List of Licensed Financial Institutions
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Lesotho Vulnerability Assessment Committee
2016 Lesotho Government Lesotho VAC Table of Contents List of Tables ................................LESOTHO................................................................ VULNERABILITY.............................................................................. 0 List of Maps ................................................................................................................................................................................ 0 Acknowledgments ................................ASSESSMENT................................................................ COMMITTEE................................................................ ... 3 Key Findings .............................................................................................................................................................................. 4 Executive Summary ................................................................................................................................................................ 5 INTERVENTION MODALITY SELECTION Section 1: Objectives, methodology and limitations ................................................................................................. 7 1.1 Objectives ................................In light ................................of the findings................................ from the LVAC................................ Market Assessment................................ that assessed....... 9 the functionality and performance of Lesotho’s food markets, LVAC proceeded to 1.2 Methodology -
The Study of the Emergence of Entry-Level Bank Branches in South Africa
The Study of the Emergence of Entry-level Bank Branches in South Africa Final Report July 2013 The Study of the Emergence of Low Cost Bank Branches in South Africa Date: 2013/06/21 Contact Information Genesis Analytics (Pty) Ltd Office 3, 50 Sixth Road Hyde Park, 2196, Johannesburg South Africa Post to: PO Box 413431, Craighall, 2024 Johannesburg, South Africa Tel: +2711 994 7000 Fax: +2711 994 7099 www.genesis-analytics.com Authors Darrel Orsmond Kalila Mackenzie Tholoana Mokoena Craig van Rensburg www.genesis-analytics.com Covering Letter / Forward The Centre for Financial Regulation & Inclusion The Vineyards Office Estate Farm Farm 2, Regent House 99 Jip de Jager Drive Belville Cape Town South Africa 7530 Attention: Mia Thom Dear Mia, It is with great pleasure that we send to you the final report on the emergence of low-cost bank branches in South Africa. Sincerely Genesis-Analytics Team Table of Contents EXECUTIVE SUMMARY ................................................................................ I 1. INTRODUCTION ...................................................................................... I 2. THE SHIFTING BANKING LANDSCAPE ............................................... II 3. ENTRY-LEVEL BANKING STRATEGIES ............................................. III 4. EMERGING TRENDS ............................................................................. IV 5. KEY FINDINGS: COMMON ELEMENTS OF AN ENTRY-LEVEL BANKING STRATEGY ........................................................................... VI 6. CONSIDERATIONS -
A STRATEGIC ANALYSIS of CAPITEC BANK LIMITED WITHIN the SOUTH AFRICAN BANKING INDUSTRY by Michael Coenraad De Lange
A STRATEGIC ANALYSIS OF CAPITEC BANK LIMITED WITHIN THE SOUTH AFRICAN BANKING INDUSTRY By Michael Coenraad de Lange Submitted in partial fulfilment of the requirements for the degree of MAGISTER IN BUSINESS ADMINISTRATION at the Nelson Mandela Metropolitan University Business School Research Supervisor: Prof JA Jonker November 2013 DECLARATION I hereby declare that the above-mentioned treatise is my own work and that it has not previously been submitted for assessment to another University or for another qualification. I further declare that I followed all the applicable ethical guidelines in the conducting the research. Signed: Michael de Lange Date: November 2013 i ACKNOWLEDGEMENTS This research study would not have been possible to complete without the valuable contributions and support of the following people: To my research supervisor, Professor Kobus Jonker, for his dedication, support and professional advice in helping me complete this study; To my girlfriend Jess, for all her understanding and willingness, her support, undying love and dedication in helping me throughout the duration of my MBA; To my family, for believing in me and providing the necessary support and for raising me to be a dedicated and disciplined individual in order to reach my goals and complete this research study. DEDICATION This research treatise is dedicated to my late father who tragically passed away last year. He was an inspiration to us all and my hero. Gone but never forgotten. Thank you Dad. ii ABSTRACT The South African banking industry is well regulated and oligopolistic by nature. The financial sector in South Africa is of a world class standard, comparing favourably to that of developed economies i.e. -
