A recent research by the South African Competition Commission (SACC) has revealed that major banks in Southern Africa are milking off customers through unjustifiable chunks of high charges. An African Business article about the same research further reports that these banks use complex fee structures to abuse their market power. The inquiry has also found out that there is a distinct lack of competition in the sector and that bank charges are higher than they would be at competitive levels. It has further found out that banks use “information asymmetries and product complexities” to abuse their power.
This comes as no surprise to me. For some time, I have had a feeling that these banks are ripping us off. They have numerous charges most of which we do not even notice. No wonder they make astronomic profits which are not at par with the prevailing economic environment in the region. I, for one, regard banking as a secondary industry. If all of us can agree to ke...
Content suppressed by ://URLFAN, for full article visit source
Websites mentioned in article (click for rank details):
Overall, the Asian session ran under the influence of the two very important central banks meetings. Both the RBA and the BoJ were expected to communicate their new monetary policy stand during the Asian session. Despite this, none of the majors were able to have a proper trend in the...
More... ... more
Calm Before the Storm, Central Banks Are Set to Meet Next
Dollar strength carried into Black Friday, seeing strong against the majors. The EurUsd fell a bit over 200pips to the low 1.27 level, while the UsdJpy rose 30 pips to the mid 95 price area. The GbpUsd slipped 90 pips to the low range of 1.53, on a light trading day. Equities are mostly flat following the US holiday, traditionally a low volume session. Bond yields remain compressed with the 2yr at 1.1% and 10yr at 2.9%, we should look f... more
Yesterday was a very good day for me.A friend of mine who runs a private Secondary School in Blantyre is beefing up his teaching staff.He had a number of applicants and he invited me and two other colleagues to form the interviewing panel. This being my first time to be on such a panel, even though it was on short notice, I gladly accepted and I was asked to be the Chairman.Yeah, you heard me right, I was the Tcheya! We had some very exciting sessions in which we asked the twelve applicants... more
The Japanese will open their embassy in Lilongwe, Malawi on Tuesday, 1 January, 2008. The new Japanese Ambassador to Malawi Hideto Mitamura said this in Lilongwe on 26 December, 2007 when he presented letters of credence to President Dr Bingu wa Mutharika.
With this development, all diplomatic transactions between Malawi and Japan will now be taking place locally. Previously, these transactions were handled through the Japanese Embassy in Zambia. I recall that earlier this year, when I applie... more
Gone are the days of free blogging for me! Those of you who have been following my blogging activities since August 2007 might have observed that, of late, my posts have been very erratic. This has happened because I was migrating from Google blogger to this self hosted blog. As my blogging life continues to evolve, I had come to a realization that Google blogger was limiting me quite a lot. I could not use different widgets and plug-ins that have become a common feature with the ever growing W... more
One of the recent sites that I have really liked is http://www.webhostingchoice.com . As you can see, this site offers an advertisement free guide to choosing the right web host for your personal or business site. The site’s focus is on a searchable directory that will let you find web hosting plans suitable for a small site or for a large e-commerce website. It also offers a learning area where the the basics of web hosting are explained. The site has a quick start guide that will hav... more
Feeds and posts are not affliated with ://URLFAN. They are displayed here simply for informational purposes, if you would like to remove your feed, posts, or domain from ranking and analysis, please contact us.
2006-2008 ://URLFAN (Server 202 Generated Dec 02 08 06:00 in -0.70 secs.)
Content suppressed by ://URLFAN, for full article 
Websites mentioned in article
Buzz Words mentioned in article:
How popular is nthambazale.com?
