked by the European Union. It also acquired strategic stakes in Zimbabwean operations, Zimplats and Mimosa, and entered into a joint venture with the then Avmin group to develop the Two Rivers Platinum project.

The stakes in Barplats and Lonplats were sold. Implats finalised a deal with the Royal Bafokeng Holdings Pty Limited RBH in terms of which Impala Platinum agreed to pay the Royal Bafokeng Nation RBN all future royalties due to them, thus effectively discharging any further obligation to pay royalties.

In turn the RBN subscribed for This objective was subsequently reviewed following the global economic crisis in , and the group is currently targeting 2. The ramp up to full production at Marula, the expansion at Zimplats, and further growth in the toll refining and recycling businesses will position the group for further production growth. In , the group recorded production of 1. Regional offices were opened in Durban and Cape Town.

Investec retains a based in Geneva and Theodores Trust and Law Group based in Jersey. to ABN Amro Lease Holding N. Listings on the Namibian and Botswana Stock Exchanges followed. Investec Securities Botswana Pty Limited was registered and a licence to trade was approved. Investec Bank Limited was renamed Investec Group Limited and Investec Merchant Bank Limited was renamed Investec Bank Limited. This was then integrated with other trading activities to form Investec Securities Limited.

and became an active member of the JSE. This alliance resulted in an increase in the capital and extension of the range of financial products and services of both groups. This listing placed control of the Group in the hands of Investec management and staff.

This added portfolio management, a participating mortgage bond scheme and an in-house unit trust to the range of products and services offered by Investec. This enables it to expand its activities beyond leasing and installment finance into such areas as corporate and professional banking, treasury, corporate finance and project finance. Regional offices are opened in Durban and Cape Town and a network of international contacts is established. In , the operation was moved to its current premises in Wadeville.

The Wadeville premises, which comprises approximately 9 m2 of offices and warehousing facilities are wholly-owned by Insimbi Properties. The first phase MBO received financial backing from Corfin, Corvest, and Tandem in the form of the sale shares, preference shares, Corvest claims, loan agreement and Tandem claims.

Future Alloys manufactures aluminium alloys with its primary focus being on the production of the ADC12 grade of alloy. The business complements that of Insimbi Alloy Supplies and its smelting plant currently has excess capacity. The transaction enables Insimbi to expand its footprint and strengthen its markets throughout the country.

Shares acquired in terms of the restructure were distributed to the shareholders to hold investments in two clearly focused listed companies. In , the company transferred its listing from the Building and Construction sector to the Stores sector of the Johannesburg Stock Exchange, to align the listing with the group's core business activity.

In Italtile established an international presence, with the company's expansion into Australia. Jubilee also has various operational exposures to ferroalloys and chromite. Through recent acquisitions, the Company has added PGE and ferroalloy smelting and refining to its capability. The Company aims to create an integrated mine-to-metals company with a primary focus on platinum. The ConRoast plant is being established at the recently acquired and strategically located ferroalloy smelting facility in Middelburg.

The acquisition will allow Jubilee to process stockpiled and current PGE-rich chromite tailings, providing ConRoast with a ready supply of own platinum concentrate for processing. The Company is also a firm proponent for the role of foreign direct investment as a key form of social development in developing African countries. The South African Institute of Stockbrokers is formed to represent, train and set standards for the qualification of stockbrokers.

In December, the market capitalisation exceeds R1 trillion for the first time. Dual trading capacity and negotiated brokerage is introduced. The value of shares traded annually reaches a new record of R SENS ensures early and wide dissemination of all information that may have an effect on the prices of securities that trade on the JSE.

The JSE enters into a joint venture with GL Trade SA to provide an internationally accepted trading front-end to the equities market, known in South Africa as TALX. Since the completion of this process, the JSE has had a zero failed trade record, thereby improving market integrity immeasurably and representing a major milestone in winning both local and international investor confidence. More than just a change in technology platforms, the introduction of JSE SETS also represented the forging of a strategic alliance with the LSE and improved the international visibility of the JSE.

Two new exchange traded funds are launched, namely Satrix Fini, which tracks the top 15 financial counters and Satrix Indi, which tracks the top 25 industrial counters, on the Main Board of the JSE.

AltX has been developed in partnership with the dti. This world-first allows for the trading of both spot and derivative interest rate products on one platform with multi-lateral netting across all products. The JSE demutualises and incorporates in South Africa as JSE Limited, a public unlisted company on 1 July Immediately on demutualisation, JSE rights were converted into JSE Shares and each rights holder received 1 JSE Shares for every 1 JSE right held. This resulted in the JSE having an authorised share capital of R40 million made up of 40 ordinary shares of R1.

