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Volkskas Bank
Volkskas Beperk ( en, Peoples' Bank) was a South African bank founded in 1934 as a cooperative loan bank, becoming a commercial bank in 1941. In 1991, by which time it had become South Africa's largest Afrikaner bank, Volkskas merged with United Building Society, Allied Building Society and Trust Bank to form Amalgamated Banks of South Africa. The bank issued banknotes for circulation in South West Africa between 1949 and 1959 from its Windhoek branch. Early years Volkskas was formally opened on 1 February 1935 in the De Villiers building in Pretoria by J.J. Bosman and a typist. It was registered as a cooperative loan bank under the Co-Operative Societies Act and thus began serving Afrikaners forced by the Great Depression to move to the city between 1929 and 1933. The bank was already registered on 9 July 1934 as Volkskas (Koöperatief) Beperk (i.e. "Limited"). The bank provided credit union services in which people could set up savings or deposit accounts, and clients ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...ation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organisations Based In Pretoria
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of South Africa
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ATKV
The Afrikaans Language and Culture Association (Afrikaans: Afrikaanse Taal- en Kultuurvereniging), ATKV, is a society that aims to promote the Afrikaans language and culture. The association was founded in 1930 in Cape Town. Since its inception and up to the end of Apartheid in 1994, membership was only open to members of the Afrikaner Christian community. Membership was thereafter opened to include people of all ethnicities, sharing the same values as the ATKV (i.e. speaking Afrikaans and belonging to the Christian faith). History The Witwatersrand Gold Rush of 1886 and Anglo Boer War (1899–1902) resulted in an influx of foreigners to the Zuid Afrikaanse Republiek. Because the Boer Republics became British colonies right after the Anglo Boer War, the Afrikaners felt marginalised and stigmatised. This culminated in the mass urbanisation of unskilled Afrikaners during the great depression years. Like many British soldiers and immigrants the impoverished Afrikaners found refu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABSA Group Limited
Absa Group Limited (ABGL; formerly Barclays Africa Group Limited), and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well as bank assurance. ABGL in 2020 was the majority shareholder of 11 banks located in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (two entities), Uganda and Zambia. The group maintains representative offices in Namibia and Nigeria and also has an international office in London and New York City. As of October 2019, Absa Group Limited had assets of US$91 billion. History Barclays Africa Limited (1991-2017) Absa was founded in 1991 through the merger of financial service providers United Bank (South Africa), the Allied Bank (Souths of the Sage Group. The following year, Absa acquired the entire shareholding of the Bankorp Group which included ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknotes Of Volkskas Limited (South West Africa)
Banknotes were issued by Volkskas Limited between 1949 and 1959 from its Windhoek branch. The notes are quite scarce. The notes are expressed in South West African pounds in Afrikaans, English, and in German. Catalogue *P13a. 10 shillings. 1 June 1949; 4 June 1952. Blue on green and tan underprint An underprint is anything printed underneath the main design of a stamp, banknote or similar item. Underprinting is used as a security measure to prevent forgery, or the cleaning of a postmark from a used stamp. Mackay, James. ''Stamp Collecting: .... *P13b. 10 shillings. 1 September 1958. Blue on green and tan underprint. *P14a. 1 pound. 1 June 1949; 17 April 1951; 4 June 1952. Brown. *P14b. 1 pound. 1 September 1958. Brown. *P15a. 5 pounds. 1 June 1949; 4 June 1952. Brown. *P15b. 5 pounds. 1 September 1958; 1 September 1959. References * See also * Banknotes of the Swakopmund Bookshop (South West Africa) Volkskas Limited (South West Africa) Currencies of Namibia { ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transkei
Transkei (, meaning ''the area beyond he riverKei''), officially the Republic of Transkei ( xh, iRiphabliki yeTranskei), was an unrecognised state in the southeastern region of South Africa from 1976 to 1994. It was, along with Ciskei, a Bantustan for the Xhosa people—and operated as a nominally independent parliamentary democracy. Its capital was Umtata (renamed Mthatha in 2004). Transkei represented a significant precedent and historic turning point in South Africa's policy of apartheid and "separate development"; it was the first of four territories to be declared independent of South Africa. Throughout its existence, it remained an internationally unrecognised, diplomatically isolated, politically unstable ''de facto'' one-party state, which at one point broke relations with South Africa, the only country that acknowledged it as a legal entity. In 1994, it was reintegrated into its larger neighbour and became part of the Eastern Cape province. History Establishment T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strand, Western Cape
Strand (Afrikaans for 'beach') is a seaside resort town in the Western Cape, South Africa. It forms part of the Helderberg region of the City of Cape Town Metropolitan Municipality, situated on the north-eastern edge of False Bay and near the foot of the Helderberg Mountains. Its geographical position is between Somerset West and Gordon's Bay, and is about 50 km southeast of Cape Town City Bowl. Strand has a population of approximately 50,000. Strand's main attraction is the beach; 5 km of white sandy beach off False Bay. Strand is often referred to as ''The Strand'' (Afrikaans: ''Die Strand''), which is the old name of the town. The vehicle registration code for Strand is ''CEY'' and the post code for street addresses is 7140. History Strand was established as a holiday and fishing resort in 1714. Before being known as Strand, the settlement was known as Mostert's Bay. In 1970, during the Apartheid era, all black, coloured and Asian people were forcefully removed w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Court Of South Africa
The High Court of South Africa is a superior court of law in South Africa. It is divided into nine provincial divisions, some of which sit in more than one location. Each High Court division has general jurisdiction over a defined geographical area in which it is situated. The decisions of a division are binding on magistrates' courts within its area of jurisdiction. The High Court has jurisdiction over all matters, but it usually only hears civil matters involving more than 400,000 rand, and serious criminal cases. It also hears any appeals or reviews from magistrates' courts and other lower courts. The court and its divisions are constituted in their current form by the Superior Courts Act, 2013. They replaced the previous separate High Courts, which had in 1997 replaced the provincial and local divisions of the former Supreme Court of South Africa and the supreme courts of the TBVC states ("Bantustans" created by the apartheid government in the 1950s). Important officers in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demographia, the Johannesburg–Pretoria urban area (combined because of strong transport links that make commuting feasible) is the 26th-largest in the world in terms of population, with 14,167,000 inhabitants. It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa. Johannesburg is the seat of the Constitutional Court, the highest court in South Africa. Most of the major South African companies and banks have their head offices in Johannesburg. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade. The city was established in 1886 following the discovery of gold on what had been a farm. Due to the extremely large gold de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