Lesotho 2019 Human Rights Report
LESOTHO 2019 HUMAN RIGHTS REPORT EXECUTIVE SUMMARY Lesotho is a constitutional monarchy with a democratic parliamentary government. Under the constitution the king is head of state but does not actively participate in political activities. The prime minister is head of government and has executive authority. In 2017 former prime minister Pakalitha Mosisili of the Democratic Congress Party lost a vote of no confidence and a snap election. All major parties accepted the outcome, and Motsoahae Thomas Thabane of the All Basotho Convention Party (ABC) formed a coalition government and became prime minister. Mosisili transferred power peacefully to Thabane, and Mathibeli Mokhothu assumed leadership of the opposition. Local and international observers assessed the election as peaceful, credible, and transparent. The security forces consist of the Lesotho Defense Force (LDF), the Lesotho Mounted Police Service (LMPS), the National Security Service (NSS), and the Lesotho Correctional Service (LCS). The LMPS is responsible for internal security. The LDF maintains external security and may support police when the LMPS commissioner requests assistance. The NSS is an intelligence service that provides information on possible threats to internal and external security. The LDF and NSS report to the minister of defense; the LMPS, to the minister of police and public safety; and the LCS, to the minister of justice and correctional service. Civilian authorities generally maintained effective control over the security forces. The Southern African Development Community (SADC) Preventive Mission in Lesotho contingent of troops, deployed to foster stability as the government moved forward with SADC-recommended security-sector reforms, departed the country in November 2018. In May the government did not meet an SADC deadline for completion of constitutional and security reforms. -
Lesotho Housing Profile.Pdf
HS/078/15E ISBN(Series): 978-92-1-131927-9 ISBN(Volume): 978-92-1-132686-4 UNITED NATIONS HUMAN SETTLEMENTS PROGRAMME P.O.Box 30030,Nairobi 00100,Kenya; Tel: +254-20-7626742; Fax: +254-20-7625015; [email protected] www.unhabitat.org LESOTHO HOUSING PROFILE LESOTHO HOUSING PROFILE Prepared by Graham Tipple in collaboration with the Housing Department of the Ministry of Local Government, Chieftainship and Parliamentary Affairs First published in Nairobi in October 2015 by UN-Habitat. Copyright © United Nations Human Settlements Programme 2015 Produced by the Housing Unit United Nations Human Settlements Programme (UN-Habitat) P. O. Box 30030, 00100 Nairobi GPO KENYA Tel: 254-020-7623120 (Central Office) www.unhabitat.org HS/078/15E ISBN(Series): 978-92-1-131927-9 ISBN(Volume): 978-92-1-132686-4 DISCLAIMER The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers of boundaries. Views expressed in this publication do not necessarily reflect those of the United Nations Human Settlements Programme, the United Nations, or its Member States. Excerpts may be reproduced without authorization, on condition that the source is indicated. ii ACKNOWLEDGMENTS ACKNOWLEDGMENTS Supervisor: Christophe Lalande Task Managers: Gregor Herda and Kamba Ankunda Contributors: Channe Oguzhan, Fernanda Lonardoni, Kamba Ankunda and Gregor Herda Principal Author: Graham Tipple National Profile Team Coordinator: Kabelo Lethunya Design and layout: Andrew Ondoo Financial Support: The participatory Slum Upgrading Program (PSUP), a joint initiative by the European Commission and the African, Caribbean and Pacific (ACP) Secretariat and implemented by UN-Habitat, UNDP and the Government of Lesotho. -
Lazard Global Active Funds Plc
Lazard Global Active Funds plc Interim Report and Unaudited Financial Statements For the period ended 30 September 2014 Contents Directors and Other Information .................................................................................... 4 Investment Managers’ Reports ...................................................................................... 5 Financial Statements C Profit and Loss Account ...................................................................................... 36 L Balance Sheet ..................................................................................................... 44 Statement of Changes in Net Assets attributable to Redeemable Participating Shareholders .................................................................................. 50 Notes to the Financial Statements ............................................................................... 67 Portfolios of Investments ............................................................................................. 80 CTIVE FUNDS P Supplemental Information A L Statements of Major Changes in Investments .................................................. 115 OBA L LAZARD G Lazard Global Active Funds plc Period ended 30 September 2014 3 Directors and Other Information Registered Office Investment Managers (continued) First Floor Lazard Gulf Limited Fitzwilton House Dubai International Financial Centre Wilton Place Level 2, Gate Village 1 Dublin 2 Sheikh Zayed Road Street IRELAND P.O. Box 506644 Manager DUBAI Lazard Fund Managers (Ireland) -
