R10m

Finweek English Edition - - IN BRIEF -

The fine im­posed on Deutsche Bank by the South African Re­serve Bank (Sarb) for non­com­pli­ance with the Fi­nan­cial In­tel­li­gence Cen­tre Act (FICA), a law that aims to counter money laun­der­ing and en­sure banks know who their cus­tomers are. The fine was im­posed for de­fi­cien­cies in con­trols and sys­tems re­lat­ing to the de­tec­tion of prop­erty as­so­ci­ated with ter­ror­ists. The win­ning bid (R1.4m) for bil­lion­aire in­vestor War­ren Buf­fett’s 2006 Cadil­lac DTS, which he auc­tioned off to raise money for Girls Inc., a char­ity that fo­cuses on giv­ing con­fi­dence to girls in the US and Canada. The car, with 32 000km on the clock, is worth $12 000 (R140 000). Buf­fett also in­cluded his au­to­graph on the dash and the of­fer to per­son­ally hand over the keys to the new owner.

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