Managers of Wealth Africa

West Africa and the Eco Currency

Efforts by member states to strengthen domestic macroeconomic frameworks reduce the inordinate bureaucratic delays that severely constrain trade must be encouraged.

Carey Olsen advises DPI as it raises one of the largest ever Africa-focused funds at US$900m

All investments will uphold the highest standards of impact and environmental, social and governance (ESG) work.

Leading South African Bank Sends Account Cancellation Notices to Crypto Arbitrage Traders – Finance Bitcoin News

While acknowledging that Shiftly is not a client of the bank, de Villiers however suggests it is curious that Standard Bank — which once rejected his company’s attempt to open an account — maintains a business relationship with its rival

African Development Bank launches consultations on new Strategy for Quality Health Infrastructure

The Covid-19 pandemic exposed serious gaps in African national health systems and overwhelmed capacity to test for and treat the disease.

Banks in defining moment as eNaira kicks off today

Central banks around the world, most notably in China, the United States and the United Kingdom, are actively considering whether to adopt or create their own CBDC.

How a Zimbabwe Tycoon Made a Fortune from a Trafigura Partnership and Spiralling National Debt

Under Mnangagwa’s reign, the businessman came to dominate Zimbabwe’s fuel, platinum, and gold sectors.

FATF removes Mauritius from the list of jurisdictions under increased monitoring

The Mauritius International Financial Centre remains a competitive and attractive jurisdiction and a domicile of choice for structuring investments in Africa and Asia.

Mozambique urges Credit Suisse to fully cancel scam-linked debt

The Swiss lender helped to arrange nearly $1bln in bonds plus a syndicated loan between 2013 to 2016

South Africa: Deductible home office expenses for 2021

The Income Tax Act, 58 of 1962 (Income Tax Act), sets out rigid requirements that must be met before employees can claim a tax deduction for home office expenses, and there will be no relaxation of these tax rules because of COVID-19.

Investec implicated in probes into the world’s largest tax fraud (Part 1)

Cum-ex is in the jargon of investment banking, a complex type of trading "strategy".

The SARB’S policy proposals in respect of Open Banking

Open APIs do not involve the sharing of login credentials and are widely considered a more secure way of giving third-party providers access to customers’ financial information to enable the provision of enhanced services than screen scraping.

Mozambique loans: FINMA concludes proceedings against Credit Suisse

Overall FINMA concludes that the Group’s risk management in connection with the Mozambique loans was seriously deficient.

Credit Suisse fined US$200,664,504

Credit Suisse has also agreed with the FCA to forgive US$200 million of debt owed by the Republic of Mozambique as a result of these tainted loans.

Bank Zero: SA’s original digital and zero-fee bank is finally open for business and has revealed its new pricing

The Bank Zero App caters for most South African businesses with turnovers from small to in the billions.

Monetary Policy in Challenging Times

Monetary policy is very significant because it determines the growth of liquidity or money supply in the economy and its relation to the growth of production.

Govt must get its act together to be able to drive SA's economic recovery, says Godongwana

Godongwana said rather than recount the problems South Africa faces, it was important to put "recovery and reconstruction" front of mind on the agenda.

PwC: Tax Tribunal Rules against fair hearing

Analysing the provision in Tax Alert published on its website, PwC stated that the 50 per cent requirement to be paid of a yet to be determined tax liability inhibits the right to fair hearing and justice in addition to conflicting with an enabling law.

Regulation,Tax & Compliance