Managers of Wealth Africa

Nigeria incurs N315 billion in currency management cost

Currency issue expenses cover the printing, processing, distribution, and disposal of currency notes.

Standard Bank must pay back the money

It paid out more than R2.1m from a deceased estate to a fake executor and tried to argue that it followed proper due diligence.

CBN Emphasizes Financial Inclusion

In the report, Roland Berger noted that 36 percent of an adult population of 85 million were served by financial services compared with 68 percent in South Africa and 41 percent in Kenya.

Warning over disturbing bank scam making the rounds in South Africa

In extreme cases, victims are manipulated into transferring funds to these scammers.

Companies forced to shut down in South Africa

Although March’s statistics indicate an overall improvement, the notable increase in compulsory liquidations is a cause for concern.

IMF says Ghana can payback debts

Mr. Roudet was responding to a question posed by the Ghana News Agency on the capability of the government to meet its payables on the back of a large accumulation in 2024.

Legal storm brewing over South Africa’s new employment laws

Despite decades of implementing such laws in South Africa, the pace of transformation has not met the government’s expectations.

Zimbabwe resumes gold coin minting amid soaring bullion prices

The 22-carat coins halted in July, are once again available through the country's banks

PenCom Engages NERC on Regulatory Collaboration

NERC Chairman, Garba, highlighted the significance of collaborations for commissions and regulatory agencies to better fulfill their mandates.

CBN issues directives on export proceeds over $2,000

This is expected to enhance the flexibility and efficiency of transactions, reducing reliance on the central bank.

Big question over VAT reversal in South Africa

The Finance Ministry has already gazetted its intention to introduce the new Rates Bill in parliament.

CBK gives banks up to October 2025 after issuing final guidelines on capital requirements

These guidelines introduce stringent requirements for liquidity management and capital adequacy to safeguard against financial shocks and promote sustainable growth.

When the rand was stronger than the dollar

This included a 30% tariff on South African goods, which has now been reduced to the global minimum of 10%.

Ministry of Finance to audit payables, commitments to validate legitimacy

Dr Forson said the government would ensure that its objectives remained on track, despite the challenges faced with implementation.

SA’s new rules on short selling come up … short

It will be impossible to get international brokers to comply.

African Development Bank and ECOWAS hold technical session on strengthening regional integration in West Africa

The meeting was chaired by Vice President for Regional Development, Integration and Business Delivery of the Bank Group Nnenna Nwabufo

South African province in crisis, and 125,000 jobs at risk

Analysts noted that the rand will continue to be influenced by news regarding the future of South Africa’s generally business-friendly Government of National Unity.

Vindication of R25 fee as EasyEquities inflows soar to R5.3bn

Six-month intake is two thirds higher than a year ago

Sanlam Kenya's Sh2.5 billion rights issue to open on April 25

The rights issue follows shareholder approval late last year during an extraordinary general meeting

Regulatory overload could stifle the crypto boom

Opening a crypto exchange was once seen as a fast track to riches, but the compliance burden is placing many smaller firms on the edge.

Regulation,Tax & Compliance