Over the counter trading in JSE Shares commences with settlement of the trades occurring through STRATE. Subsequent amalgamations, acquisitions and expansions occurred, with the notable events being the formation of WPK in , the formation of Boland Agri in and the amalgamation of these entities in , thereby forming Kaap Agri. Subsequent expansions have resulted in Kaap Agri today having a footprint in seven provinces as well as a presence in Namibia, together comprising more than sites and over business units.

Its shares are quoted on the Alternative Investment Market AIM of the London Stock Exchange. The Company also has two earlier stage exploration projects: a nickel-platinoid-gold project located just north of Tanzania's capital city, Dodoma, in central Tanzania and a gold projects located close to the town of Morogoro located between Dodoma and Tanzania's principal city and port, Dar es Salaam.

The Agreement provides for a strategic investment by the Mzuri Group in Kibo, the acquisition by Kibo of a large portfolio of Tanzanian mineral rights and applications held by Mzuri Gold, and a dual listing of Kibo's shares on the Johannesburg Stock Exchange JSE Limited. The terms of the Agreement are scheduled to be fully implemented by 30 April Iscor had been the major integrated South African steel producer for more than 70 years and its mining division, Iscor Mining, had provided security of iron ore supply for its steel mills.

Sishen mine was established in the Northern Cape Province in as a mine that served Iscor only. In , however, the South African Government invested in the infrastructure to enable the export of iron ore from the Sishen mine via the Sishen-Saldanha rail link and port facility.

This opened up a new era of growth for the iron ore business. At the time of the unbundling, the mines that had been developed by Iscor for coal, zinc and certain industrial minerals used in steel production, together with its two iron ore mines as well as its heavy mineral interests, became part of Kumba Resources.

Together, these two mines produce 32Mtpa of iron ore. The combined resources of the two mines exceed 2 billion tonnes of high quality iron ore. In Johannesburg, the retail assets are an interest in the Sandton City Complex, the Eastgate Complex and Nelson Mandela Square.

Other retail assets are two regional shopping centres, being Liberty Midlands Mall in KwaZulu-Natal and Liberty Promenade Mitchells Plain in the Western Cape, an interest in the mixed-use precinct of Melrose Arch in Johannesburg and the newly developed Botshabelo Mall in the Free State.

The attraction of its long-established presence and overall quality make it irreplaceable and confers brand-value and recognition on the portfolio. Similarly, the Eastgate Complex, with its strong history and recent upgrade, is located in a large catchment area with main thoroughfare and arterial road accessibility. Nelson Mandela Square is a destination centre with good entertainment offerings complementing the neighbouring Sandton City Complex.

These properties include the Standard Bank Centre in Johannesburg, the Liberty Centre in Century City Office Park in Cape Town and Liberty Centre in Umhlanga Ridge in Durban. The management structure and team preserve institutional oversight, governance and expertise, while leaving room for management talent.

Today Lewis Stores is the largest furniture chain by number of stores in South Africa. The household furnishing businesses and the entire issued share capital of M. Lewis and Company Pty Ltd is acquired from Meyer, Jack and Israel Lewis. Shares are listed on the the Johannesburg Stock Exchange to raise capital for expanding the business in South Africa.

Lewis is subsequently de-listed. Its clothing chain, Universal Stores, is sold to Edcon. Lewis Lesotho is established. A credit application scoring system is implemented. Over this time we have grown through acquisitions and the construction of new hospitals during the s and early s, a period during which the South African private hospital industry was characterised by expansion and fragmentation.

Our next growth phase in the late s and early s coincided with a period of consolidation in the South African private hospital industry.

Changed name from Afrox Healthcare to Life Healthcare. Built and operated independent sector treatment centres on behalf of the UK National Health Service. Business expanded over the next decade through the establishment of additional rehabilitation units at hospitals in Johannesburg, Bloemfontein, Durban, Pretoria and East London. Net1 provides alternative payment solutions for populations in developing economies that have no or limited access to traditional banking facilities, estimated at four billion people.

allows its target market to enter affordably into electronic transactions with each other, government agencies, banks, employers, merchants and other financial service providers. This is believed to be a global first. Its offline capability allows card holders to transact with other users at any time in even the remotest of areas where traditional payment systems offered by major banking institutions have limited penetration or are unavailable due to no, or limited branch, ATM, POS and communications infrastructure.

provides an outsourced solution capable of managing, on a large scale, payments made to recipients without bank accounts. It reduces administration and cash handling costs, facilitates payment status information management and creates auditable transaction records for individuals, government agencies, employers, merchants and other financial service providers. The Scooters Pizza brand has won many awards, as set out in the annexure 10, and has become the 2nd largest pizza deleivery chain in the country in only 5 years.

