Managers of Wealth Africa

ANC to set out vision for post-Covid-19 economy

The ANC’s paper comes as business also lays out its economic plans

Ghana vs South Africa: The glaring financial differences between two leagues

One would have thought, Ghana, having dominated continental inter-club football in the late 90s and early 2000s, would have continued to be a powerhouse in all spheres of the game.

EACC recovers stolen assets worth Ksh 10.9B

Twalib commended the office of the director of public prosecutions-ODPP, saying the average concurrence rate on the outcome of investigations with the ODPP is 90%.

Banks face fines for unethical behaviour.

South African banks could face hefty fines or risk losing their licences.

Government drags its feet on retirement benefits reform

Last week, National Treasury and Cosatu officials met for the third time since April to consider giving retirement fund members access to their savings to mitigate the loss of income due to the Covid-19 lockdown and subsequent economic downturn. However,

Uganda's central bank threatens cap on bank interest rates

The move was aimed at reviving the economy and reducing the impact of the novel coronavirus.

Moi allies get Sh1.4bn in Transnational Bank sale

The price is a discount given that shareholders’ fund-- the amount of money Transnational could return to shareholders if all assets were converted to cash and all debts paid off -- stood at Sh1.82 billion at the end of March.

ANC’s Economic Transformation Committee wants a pro-growth monetary policy to help SA rebuild

The ANC’s Economic Transformation Committee has published its discussion document on how SA can rebuild its economy to recover from Covid-19 effects.

Retired teachers cry out over nonpayment of pension, cooperative contribution

He said many of them are now in difficult situation, as having food on the table and taking care of other responsibilities are becoming almost impossible.

Sanlam Banking On Tech, Partnerships To Boost Its Post-COVID Business Recovery

This digital transformation is opening up alternative distribution channels while revolutionizing the customer experience.”

Coronation Merchant Bank partners Union Systems to commence full automation of its Trade Finance Operations

Coronation Merchant Bank has continued to make giant strides in Trade financing.

Walkers Advises ABSA Bank and Africa Ex-Im in TAAG Financing

The Walkers team was led by Cayman Islands senior counsel Sarah Humpleby and associate Arleth Ebanks.

3 significant changes proposed for South Africa – including restructured elections and easier access to pension funds

On Tuesday, parliament’s standing committee on finance published its full report on South Africa’s special adjustment budget and revised fiscal framework.

South Africa’s IBs can breathe easy as JP Markets finally bites the dust

JP Markets, which was unlicensed and had a poor reputation among introducing brokers in South Africa, has been forced into administration by the authorities, and had its bank accounts frozen.

SA forex broker has bank accounts frozen, regulator files urgent liquidation application

The company's bank accounts have been frozen and an investigation is ongoing.

Opinion: Is Africa ready for cryptocurrency?

Africa may well define the future of bitcoin, but is this vibrant continent ready just yet?

Financial Crime In Mauritius: Overview

Further to their search powers, police officers can seize any incriminating articles which they believe has been obtained by means of an offence or used in the commission of an offence. Such articles must be produced in court at trial.

KRA recovers Ksh.139 million from hidden offshore assets

Countries that are destinations for these flows, including financial centres in Europe, Asia, America, the Caribbean and Pacific, now participate, said KRA’s Commissioner General Githii Mburu.

When are companies obligated to pay salaries during lockdown?

While the court found that the requirements to be put under business rescue were met, the court considered whether it was impossible for the restaurants to have complied with their obligations to pay their employees’ salaries during lockdown.

Troubled KQ set to exit securities exchange as govt takeover looms

The carrier is grappling with a negative working capital of Ksh42.15 billion ($400 million).

Regulation,Tax & Compliance