05/29/2020
Everything you need to know about moving money out of South Africa
How you intend to transfer your cash, assets and investments is one of the most important.
Regulation,Tax & Compliance
05/28/2020
The African Union Development Agency (AUDA-NEPAD) and Ecobank Group announce the key focus areas of their joint initiative to support Africa’s Micro Small and Medium Enterprises
Micro Small and Medium Enterprises (MSMEs) are critical to the African economy as they account for almost 85% of all private sector employment
05/28/2020
Bill proposes CBK-rate fee on late payments
In last month’s meeting, the Monetary Policy Committee made a 25-basis point cut in the base rate, to seven percent from 7.5 percent, which marked the fourth straight cut in the rate since the November 2019 meeting.
05/28/2020
Africa Beyond Covid-19: Global leaders urge government, private sector collaboration
Through this virtual panel discussion, leaders emphasised the need for meaningful collaboration between governments and the private sector, as a requirement for the quick recovery of the economy of the African continent post-Covid-19.
05/28/2020
US Treasury pressure leads to new probe of African Development Bank chief
Unidentified whistleblowers accused Adesina, 60, of handing contracts to acquaintances and appointing relatives to strategic positions.
05/27/2020
Global lenders back plan for SMEs loans guarantee scheme
Restaurants, bars and retail stores are already struggling with a decline in customer demand, repayment of bank loans, rent and utility bills, amid worries of a spike in non-performing loans under the sector.
05/27/2020
U.S. Treasury Pressure Leads to New Probe of African Development Bank Chief
Adesina didn’t immediately respond to an emailed request sent after regular business hours seeking comment, while a call to his mobile phone didn’t connect.
05/27/2020
Senegal tears up its double tax treaty with Mauritius
Before the covid-19 pandemic, Mauritius was ranked the second fastest-growing wealth market, beaten only by China.
05/27/2020
Stephen Koseff calls for JSE rule change to allow companies to quickly raise cash in times of crisis
Former Investec CEO says local equity markets has been closed during current crisis on account of rules that require shareholder approval to issue shares
05/26/2020
FinSwitch selects FNZ to provide blockchain technology to South African investment industry
The partnership will enable trading, reconciliations, account opening, pricing, transfers, sharing of instrument data, regulatory reporting, and more for FinSwitch clients.
05/26/2020
Relook new CRB regulation on banks
The regulation is an attempt to unlock credit to hard hit firms and individuals impacted by the coronavirus pandemic.
05/26/2020
US Treasury secretary demands independent probe of African Development Bank head
The intervention by the Treasury, the AfDB’s biggest non-African shareholder, comes two weeks after the ethics committee found no evidence to support allegations of favouritism by Adesina.
05/26/2020
Debt headache worsens as payments forecast to cross Sh1 trillion mark
Treasury chiefs project in the medium-term Budget Estimates that expenditure on servicing the country's rising debt will top Sh1.023 trillion in the year ending June 2022 from Sh904.7 billion next financial year starting July 2020.
05/26/2020
Regulatory Compliance Amidst Rising FinTechs in Ghana
FinTechs seek to harness the rapid growth in technology to transform the global financial ecosystem.
05/26/2020
Relook new CRB regulation on banks
Mervyn King uses this illustration to explain that in recent years central banks have been able to influence the path of the economy without making large moves.
05/25/2020
Fines: NSE makes over N154 million from banks, others
About 30 firms were fined for unauthorised publications, non-disclosure of material information, failure to file their financial statements by the due date.
05/25/2020
Africa and EU: A strengthening partnership - European Union’s new Africa strategy amidst COVID-19 uncertainty
The EU and Africa have partnered on addressing Africa's access to power for some time
05/22/2020
Going Private Transactions During Covid-19
The Courts in all of the jurisdictions above have proactively moved towards virtual hearings to facilitate the continued conduct of Court business.
05/22/2020
Equity restructures Sh92bn loans in Covid-19 soft landing
World Bank expects Kenya’s economic growth to slow down to 1.5 per cent this year, and contract by one per cent in the worst case.
05/22/2020
Investec calls for an acceleration of lockdown easing
Wainwright said even without Covid-19, the group's profits from continuing operations would have been down 10% because of the recessionary impact in SA and Brexit uncertainty in the UK.