Nedgroup Investments Private Wealth Preference Share Fund
Nedgroup Investments Private Wealth Preference Share Fund October 2019 RISK RATING INVESTMENT APPROACH The portfolio is constructed by determining an optimum diversified blend of mostly listed preference shares in order to maximize risk adjusted after tax returns. In this regard credit ratings and returns/yields of the available preference shares are carefully monitored. LOW MEDIUM HIGH PORTFOLIO PROFILE The Nedgroup Investments Private Wealth Preference Share Fund is a unit trust that invests in preference shares in order to generate tax efficient income in the form of dividends, while at the same time limiting capital volatility. RISK REWARD PROFILE The portfolio is suitable for investors seeking exposure to the listed preference share market, with limited capital volatility and regular tax efficient income as their primary goal over the long term. Investors should have a tolerance for short-term market volatility in order to achieve long-term objectives. PERFORMANCE 2 Period Portfolio Benchmark 1 year pa 20.4% 20.1% GENERAL INFORMATION 3 Years pa 12.0% 9.1% BENCHMARK / TARGET RETURN 5 Years pa 10.8% 9.0% JSE Preference Share Index 7 Years pa 7.7% 6.5% 10 Years pa 8.5% 7.4% Lowest 1 year return -6.9% INVESTMENT MANAGER ASSET CLASS Highest 1 year return 26.3% Nedgroup Investment Advisors (Pty) Ltd is authorised as a Financial Services Provider under the Financial Advisory and Intermediary The annualized total return is the average earned by an investment each year over a given period of time. Services Act (FSP No. 1652). ASISA CATEGORY -
Customer Satisfaction Survey 2014 Final Report
Customer Satisfaction Survey 2014 Final Report Version: v1.00 Date: February 2015 Author: Redflank BANKSETA Customer Satisfaction Survey APPROVALS Sign-off signifies acceptance of the content. Conditional signature can be made, with space provided to express conditions. Name Designation Organisation Date Signature Conditions/Comments Zandile Skosana Manager: BANKSETA Marketing and Communications 2 BANKSETA Customer Satisfaction Survey Contents Table of Figures ....................................................................................................................................... 4 List of Tables ........................................................................................................................................... 5 List of Acronyms ...................................................................................................................................... 6 1. Executive Summary ......................................................................................................................... 7 1.1. Introduction ............................................................................................................................ 7 1.2. Research Design ...................................................................................................................... 7 1.2.1. Overview of Data Collection Process .............................................................................. 7 1.3. Key Findings ........................................................................................................................... -
National Electrification Master Plan for Lesotho Final Report
The Government of Lesotho National Electrification Master Plan for Lesotho Final Report October 2007 The Government of Lesotho National Electrification Master Plan for Lesotho Final Report October 2007 Report no. 64131-0-13 Issue no. 3.2 Date of issue 20 October 2007 Prepared NBP Checked DH/ABR/CW/GB Approved NBP National Electrification Master Plan for Lesotho - Final Report 1 Table of Contents 1 Executive Summary 6 1.1 Introduction 6 1.2 Electrification Target 6 1.3 Settlements 7 1.4 Load Forecast 8 1.5 Technical Standards 9 1.6 Systems in Remote Areas 10 1.7 Transmission System 11 1.8 Distribution Systems 11 1.9 Financial Aspects 13 1.10 Prioritisation of Settlements 14 1.11 Project Schedule Years 1 to 5 - Distribution 15 1.12 Project Schedule for Years 6 - 15 - Distribution 18 1.13 Allocation of Responsibilities 19 1.14 Future Service Models for Electricity Supply 21 1.15 Tariffs and Connection Fee 21 1.16 Subsidies 22 1.17 Institutional Development and Training 23 1.18 Monitoring and Evaluation Framework 23 1.19 Environmental Issues 25 2 Introduction 27 2.1 Electrification Target for Lesotho 27 2.2 Balancing Policy Objectives 28 2.3 Planning Criteria and Approach 29 2.4 Report Structure and Terminology 32 3 Background 34 3.1 Context 34 3.2 Energy Policy and Power Sector Reform 35 3.3 Institutions Involved in Electrification 37 3.4 Existing Power System 42 P:\64131A\3_Pdoc\DOC\Final Report\færdige\Final Report October 2007\Final Report\Final Report-october.doc . -