On 1 April the group acquired its second brand, MAXI'S in respect of its multi-brand strategy. MAXI'S was founded in and opened its first franchise in MAXI'S is a family orienteted restaurant chain with emphasis on quality, service and value for money. It is highly regarded by emerging consumers due to its expensive menu and value for money offering.

On 11 May Scooters Pizza was converted to a public holding company and the Scooters Pizza name changed to Taste Holdings Ltd on 11 May As an African business, its investments have brought both social and economic benefits to the communities in which it operates, through investments in content, access to information, job opportunities, partnerships and training. The company focused primarily on minerals exploration in Western Australia and Indonesia. This was achieved in November of that year and has been the first of a series of major developments for the Company.

The product range was branded VDO and sold by Siemens worldwide. In October , these two businesses merged under the TeliMatrix holding company and listed on the Johannesburg Stock Exchange in November. The philosophy being one vision, one company, one brand. Its activities in Luxembourg comprise the central supervision and control of the Group's investments in its operating subsidiaries and the administration of a general investment portfolio.

Shares are listed on the Luxembourg, London and Johannesburg Stock Exchanges. In , Mondi Limited contributed its recycled based packaging and industrial papers and corrugated packaging business in South Africa to a newly created entity, Mondi Packaging South Africa Proprietary Limited. Shanduka currently owns an interest in the Group as part of its investment portfolio comprising natural resources, financial services, real estate, energy, beverages and industrial companies. The Group entered the plastics business in January with the purchase of a majority interest in Linpac Materials Handling SA Proprietary Limited, a rigid plastic containers operation in Western Cape which produces plastic crates and bins.

In December , the Group was refinanced through a cash injection from Mondi Limited which allowed for the repayment of external debt. The funds were provided by way of loans and equity. Immediately prior the Demerger, the Group will be owned This includes R1, million in its paper business for investments such as a rebuild of its board machine coating section at its Springs mill and the installation of high graphic printers at certain of its corrugated packaging sites to enhance product quality and enable production of value-added niche products and, a complete refurbishing of its containerboard machine at its Felixton mill which allowed it to produce lightweight recycled containerboard and increased containerboard production by 45, tonnes per annum.

Since , the Group has also invested R million in its plastics business by upgrading its facilities and installing a new compression moulding closure plant, as well as a PET hot fill line at its Wadeville plastics facility.

With effect from 1 April , the Group divested Paperlink, its South African paper merchant business, to the Mondi Group for R93 million. This divestiture will allow the Group to focus on its core paper and plastic packaging operations. C","ticker":"MSP","lastPrice","bidPrice","offerPrice","previousDaysClose","companyHistory":""},"MST":{"companyName":"Mustek Ltd","ticker":"MST","lastPrice","bidPrice","offerPrice","previousDaysClose","companyHistory":"Founded by David Kan in , the Mustek Limited Group was listed on the Johannesburg Securities Exchange in , and currently comprises the active operations of Mustek, Comztek and Rectron.

Mustek, from its corporate headquarters in Midrand, South Africa, oversees the activities of its business units operating in its chosen markets in Africa and South Africa. The seven operating subsidiaries and two associate companies are autonomously managed and each has a specific product focus.

Ongoing investments in facilities and people ensure that subsidiary companies meet the challenge of continuous quality and efficiency improvements and maintain a competitive edge despite increasing demands from customers to reduce costs.

The South African Metropolitan Life Insurance Company Limited was incorporated in South Africa in , having started as a branch of the. Southern Cross Insurance Company Limited of Australia. In the two companies, which were at the time both wholly-owned subsidiaries of Sanlam Limited 'Sanlam' , were merged to form Metropolitan Homes Trust Life Limited which, in , was renamed Metropolitan Life Limited. Metropolitan was listed on the JSE in and on the NSX in This was followed in by the creation of Metropolitan Health.

In the following year, Metropolitan Namibia, a wholly-owned subsidiary of Metropolitan, was launched, to be followed in by Metropolitan Botswana, a joint venture with the Botswana Development Corporation.

