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This report focuses on the banking industry in South Africa including stokvels. It includes comprehensive information on commercial and central banking, stokvels and other credit granting and lease financing organisations.
The report provides information on the state and size of the sector, assets, loans and advances, regulation and corporate actions. There are profiles of 90 companies including the major banking groups such as FirstRand (FNB), Absa, Standard Bank, Nedbank and Capitec, credit-granting institutions including retailers, international banks operating in South Africa stokvels and home loan companies.
The Banking Industry in South Africa including Stokvels:
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
CHAIRMAN S STATEMENT Dear Shareholders, I would like to thank all Shareholders of Weimob Inc. for their firm trust and support in 2020. 2020 was a year full of challenges and opportunities for the Company. Amid the global economic shock of the COVID-19 epidemic, we swung for the fences and seized the opportunities brought by the epidemic to develop online digital economy, and provided a digital business operating system for customers to facilitate their digital operations. By formulating the Group s strategy of moving up-market (「大客化」), ecosystem build-up (「生態化」) and globalization (「國際化」), we achieved rapid growth against the trend in spite of the impact of the epidemic in our two core businesses, Digital Commerce and Digital Media.
Commerce Secretary Owns Stake in WeChat Parent Company as White House Reviews Trump’s Ban
Secretary of Commerce Gina Raimondo and her husband own a financial stake in WeChat parent company Tencent Holdings, even as the Commerce Department reviews a ban of the Chinese tech giant.
Raimondo and her husband Andrew Moffit own a stake in Tencent worth between $21,500 and $44,500, according to a financial disclosure filed Jan. 19 with the Office of Government Ethics (OGE). The recently confirmed commerce secretary promised to divest from other financial positions, citing potential conflicts of interest but didn’t mention divesting the Tencent stake.
President Joe Biden’s administration is conducting a broad review of the previous administration’s outstanding executive orders related to China, including an August action that banned transactions with Tencent. Biden’s Justice Department asked an appeals court to pause a case concerning the ban in February while it reviews the acti