Managers of Wealth Africa

Tatu City, Absa Bank sign mortgage financing deal

Tatu City head of residential sales Beatrice Njeri said the partnership is aimed at making home ownership accessible to all income earners.

African countries make headway in tackling tax evasion and money laundering, report says

It provides comparable tax transparency statistics to aid decision makers to address illicit fund flows.

Conduct standard on net asset valuation calculation and pricing for CIS portfolios published

The Conduct Standard comes into operation in mid-November 2020, six months after the date of publication, allowing a transitional period for Mancos to ensure compliance with the Conduct Standard.

South Africa not winning the fight against corruption, yet - NPA boss Shamila Batohi

DA MP Glynnis Breytenbach questioned whether there were enough investigators and prosecutors.

Standard Bank taps Salesforce to enhance digital banking experience

The company will also allow the clients to use the bank’s platform to create such solutions for themselves.

House rejects banks’ attempt to cut taxation

The institutions said the amendment would align the computation of bad debts provisions for tax purposes to those of the CBK, which would effectively reduce the challenge of tracking every transaction.

Equity applies brakes on expansion after Mara flop

Equity Bank’s plan to acquire 100 per cent shareholding in BancABC of Zambia, Mozambique and Tanzania including 62 per cent of the shares of Banque Populaire du Rwanda Ltd fell through last week after 16 months of negotiations with Atlas Mara Ltd (A

IMF says South Africa loan talks occurring at measured pace

The pandemic has forced the ruling African National Congress to end its long-held resistance to borrowing from the IMF and the National Treasury requested assistance to cover virus-related spending at the end of April.

Can AFCFTA Deliver On What It Promises?

While the AfCFTA agreement does not itself regulate the protection of investments

Zimbabwe stops stock exchange trading and mobile money transactions to stabilise currency

Inflation in the southern African nation is at 786% and its economy is forecast to shrink as much as 10% this year, according to the World Bank

Six financial ombuds offices are lost in limbo

The Financial Sector Regulation Act was introduced to the National Assembly way back in October 2015 and in part establishes a new ombud structure as a national public entity for the purposes of the Public Finance Management Act.

African Anti-graft Agencies Move to Halt Movement of Illicit Funds

“There is a lot of loot in Ghana. We are already talking with them and plans are in place to recover them. We will recover them”,

African countries making headway in tackling tax evasion and money laundering, 2020 Tax Transparency report says

The report provides comparable tax transparency statistics to aid decision makers to address illicit fund flows. The 2020 report covers 32 Global Forum member countries, and three non-members: Angola, Guinea Bissau and Malawi.

Nedbank, 702 and CapeTalk launch their 'Nedbank Business Ignite campaign'

The campaign will be on air again on 702 and CapeTalk on Mondy, 29 June with the focus on helping small businesses and entrepreneurs to transform their businesses after the COVID-19 pandemic.

Ghana bank governor fears ballooning deficit not sustainable

The bank's Monetary Policy Committee will meet in July and assess the impact of current measures.

Keep more of your money

Are you future ready? Considerations to maximise your after-tax income.

Standard Bank heading for another action-packed AGM

NGO shareholder activist Just Share has led the charge with a call to shareholders of the biggest bank in South Africa to vote against the re-election of five “climate-conflicted” directors.

African Bank warns over increase in defaults on loans amid Covid-19 pandemic

Excluding the Covid-19 specific adjustment, the bank said it recorded a net profit after tax of R85 million on a pre-Covid-19 adjustment basis

Equity Bank scraps ATMA acquisition plans due to Covid-19 uncertainty

“After careful consideration, EGH and ATMA have mutually agreed to discontinue discussions on the transaction for the foreseeable future.”

African Development Bank ranks 4th on global index of transparency

Publish What You Fund ranked the Bank ‘very good’ — The highest of the five categories used to assess organisations’ transparency

Regulation,Tax & Compliance