Banks targeted in Lebanon’s ‘night of the Molotov’

At least a dozen Lebanese banks across the country were torched and vandalised early Wednesday during the second consecutive night of angry protests fuelled by frustration over the national currency’s unfettered depreciation. Hundreds of demonstrators took to the streets and dozens were arrested by security forces. The largest and most[…]

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South Africans warned to approach Easter holidays with caution

With almost 195 burglaries and 55 robberies occurring in commercial spaces daily, as we approach Easter holidays, cash volumes are expected to rise, making retailers vulnerable to such crimes. Security experts met with various stakeholders in Sandton on Tuesday to discuss the latest statistics and trends in retail cash crime.[…]

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Tensions boil over on land reform issue

The ANC has adopted a resolution calling for the nationalisation of the Reserve Bank and land expropriation without compensation. It has set no timeline to acquire all shares in the bank or change the constitution to trigger nationalisation, which would see the government owning 100% of the bank’s shares instead[…]

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Post Office, banks to deliver grants in hybrid model

The South African Post Office will handle core functions of a new social grants system, while commercial banks will play an increased, direct role for more than 2 million beneficiaries. The inter-ministerial committee on social security, headed by Minister Jeff Radebe, announced on Sunday that a “landmark” deal had been[…]

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SA’s biggest banks want in on Sassa distribution

Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17 million people. This as a contract with a subsidiary of welfare grant distributor Net 1 UEPS Technologies comes to an end, after years of legal battles. The existing contract earned Net 1[…]

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