08/03/2020
SA’s increasingly jaded corporate governance
The regulatory muscle being flexed by the bourse, and questionable claims of independence by some corporates.
Regulation,Tax & Compliance
08/03/2020
VBS can’t be revived: Reserve Bank
To date, the Reserve Bank said over 98% of deposit balances guaranteed by government have been claimed.
08/03/2020
SA’s increasingly jaded corporate governance
The regulatory muscle being flexed by the bourse, and questionable claims of independence by some corporates
08/02/2020
IMF and African Development Bank loans couldn’t even cover South Africa’s tax shortfall
To help the battered economy and fight the pandemic, South Africa has borrowed $4.3 billion from the IMF, R5 billion from the AfDB and $1 billion from the New Development Bank.
07/31/2020
Private sector credit growth hits 5-month low over Covid
Banks are taking a cautious approach in extending fresh credit in an environment where corporates and individuals are increasingly seeking extension on their loan repayments due to liquidity challenges.
07/31/2020
CBK revises remittances outlook on June recovery
Kenya’s remittances recovered sharply in June to Sh31 billion ($288 million) -- the second highest inflow in a single month-- after the sharp dip in April as coronavirus continued to hit the world economy.
07/31/2020
AfDB: Breaking down Adesina’s actual record as president
He also believed that his record would ensure his smooth re-election as president of the AfDB.
07/31/2020
Interview: AIIB offers better access to affordable capital to African members
The AIIB membership provides powerful guarantees of governments' policy directions
07/31/2020
RMB CEO: Tito’s Cabinet colleagues must help to push through business reforms
The former central bank governor has advocated pro-business reforms that have met opposition from some factions within the ruling party and its communist and labor union allies, which seek more government control over the economy.
07/31/2020
Access Bank of Nigeria set to enter Kenyan market
Access Bank, with its headquarters in Lagos, is one of the leading full service commercial banks operating through a network of 600 branches and service outlets in three continents.
07/31/2020
Reserve Bank to stay way from policies that have failed, historically: Kganyago
The Reserve Bank has been adamant that its buying of government debt in the secondary market since March is aimed at reducing market dysfunction, and is not quantitative easing.
07/30/2020
Banks restructure Sh844bn loans on Covid cash crunch
It highlights the financial struggles of many workers who had borrowed loans on the strength of their pay slips only to later suffer pay cuts, unpaid leave or even layoffs in certain cases.
07/30/2020
Ghanaian owned banks that are still thriving despite the banking crises
The Bank of Ghana in September 2017 raised the minimum capital reserve requirement from GHS 120 million to GHS 400 million for all universal banks in Ghana.
07/30/2020
African banks adopt robust measures against lockdown losses
They have eased capital reserve requirements, many of which were introduced in the aftermath of the 2008 global economic crash.
07/30/2020
RMB CEO Implores South African Leaders to Heed Mboweni Warnings
Formby says finance minister needs more government support
07/30/2020
CBK holds base lending rate at 7 per cent
“This is supported by lower food prices, the impact of the reduction of VAT and muted demand pressures,” Njoroge said.
07/30/2020
Be fraud smart, Access Bank urges customers
Over the last few months, the number of reported fraud cases has spiked considerably.
07/30/2020
Business interruption claims to cost Old Mutual over R650m
Group makes ‘settlement’ offer in the wake of financial regulators reaching a landmark agreement with insurers to assist virus-hit small businesses
07/30/2020
Zim bourse to resume trading - minus Old Mutual and PPC
Authorities said the investigations had failed to find direct evidence of involvement by the companies themselves in the trading of their shares, but that they would remain suspended.
07/29/2020
NMS to settle small traders’ pending bills
Mr Badi said they will use the Professor PLO Lumumba-led committee’s audit report on pending bills to determine genuine claims and make payments with other large amounts left to the county government to settle.