The economic upheaval caused by the COVID-19 crisis, combined with the group’s digital transformation strategy, resulted in the bank reducing its headcount to 38 472 in 2020 – down from 41 703 in 2017.
In a recent development, South Africa Reserve Bank (SARB) has declared it is putting an end to the use of cheques for payment, starting from the first day of the new year, 2021.
Following the approval-in-principle Guaranty Trust Bank secured recently from the Central Bank of Nigeria to run its operation using the holding company model, the bank appeared set to exploit the opportunities derivable from the arrangement and deliver b
By mid-2020, over 8 736 residence permits were issued since the start of the programme, equating to 14 936 residence permits if the family members of the main applicant were included.
A special investigating unit this month arrested Ace Magashule, the secretary-general of the ruling African National Congress, making him the highest-profile serving politician to face charges since Ramaphosa’s rise to power.