At the launch were Mutual Bank founder and businesswoman, Nthabeleng Likotsi with Deputy Finance Minister David Masondo, Small Business Development Minister Khumbudzo Ntshavheni, Public Protector Busisiwe Mkhwebane, Communications Minister Stella Ndabeni-Abrahams, Justice Minister Ronald Lamola and businesswoman Nontsikelelo Sisulu at the launch of the bank in Sandton on Tuesday. Picture: Supplied
Mutual Bank sells a million shares within 72 hours of trading
Share
Pretoria - While the newly launched Nthabiseng Likotsi (NL) Mutual Bank has sold 1 million shares within 72 hours of trading, it insists it still has a long way to go towards raising its target of R2.2 billion by the end of the month.
Cape Business News
May 20, 2021
CBN Audio:
ACCESS Bank Plc has entered into a definitive agreement with GroCapital Holdings in October 2020 to invest into Grobank Limited over two tranches.
Access Bank Plc has received the approval of the Prudential Authority of the South African Reserve Bank for the Bank’s transaction to obtain a controlling interest in Grobank Limited following its investment of Tier 1 capital into the Bank. This will enable Grobank to further accelerate its objectives around business diversification, improved operational efficiencies, talent retention as well as robust governance.
Bennie van Rooy, CEO of Grobank, hailed this transaction as an exciting event for the South African banking industry: “The entry of Access Bank Plc into the South African banking sector will enable us to provide sustainable support to our existing customers and target new customers with a presence across the African continent.
Cape Business News
May 20, 2021
CBN Audio:
ACCESS Bank Plc has entered into a definitive agreement with GroCapital Holdings in October 2020 to invest into Grobank Limited over two tranches.
Access Bank Plc has received the approval of the Prudential Authority of the South African Reserve Bank for the Bank’s transaction to obtain a controlling interest in Grobank Limited following its investment of Tier 1 capital into the Bank. This will enable Grobank to further accelerate its objectives around business diversification, improved operational efficiencies, talent retention as well as robust governance.
Bennie van Rooy, CEO of Grobank, hailed this transaction as an exciting event for the South African banking industry: “The entry of Access Bank Plc into the South African banking sector will enable us to provide sustainable support to our existing customers and target new customers with a presence across the African continent.
May 19, 2021
Our client is a Multinational Foreign Bank and are looking for a Senior Manager with experience in Legal and Compliance in a bankning environment.
Client DetailsOur client is a Multinational Foreign Bank with operations throughout the world.
DescriptionKey duties and responsibilities will include :
Ensure the Bank is compliant with all AML/CFT legislations, regulatory and supervisory requirements, including Sanctions Compliance as well as aspects that overlap with other financial crimes.
Monitor and compile relevant reports to stakeholders, including senior management, regulators and Head Office.
Provide guidance and support to the AML/CFT team in conducting their day-to-day job requirements.
May 19, 2021
Client DetailsOur Client is a Multinational Foreign National Bank, with operations in multiple countries.
DescriptionKey Responsibilities include.
Ensure the Bank is compliant with all AML/CFT legislations, regulatory and supervisory requirements, including Sanctions Compliance as well as aspects that overlap with other financial crimes.
Ensure reputational risks and penalties arising from potential non-compliance with the aforementioned legislations/regulatory and supervisory requirements are mitigated in its entirety.
Ensure the LCD AML/CFT team is effective and efficient so as to add value to the Bank.
Monitor and compile relevant reports to stakeholders, including senior management, regulators and Head Office.
Provide guidance and support to the AML/CFT team in fulfilling their day-to-day job requirements.