Managers of Wealth Africa

FG Swoops On Tax Evaders In Maitama, Asokoro, Others

The FIRS source disclosed that government is now in possession of relevant intelligence on the identity of owners across the country from state governments.

SARS collects R3.3 billion from South Africans with unauthorised overseas assets

“The R3.3 billion includes agreements to pay SARS following information contained in the ‘Panama Papers’,” it said.

ANC withdraws motion to debate nationalisation of Reserve Bank

This would mean that the existing structure of private shareholders within the central bank would fall away.

Pension Fund: Reps Summon Maina, Malami, Oyo-Ita

We are not here to witch hunt anybody but at the same time will not allow anybody to take this committee for granted

Employers shrug off Tier-2 pension for millions of workers

Meanwhile, the NPRA, regulator of the country’s pensions industry, including SSNIT, says it lacks the power to take on employers that flout the law, which it cited for the low compliance rate.

EU deals Tunisia another heavy blow

The following day, World Bank official Marouane Al Abbasi was appointed by the Tunisian Parliament as his successor.

Anti-money laundering laws expose our financial sector’s soft underbelly

This was a shift from his predecessor who was concerned more about financial inclusion and bank managed to escape with their sins.

Pension funds: a looter continual

Hawks were asked to investigate plunder of Bosele National Provident Fund years ago, but are still unable to answer questions about it

Changes to S Africa’s Regulation 28 welcomed by asset managers

The changes to pensions fall under Regulation 28 of the Pension Funds Act.

Group petitions President Buhari over alleged fraud in PENCOM

The Alliance urged the present management “to immediately establish an edifying procedure

Guernsey regulation works for South African investment vehicle

APBL is incorporated in Guernsey and listed on the Bermuda Stock Exchange, offering investors regulatory protection across a number of jurisdictions.

Reserve Bank and Treasury pushed for smaller African Bank fine

It prompted a call by DA spokesman for trade and industry Dean Macpherson for an investigation into the matter by Parliament’s trade and industry committee.

South Africa budget increases wealth tax

Both measures will take effect on 1 March.

Africa addresses anti-corruption compliance culture

Rapinet made reference to his firm’s research – Steering the Course – on anti-corruption compliance

South African Reserve Bank plans to regulate cryptocurrencies, possibly FinTech

The South African Reserve Bank (SARB) has a responsibility to promote a sound and effectively regulated financial system. The SARB therefore takes a balanced approach to technological innovations, considering the potential benefits and risks of each innov

Regulation,Tax & Compliance