Prudential Authority Punishes ‘People’s Favourite Bank’ Capitec after Identifying Compliance Flaws

Capitec Bank, one of South Africa’s most widely used retail banks, has been hit with R28 million in administrative fines after the Prudential Authority identified shortcomings in the bank’s compliance with the country’s financial intelligence laws.

Last Friday, the Prudential Authority (PA) said the sanctions followed an inspection conducted at Capitec in 2023 as part of its supervisory responsibilities under the Financial Intelligence Centre Act (FICA).

The regulator imposed five cautions on the bank, instructing it notREAD MORE

Official data shows expanding trade and investment links between Egypt and BRICS countries in the first half of 2026

Egypt’s trade with BRICS countries reached US$36.7 billion in the first half of 2026, up 25.5 per cent from US$29.3 billion during the same period in 2025, according to data from Egypt’s Central Agency for Public Mobilisation and Statistics (CAPMAS).

The figures highlight the growing role of BRICS countries in Egypt’s international economic relations, as reported by 

The discovery of a ninth woman’s body in Ekurhuleni has intensified pressure on police to find those responsible for a string of deaths that has left communities across the East Rand fearful and demanding answers.

The unidentified body was discovered in Dawn Park on Thursday morning, bringing to nine the number of women’s bodies recovered in Ekurhuleni over the past two months.

According to Major General Fred Kekana, preliminary indications suggest the body was dumped at theREAD MORE

Information and communication technology became the main driver of growth

The digital economy drove Ghana’s gross domestic product (GDP) growth to 6 per cent in the second quarter of 2026. Within the services sector, information and communication technology led the way, growing by 30.9 per cent year on year compared with 21.3 per cent a year earlier. This was reported by the Ghana News Agency (GNA), a TV BRICS partner.

According to a representative ofREAD MORE

The Madlanga Commission has marked one year of public hearings, with 110 witnesses having testified over 174 days as the inquiry investigates allegations of criminality, political interference and corruption in South Africa’s criminal justice system.

The Judicial Commission of Inquiry into Criminality, Political Interference and Corruption in the Criminal Justice System held its first hearing on 17 September 2025, following President Cyril Ramaphosa’s announcement of the inquiry in July that year.

The commission, chaired by Justice MbuyiseliREAD MORE

The main goal of this work is to direct investment towards economic development, creating new opportunities and improving people’s quality of life

President of the New Development Bank (NDB) Dilma Rousseff spoke about the bank’s plans for the second decade of its operations. This was reported by Brasil 247, a TV BRICS partner.

Speaking at the BRICS Summit in New Delhi, she said that the NDB should become a larger and more influential financial institution. Its mainREAD MORE

President Cyril Ramaphosa has signed the Public Service Commission Bill into law, giving the commission a stronger role in monitoring government and promoting ethical and professional conduct among public servants.

The new law replaces the Public Service Commission Act of 1997 and is aimed at strengthening the independence of the commission, which is responsible for monitoring how government departments operate and whether they are delivering services effectively.

Ramaphosa signed the legislation on Wednesday, as the country observesREAD MORE

The investigation into the deaths of eight women whose bodies have been discovered in and around Ekurhuleni has intensified, with police offering a R400,000 reward for information while government officials met affected families and visited locations linked to the killings.

Minister of Women, Youth and Persons with Disabilities Sindisiwe Lydia Chikunga on Wednesday visited the family of 38-year-old Elizabeth “Tsontso” Moselakgomo, as well as the site in Kempton Park where her body was discovered.

Chikunga laid aREAD MORE

For Daniel Jamneck’s family, the latest court ruling is about more than another legal victory.

It is a chance to step back from a painful process that has repeatedly forced them to relive the loss of their eight-year-old boy.

The Western Cape Division of the High Court in Cape Town has dismissed Arthur Wheeler’s application for leave to appeal against his convictions for the rape, sexual assault and murder of Daniel, as well as the rape ofREAD MORE

The Directorate for Priority Crime Investigation in Limpopo, or the Hawks, have arrested a 37-year-old suspect in connection with an alleged R45 million fraud, corruption and money-laundering investigation involving a fleet management tender awarded by the Mogalakwena Local Municipality.

The suspect was arrested by the Hawks’ Serious Corruption Investigation team following an extensive probe into the tender, which was advertised and awarded by the municipality in 2022.

According to the Hawks, preliminary findings suggest that the procurementREAD MORE