The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R700,000 on African Bank for an ad ...

Sim Tshabalala has been appointed as interim Chief Executive of The Standard Bank of South Africa Limited, following Kenny Fihla's resignation.

By telling customers that a personal loan was an investment—not debt—African Bank prompted an investigation by the FSCA.

Kenny Fihla, group deputy CEO of Standard Bank, CEO of its South African unit, and considered next in line ... shortly before he is to assume his new position. In a statement, the lender admitted that ...