UNAUDITED INTERIM RESULTS for the SIX MONTHS ENDED 30 JUNE 2021 Contents
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 Contents MESSAGE FROM OUR 01 CHIEF EXECUTIVE INTERIM RESULTS 02 PRESENTATION 2021 INTERIM RESULTS 40 COMMENTARY FINANCIAL 54 RESULTS STATEMENT OF FINANCIAL 55 Financial highlights POSITION ANALYSIS 56 Consolidated statement 117 of comprehensive income 57 Consolidated statement 118 Loans and advances of financial position 136 Investment securities 58 Consolidated statement 137 Investments in associate of changes in equity companies 62 Return-on-equity drivers 138 Intangible assets 140 Amounts owed to depositors SEGMENTAL 142 Liquidity risk and funding 65 ANALYSIS 145 Equity analysis 146 Capital management 66 Our organisational structure, products and services 68 Operational segmental SUPPLEMENTARY reporting 152 INFORMATION 70 Nedbank Corporate and Investment Banking 153 Earnings per share and 74 Nedbank Retail and Business weighted-average shares Banking 154 Nedbank Group employee 88 Nedbank Wealth incentive schemes 92 Nedbank Africa Regions 155 Long-term debt instruments 96 Geographical segmental 156 Additional tier 1 capital reporting instruments 156 External credit ratings INCOME STATEMENT 157 Shareholders’ analysis 98 ANALYSIS 158 Basel III balance sheet credit exposure by business cluster 99 Net margin analysis and asset class 102 Impairments 160 Nedbank Limited consolidated statement of comprehensive 110 Non-interest revenue income 112 Expenses 161 Nedbank Limited consolidated 114 Headline earnings reconciliation statement of financial position 114 Taxation charge 162 -
South African Peer Bank Analysis - H1:21 an EY Banking & Capital Markets Benchmark Report (Summarised) August 2021 Executive Summary Banks Benchmark Report 2021
South African Peer Bank Analysis - H1:21 An EY Banking & Capital Markets Benchmark Report (summarised) August 2021 Executive summary Banks benchmark report 2021 While we have learned much about COVID-19 and its according to the SA Property Owners Association and has implications, the situation continues to evolve, and led to downward revisions to the economic outlook for the heightened uncertainty remains. Countries that were year. Over and above this, trade has been affected by the thought to be over the worst are seeing rising COVID-19 recent cyber-attack at Transnet at the end of July. cases - such as China, Israel and the United States. South Africa, which has been emerging from the worst recession The developing international and local events underline in a century in 2020, continues to battle the third wave with the continued importance of considering economic risk. future waves of the pandemic likely. Although it is difficult to know the future unknowns, or accurately quantify their effects, having considered the In addition, poor economic conditions, worsened by the possible impacts is better than being completely caught pandemic and a delicate political situation, resulted in the unaware. riots in July which caused R50bn in property damages, Strategic themes noted in H1:21 Challenging and volatile macroeconomic environment Weak GDP growth, COVID-19 third wave, low demand, low consumer confidence and electricity supply Key focus disruptions created Recent South on strategy uncertain economy African civil unrest outlook Customer -
TO BE AFRICA's MOST ADMIRED BANK
TO BE AFRICA'S MOST ADMIRED BANK INTEGRATED REPORT for the year ended 31 December 2015 CONTENTS ABOUT NEDBANK HOW WE CREATE DELIVERING VALUE GROUP VALUE sustainaBLY TO OUR 2 Overview of our group 14 Reflections from our STAKEHOLDERS Chief Executive: 7 Our vision and values 44 Reflections from our Our value-enhancing strategy Chief Financial Officer: 11 Our purpose 18 Drivers guiding our strategy Demonstrating value creation 12 Our value-creating business 19 Determining our material 54 Engaging with our stakeholders model matters 56 Investing in our staff 27 Strategic focus areas 59 Innovating for our clients 63 Delivering consistently 42 Delivering our strategy to our shareholders through our business clusters 66 Engaging with our regulators 69 Delivering value through a commitment to our communities and the environment Smooth leadership transition Created 714 new permanent jobs Market-leading innovations such as Market EdgeTM Nedgroup Investments ranked best SA and offshore asset management company of 2015 Dividend up 7,7% ahead of HEPS growth at 7,4% Unlocked R8bn of value for BBBEE shareholders 2015 Bank of the year for Africa Strong balance sheet: CET1: 11,3% and SA by Financial Times’s The and LCR 88,5% Banker magazine Paid R8,2bn in direct, indirect and Main banked retail clients up employee-related tax HIGHLIGHTS 8,5% Carbon neutral for six years 36% of outlets in ‘branch of the Level 2 BBBEE rating for seventh OF 2015 future’ format consecutive year Integration of CIB Most transformed bank Headline earnings SAP ERP implemented