Kaya 959 Kaya Biz

Madelein Smit, Managing Director at HR Company solutions

Loading player...
Nearly 30,000 investment-banking jobs are on the chopping board this year as the global banking industry looks set for a gloomy second half of 2019. The Financial Times reported that most of the cuts have been in European banks, with Deutsche Bank making up a large portion of the layoffs after last month's overhaul. But American banks such as Citigroup are also struggling as falling interest rates, along with increased use of automation and AI, have hit investment banking jobs. Deutsche Bank announced 18,000 job cuts as part of a major overhaul of its business earlier this year. The German bank also posted its biggest loss since 2008 in its latest earnings report, signalling the toll of the changes.
12 Aug 2019 12PM English South Africa Business News · Investing

Other recent episodes

SA Tourism returns to Pre-Pandemic Shine

South Africa welcomed 10.5 million tourists in 2025, surpassing pre‑pandemic levels for the first time. To unpack what this means for the industry, for jobs, and for South Africa’s global competitiveness, we’re joined by Thandiwe Mathibela, GM: Global PR, Communications, and Stakeholder Relations
2 Apr 5PM 12 min

Easter getaway: Five critical insurance checks

For families preparing to travel this weekend, there are a few top actions they should take to ensure their cover is valid. Understanding your obligations is as important as having a policy. We’re joined now by John Manyike, Head of Financial Education at Old Mutual, to unpack the biggest risks…
2 Apr 5PM 8 min

Pivot Point – Ramano on Transforming SA Leadership

For today’s Pivot Point feature, we’re joined by Ms. Tryphosa Ramano for a conversation about leadership, transformation, and the future of South Africa’s financial sector. We celebrate her three‑decade career defined by financial stewardship and a relentless commitment to transformation.
2 Apr 4PM 24 min

SA’s two-pot system sees repeat withdrawals

Since South Africa’s two-pot retirement system went live in September 2024, AlexForbes has now processed and paid more than one million savings-pot withdrawal claims, marking one of the largest operational undertakings in the country’s retirement industry. With more on the story behind the numbers, Vickie Lange, Head of Solutions Enhancement…
2 Apr 4PM 14 min

5 Easter scams to watch out for

RCS says holiday periods create the perfect storm: people are traveling, shopping online, and spending more time on social media—all moments when vigilance naturally drops. The company has identified six major scam types that tend to spike during school holidays, and Audrey Roberts, Customer Operations Executive at RCS, joins us…
2 Apr 4PM 12 min
All episodes