In Metropolitan acquired the life and asset management businesses of the Commercial Union group of companies and in it took over the administration business of Bankmed. At 31 December , Metropolitan had more than R30 billion in investment assets under management and is South Africa's pre-eminent black-empowerment financial services provider. DWAF provides mine with permission to establish Water Service Provider company.

WUC completed pilot plants, engineering designs. WUC submits BID, engages Public, and submits. Final Scoping Report All part of EIA. High level engagement with DWA at DDG level. July Industry re-submits proposal based on discussions with DWA at Ministerial level on their preferences. Commence with Feasibility Study on Coal Project.

The client local hero campaign allows prospective and existing Nedbank clients to give back to community projects that they feel passionate about. The deal broke new ground in the area of black economic empowerment as it was the first truly broad-based deal to be announced with tens of thousands of stakeholders.

New management structures came into effect allowing these entities to become a fully integrated business. This final step in the approval process meant that the formation of one of South Africa's leading banks with assets of more than R billion became a reality. This merger heralded a new era in the history of BoE and Nedcor.

For BoE, it offered the opportunity to continue a long and proud tradition of banking excellence and personal service. For Nedcor, the financial expertise and the quality of BoE's people will continue to further enrich its offering to the public.

The High Court's ruling was lodged with the Registrar of Companies on 3 July The last day to trade in BoE shares in order to participate in the share scheme was 3 July , and the operative date of the scheme was 11 July NIB was delisted.

Nedcor and Old Mutual each own 50 percent of the new bank. BoE Corporation Limited unbundled its shares in BoE Limited and then delisted.

NedTravel was sold to Tourvest. Also, BoE actually merged with NBS Boland Ltd rather than with NBS and Boland PKS. On 14 March, NBS Holdings acquired the banking and financial services interests of Boland Bank Holdings, and changed its name to NBS Boland Ltd.

Boland Bank changed its name to Boland PKS. The two banks, with new logos and corporate identities, were launched to the South African public during June Nedfin Bank became Nedbank Commercial Division. The Sports Trust and The Arts and Culture Trust were formed. NedTravel Group Holdings became the second largest travel group in South Africa and a wholly owned subsidiary of Nedcor Limited.

Nedbank and Perm's combined ATM network became the largest in South Africa, with ATMs. Nedbank in association with the World Wide Fund for Nature WWF launched The Green Trust. UAL Merchant Bank funds under administration exceeded the R10 billion mark, Syfrets R7 billion and Nedfin the R2 billion mark.

Nedbank Group Limited changed its name to Nedcor Limited. Syfrets SA changed its name to Syfrets Group Limited. World Travel Agency joined NedTravel completely. By the end of the year it had retail electronic banking terminals in operation and ATM cards in circulation rose to Nedbank moved to its new head office at Main Street, Johannesburg.

Assets of the group totalled R14,3 billion. Nedbank also established a banking company in Zurich, Switzerland. Union Acceptances Limited changed its name to UAL Merchant Bank Limited. The Nedbank Group acquired part of the World Travel Agency. Nedbank Limited, in partnership with Old Mutual, bought out the American interest in Lease Plan International Corporation of South Africa.

Gerry Muller becomes the first South African-born managing director. Credit Corporation of South Africa Limited changed from a hire-purchase bank to a general bank, and changed its name to Credcor Bank Limited.

Syfrets SA was listed on the Johannesburg Stock Exchange. Boland Bank was listed on the JSE. With Netherlands Bank Old Mutual became a joint shareholder of the Credit Corporation, resulting in the foreign interest being bought out and the Credit Corporation becoming a South African-controlled bank.

The South African Association for the Administration and Settlement of Estates SAASE was absorbed into Syfrets Trust Company Limited. UAL launched its first unit trust, the UAL Unit Trust. UAL moved to Union Acceptances House at 66 Marshall Street, Johannesburg. The credit for making this far-reaching decision belongs to Dr B Holsboer, Gerr Muller and Albie Saayman.

The company Monument Trust Patty Limited, involved mainly in factoring of invoices and the discounting of installment credit agreements, was founded in Pretoria. Union Acceptances Limited UAL was established as South Africa's first merchant bank, with Sir Ernest Open as the first Chairman and Sidney Spire as the bank's first Managing Director.

UAL operated from offices in Anglo's head office, 44 Main Street, Johannesburg. On his retirement he establish this fund for Nedcor staffmembers and pensioners. In this became Nedfin Bank Limited. Pretoria branch becomes the world headquarters of the bank, with assets of R8 million plus reserves of R2 million. Perm appointed the first female teller in a South African building society.

