10/12/2017
South Africa to woo investors at IMF meetings
All three agencies have warned that persistently low growth at struggling state firms heavily reliant on government bailouts pose significant risks to the country’s ratings.
Regulation,Tax & Compliance
10/12/2017
Revenue mobilisation in Africa continues to improve, says new report
A special chapter in the report discusses the role of domestic resource mobilisation in improving governance and the business environment, particularly in the African states classified as fragile.
10/12/2017
Bank of Baroda is said to be probed in South Africa over Guptas
Zuma and the family deny wrongdoing.
10/11/2017
Bank of Uganda releases Agent Banking Regulations
The Central Bank is also required to vet and approve each person selected by a financial institution to act as its agent for purposes of conducting agent banking.
10/11/2017
IMF raises concerns over weakness in Nigerian banks
The Economic Counsellor and Director of Research, IMF, Maurice Obstfeld, spoke at a press briefing at the Fund’s headquarters shortly after the release of the report.
10/11/2017
Finally some clarity on impending margin requirements for OTC derivatives
It is therefore reasonable for market participants to anticipate that the final Board Notice will be substantially similar to the Second Draft Board Notice
10/11/2017
State Bank of Mauritius makes non-binding offer to acquire some of Chase Bank’s assets
For its part, Société Générale seems to be satisfied with the subsidiary license it obtained few weeks ago
10/10/2017
Zambia: Boz Assures Ex-Intermarket Account Holders
Dr Ng'andu said the account holders would be paid as soon as the new management started operating.
10/10/2017
SG to meet new capital requirement — MD
This year’s Customer Service Week was designed to celebrate the commitment of customers who have stayed with the bank for 20 years or more.
10/09/2017
Kenya's central bank says has non-binding offer from Mauritius's SBM for Chase Bank
“If agreed, it is expected that the proposed transaction will be concluded by the end of 2017,” the central bank said.
10/09/2017
What SA couples can learn from Hugh Hefner's antenuptial contract
How to interpret an unclear or badly drafted will may have to be settled in court, said Brink, which can be a costly affair per se.
10/06/2017
Botswana Accounting Regulator Monitoring Lawsuit Against KPMG
The authority hasn’t received any complaints regarding KPMG Botswana’s conduct.
10/06/2017
South Africa: Proposed repeal of foreign employment income tax exemption
SA tax residents are taxable on their worldwide income.
10/06/2017
South Africa orders pension fund probe over possible irregularities
We need to assure pension holders that those with political or economic power will not be allowed to unduly influence the PIC.
10/05/2017
Malawi approves Islamic Banking, Sharia-compliant services
Once developed, the guidelines will be shared with each bank
10/05/2017
African Bank fully funds R3bn SA Reserve Bank's indemnity facility
The full funding of the Sarb indemnity facility by RDS releases the reserve bank and National Treasury of any further potential liability towards RDS.
10/05/2017
Old Mutual's Nedbank Group deciding on McKinsey’s services
The controversies around the Gupta family have also spread to companies including auditors KPMG and public relations firm Bell Pottinger.
10/04/2017
Ghana’s new banking regulations shake up sector
The BoG, which moved quickly to investigate the liquidity levels of the remaining 34 commercial banks in the country, found that seven banks failed to meet the minimum capital requirement of C120m.
10/03/2017
SA Govt bailouts won't help SAA, says former finance minister Trevor Manuel
Citibank demanded R1.8 billion by the end of September.
10/03/2017
Pressure grows on KPMG as Munich Re Africa drops it as auditor
Munich Re’s decision was taken last Friday, Conradie said