One of  South Africa's fastest growing bank Capitec Bank, has been hit with a hefty financial penalty of over two-point-nine million US dollars by the South African Reserve Bank for failing to comply with certain anti-money laundering regulations.

Reserve bank  announced the administrative sanctions on Capitec Bank Limited on its website, noting that over five-hunder thousand USD of the fine "is conditionally suspended for a period of 36 months as from 30 July 2024". This is not the first time Capitec has fallen foul to Fica regulations.

Joining Peter Ndoro to discuss this further is Finance Expert, International Speaker and Author, Gerald Mwandiambira.

One of &nbsp;South Africa's fastest growing bank Capitec Bank, has been hit with a hefty financial penalty of over two-point-nine million US dollars by the South African Reserve Bank for failing to comply with certain anti-money laundering regulations.
Reserve bank &nbsp;announced the administrative sanctions on Capitec Bank Limited on its website, noting that over five-hunder thousand USD of the fine "is conditionally suspended for a period of 36 months as from 30 July 2024". This is not the first time Capitec has fallen foul to Fica regulations.
Joining Peter Ndoro to discuss this further is Finance Expert, International Speaker and Author, Gerald Mwandiambira.

Africa Rise & Shine

Rise & Shine

SA's Capitec Bank hit with hefty financial penalty of over 2.9 million USD

The International Organisation for Migration - IOM says almost one million people have been displaced in the Middle East, as the region is facing a rapidly deteriorating humanitarian crisis with escalating conflict in both Lebanon and Iran.  The United Nations Interim Force in Lebanon - UNFIL says the situation in south Lebanon has deteriorated since Hezbollah claimed responsibility for an attack on  Israel. With the current rapid and intense escalation of violence, UNIFIL says it's been deeply concerned that the situation would deteriorate further. Thuto Ngobeni reports.

The International Organisation for Migration - IOM says almost one million people have been displaced in the Middle East, as the region is facing a rapidly deteriorating humanitarian crisis with escalating conflict in both Lebanon and Iran. &nbsp;The United Nations Interim Force in Lebanon - UNFIL says the situation in south Lebanon has deteriorated since Hezbollah claimed responsibility for an attack on &nbsp;Israel. With the current rapid and intense escalation of violence, UNIFIL says it's been deeply concerned that the situation would deteriorate further. Thuto Ngobeni reports.

International Organization for Migration Warns of Mass Displacement in Middle East

On the Round Up Wrap segment of the show resident analyst Mighti Jamie, joined Peter Ndoro to speak about some of the stories highlighted earlier as well as throw forward to the week ahead..

On the Round Up Wrap segment of the show resident analyst Mighti Jamie, joined Peter Ndoro to speak about some of the stories highlighted earlier as well as throw forward to the week ahead..

Round Up wrap with resident analyst Mighti Jamie

Liberia's electoral body is facing renewed uncertainty following the resignation of its chairperson, Davidetta Browne-Lansanah. Her departure comes just over two years after she oversaw Liberia's closely watched 2023 presidential election, which resulted in the peaceful transfer of power from former president George Weah to current president Joseph Boakai - a moment widely seen as a positive example of democratic change in West Africa.However, Browne-Lansanah's resignation follows months of reported internal tensions within the National Elections Commission and growing political pressure. The development has sparked debate about the independence and stability of electoral institutions in Liberia and across the region.To help us understand the implications, I'm joined from the United Kingdom by global affairs analyst Paul Ejime.?

Liberia's electoral body is facing renewed uncertainty following the resignation of its chairperson, Davidetta Browne-Lansanah. Her departure comes just over two years after she oversaw Liberia's closely watched 2023 presidential election, which resulted in the peaceful transfer of power from former president George Weah to current president Joseph Boakai - a moment widely seen as a positive example of democratic change in West Africa.However, Browne-Lansanah's resignation follows months of reported internal tensions within the National Elections Commission and growing political pressure. The development has sparked debate about the independence and stability of electoral institutions in Liberia and across the region.To help us understand the implications, I'm joined from the United Kingdom by global affairs analyst Paul Ejime.?

SA's Capitec Bank hit with hefty financial penalty of over 2.9 million USD

In 1 playlist(s)

Rise & Shine

Social links

Recent clips