The reconstruction of bank capital for increasing banking activities takes place. The name of the bank changed to Nederlandsche Bank voor Zuid-Afrika NBZA. Boland Bank was established as De Paarlsche Afrikaanse Trust Maartschappij Beperkt in Paarl.

There is a substantial increase in foreign transactions. In government stores R3 million in gold in the vault of NBCV. Formation of Pretoria Mortgage Company, a wholly owned subsidiary of NBCV. First NBCV banknotes issued. On 1 August the bank opens in Church Street, Pretoria, with capital of R 50 pounds. NBS was established in Durban. At the end of its first year Perm had current shares in issue and 77 borrowers.

Naspers conducts its operations primarily through its subsidiaries and other affiliates. Later, book publishing operations were founded. The subscriber management, signal distribution and cellular telephone businesses, together with a holding in FilmNet a pay-television operator in Europe were placed into a new company called MultiChoice Limited later named MIH Holdings Limited. OpenTV and MIH Limited were listed on Nasdaq in In August , MIH Limited sold its stake in OpenTV.

In March , MWEB Holdings was spun off as a listed entity on the JSE. The business developed into the leading instant messaging business in China. Tencent listed on the Hong Kong Stock Exchange in June As at 31 March , MIH has a Holders of MIH Limited shares, resident in any country other than South Africa, received their interest in Naspers shares in the form of Naspers ADSs.

This transaction gave MIH a stake in the growing Brazilian media market, through a leading enterprise. ru, Inc. MIH has subsequently increased its interest in mail.

The offer was three times oversubscribed with over , applications received for The offer, which closed during the last quarter of , was three times over subscribed. Some , applications were received for the 45 million Phuthuma Nathi ordinary shares on offer. This offer was more than twice oversubscribed. Approximately 3, applications were received for the The Tradus group has subsequently been reorganised into the Allegro and Ricardo groups.

It changed its name to Network Healthcare Holdings Proprietary Limited on 8 November and converted into a public company on the same date. In the Network Healthcare Holdings name changed to Netcare Limited Netcare. These acquisitions added further critical mass and a broader geographic spread of hospitals to the Netcare network.

As part of the re-engineering process, the Group consolidated five head office structures into a single Operations Centre. The Medicross brand of primary healthcare is a household name across South Africa and comprises multi-disciplinary primary care and dental centres around the country complemented in selected cases by pharmacies and day-theatres. In addition, Netcare subscribed for a minority interest in certain hospitals within the Community Hospital Group, a wholly-owned subsidiary of Community Healthcare Holdings Pty Ltd a black empowerment company.

In Netcare acquired the Margate Private hospital and also opened the Kuilsrivier hospital in Cape Town, a joint investment and development between Community Hospital Group and Netcare. Netcare was in competition with both local and international healthcare providers to provide clinical services to the NHS. Netcare operates as an independent service provider to the NHS through its NHS sourcing division, Netcare UK.

Netcare UK continues to service existing Independent Sector Treatment Centre contracts such as the Greater Manchester Surgical Centre, the Commuter Walk-in-Centre in Leeds and the surgical initiative with the Scottish NHS in Stracathro. FP Markets was founded in and is regulated by the Australian Securities and Investments Commission ASIC , offering segregation of client funds and top tier liquidity. FP Markets is a group of companies that includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Robinhood is one of the few brokerage firms not to offer trading in mutual funds, options, or bonds. The vast majority of brokers do provide trading in these products, although Capital One Investing does not offer fixed-income securities.

Robinhood also does not provide trading in futures or forex. In this vein, Robinhood is absolutely safe and like other discount brokerages. So, Forex trading in India is allowed as long as you trade with registered local brokers with the state acknowledged trading pairs. However, international retail Forex Trading in India is illegal. But which is the best forex trading platform in India? Forex or foreign exchange market is also familiar with another name in India that is Currency Trading.

A market where currencies of different countries are exchanged is known as currency market. Here, the currency movement affects the market. A roadmap is given below. The map explains the entire trading process.

Standard Chartered Online Trading allows its clients to trade most of the securities listed on 15 exchanges in which the bank allows trading: Singapore SGX , Honk Kong HKG , Japan TSE , Australia ASX , United States ASE, NMS, OTCB, OTCQ, and NYS , France PAR , Germany XETR , Netherlands AMS , United Kingdom LSE , etc. Wheat you can trade?

