Managers of Wealth Africa

Standard Bank fraud warning for South Africa

These taxpayers usually have simple tax affairs with no additional income sources, and they are either auto-assessed or submit their tax returns once during Filing Season every year.

Major work-from-home proposal officially tabled in South Africa

This is being driven by continuous increases in fuel prices, rising medical-aid contributions, escalating food prices, electricity costs, and other living expenses.

South African central bank sees financial system staying resilient despite Iran war

The SARB’s quarterly projection model now suggests another interest rate increase in 2026 after a 25-basis-point hike at its policy meeting on May 28.

CBK Forecasts Continued Kenyan Shilling Stability Against U.S. Dollar in New Outlook

The dollar currently trades at Ksh129.41, a rate that the CBK says reflects growing confidence in Kenya's monetary framework.

FG sets 12-month deadline for HR officers certification compliance

The circular, addressed to all ministers, permanent secretaries, and heads of government agencies and parastatals, stated that the directive was issued in furtherance of earlier circulars on the professionalisation of human resource management in the Fede

CBN tightens FX rules, imposes N100m fine on banks

Under the revised rules, authorised dealer banks found to have consummated foreign exchange transactions without adequate documentation will pay a N100 million fine in addition to N10 million for each affected transaction.

Mahama challenges global financial system, demands fairer debt reforms for Africa

The President argued that African countries continue to pay a premium for financing even as they pursue growth and economic transformation.

Naira strengthens below N1,360/$, first time in four weeks

The latest appreciation marks the first time the local currency has traded below the N1,360/$ threshold since May 7, 2026, reinforcing signs of improving stability in the foreign exchange market.

Nice surprise for South Africa

Government debt has now stabilised and is forecast to decline this year, and over the medium term, Pieterse said, marking a key milestone in South Africa’s fiscal consolidation efforts.

Development Bank of Nigeria disburses over N1 trillion to MSMEs

The bank’s core mandate is to improve access to finance for micro, small and medium enterprises, which are widely regarded as the backbone of the Nigerian economy.

CBN bets on rules to stabilise FX market

Exporters often questioned whether existing procedures encouraged them to repatriate earnings through official channels.

CBN grants approval to Abbey Mortgage Bank for Commercial Banking

The approval is expected to unlock a major strategic milestone for the company, allowing the bank to expand beyond mortgage financing into comprehensive commercial banking services.

FNB announces new fees starting next month

Several focuses for the group include faster payments, no fees on certain EFT payments and simplified pricing structures.

SARS clarifies new rules for businesses trading with China

Under the scheme, zero tariffs will be implemented on 20 African countries that have established diplomatic relations with China and are not among the least developed countries.

A hold policy decision as expected

In a widely anticipated decision, the committee chose to maintain the Monetary Policy Rate (MPR) at 26.50%, with all other policy parameters remaining unchanged.

Double blow on the cards for South Africa

In his briefing, Reserve Bank Governor Lesetja Kganyago flagged inflationary pressures from the Iran War, with energy prices in particular rising sharply.

Cape Town also gets Moody’s outlook upgrade

City leaders hail the move.

Weekly Economic Review: Central Bank Holds Rates, AfDB Forecasts Recovery, and LNG Boosts Mozambique’s Role

These developments come amid rising external uncertainty, inflationary pressures, and expectations of a gradual economic recovery.

Diaspora Bank Customers Exempted from Fayda Rule After Account Restrictions Disrupt Banking Services

Customers who failed to meet the deadline faced restrictions on withdrawals, transfers and other outgoing transactions.

Ethiopia authorizes commercial banks to issue permits for exports to China

In a move aimed at streamlining the East African country's foreign trade sector, enhancing competitiveness, and creating a more accessible environment for exporters, the bank noted that it has officially lifted the previous restriction.

Regulation,Tax & Compliance