Forex Cards can be applied from any of the Standard Chartered branches across India. Alternatively, you can also reach out to your Relationship Manager to apply for a Forex Card. Whom do I call in case I need any assistance? Forex trading is allowed in these countries, but with restrictions from the central governments. These restrictions border on the amount of money that can be transferred to a broker for trading, how much can be kept in foreign currency in a domiciliary account, and how forex is accessed for trading purposes.

So, these are the two main reasons behind restrictions or ban of forex trading in some of the countries. The ban is either for the safety of citizens in the country or due to their fixed exchange rate system or both. There are many countries where forex trading is legal but, they have some important restrictions on retail forex trading.

This online forex trading platform has got its sights on expanding its customer base by targeting forex beginners. The service is innovative, cutting out nearly all costs that are typically associated with investing. Therefore, Foreign exchange and Forex transactions play an integral part in the Indian economy.

Forex brokers in India should be regulated by the SEBI and should be authorized by the relevant authorities to ensure that all companies follow the FEMA guidelines on Forex trading. Currency trading or Forex trading refers to buying and selling national currencies to either make profit, or hedge businesses against possible exchange rate ups and downs.

Every individual, from the hedge fund CEO to the Kirana shop owner near you or even you, directly or indirectly participate in currency trading in India. Else the amount needs to be refunded within days from the date of arrival.

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The requested site will open in a new window. Our foreign exchange services make international currencies and transactions easy and convenient. Read more. Pay people or companies in more than 25 currencies straight from your phone. Send money for collection in person at more than locations worldwide. Make fast international transfers directly to an individual or business account.

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Search Search. Please select the secured service you would like to access. Personal Personal Business Corporate Personal Business Corporate. Register for Absa Online Banking. What's new in online banking. Travelling to another country. Cash Passport Get a secure travel card pre-loaded with up to seven currencies. Travel insurance - the right cover for your trip. Discounted premiums for couples, families and groups. Optional top-up cover. International payments.

NovoFX Pay people or companies in more than 25 currencies straight from your phone. Western Union Send money for collection in person at more than locations worldwide. SWIFT Make fast international transfers directly to an individual or business account. Visa Direct Receive international fund transfers directly into your Absa debit or credit card via Visa Direct. Good-to-know: Tips on exchange rates, travel and emigrating. Exchange rates. Travel tips. Non-tax residents. All financial institutions offer different rates — speak to us for a competitive rate.

To get the benefit of different exchange rates, buy or sell your currency on different days. Make sure that your passport is valid for six months after your return date. Need a visa? Apply in advance.

Embassy timelines can be unpredictable. Take copies of your passport, travel documents, bank cards and the purchase agreement for travellers cheques in case of loss, theft or emergencies.

Give your itinerary and contact numbers to family — be savvy, stay safe. When you buy travel tickets with your Absa Credit Card, you automatically qualify for free, basic Travel Insurance. Get a free quote to upgrade your Insurance online or call us on Ensure that you read the terms and conditions to make sure what the insurance entails, click here for the terms and conditions.

Check your airline restrictions on hand luggage and the size of toiletries allowed on board. Check the latest COVID travel rules and requirements directly from your airline right up until the day that you fly. Good to know: Tips on exchange rates, travel and becoming a non-tax resident: Private individuals who cease to be residents for tax purposes will be regarded as non-tax residents.

In respect of the withdrawal of retirement funds when South African residents cease to be residents for tax purposes in South Africa, payment of lump sum benefits to individuals who are no longer South African tax residents per SARS definition, shall only be allowed by Authorised Dealers if the individual member has remained a non-tax resident for at least 3 three consecutive years. All private individuals who wish to be regarded as non-tax residents will have to prove their tax compliance with SARS and submit the applicable TCS PIN for verification to the Authorised Dealer.

Unsecured debt, like overdrafts and credit cards, have to be settled and closed prior to capital transfers being effected. Visit one of our dedicated foreign exchange branches, with your TCS PIN to arrange capital transfers and formalise your non-tax residency status. Download the Absa Banking App today.

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Legal and compliance Terms of use Banking regulations Privacy Statement. Contact Us Switch to Absa Business debit order switching Send your feedback. For lost or stolen cards call. Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, Terms Of Use Banking Regulations Privacy Statement Security Centre � Copyright.

Whom do I call in case I need any assistance? The Company is also a firm proponent for the role of foreign direct investment as a key form of social development in developing African countries. Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, Terms Of Use Banking Regulations Privacy Statement Security Centre � Copyright. Personal Business Corporate. Total assets increase to R3. Product terms and conditions. Discounted premiums for couples, families and groups.

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