08/29/2017
Access Bank redeems $350m Eurobond
The implementation of a disciplined capital and liquidity plan ensured that the bank was proactive and focused on raising capital in the international market.
Regulation,Tax & Compliance
08/28/2017
Taxpayers get time bump-out for undisclosed foreign assets
Practitioners advise against waiting until the last minute.
08/28/2017
SACP slams Guptas over bid to 'expatriate yet more ill-gotten wealth'
Last week the Guptas, President Jacob Zuma’s personal friends, announced the sale of their media empire including 24-hours news channel ANN7 and The New Age newspaper to their ally
08/25/2017
Nigeria to offer liquidity support to boost Islamic banking
Nigeria's banking industry is dominated by lenders offering conventional products.
08/25/2017
Foreign assets and estate planning: What to consider
Forced succession may come into play.
08/25/2017
Nigeria to offer liquidity support to boost Islamic banking
Nigeria’s banking industry is dominated by lenders offering conventional products.
08/23/2017
S African expats must assess tax liability before September
If the proposals are enacted in their current form, expats living and working in countries where tax is not paid on their earnings will have to start paying up to 45% of the sum to the South African Revenue Service
08/23/2017
Angola to return to eurobond market through Russian bank VTB
The presidential order quoted by Portuguese news agency Lusa said, “as it is necessary to start work to investigate raising external financing through sovereign bonds of the Republic of Angola, the debt refinancing strategy with the VTB bank is appr
08/23/2017
The Guptas Dismantle Their South African Empire
We find that there’s been no real transfer of ownership.
08/22/2017
Ghana Is Said to Weigh Scaling Down $2.3 Billion Bond Plans
The ministry will consider more revenue sources before making a final decision on the size of the bond, the people said.
08/22/2017
Nigeria signs partnership agreement to curb tax evasion
The agreements will give Nigeria automatic exchange of tax and financial information among 101 tax jurisdictions.
08/21/2017
African tax authorities consider how to boost revenue
The African Tax Outlook 2017 includes the input of 21 national tax authorities and outlines steps for policymakers to rake in public funds that could be used to fuel development.
08/21/2017
Jaiz Takaful Insurance to pay claims within 7 days – CEO
When you walk into any conventional insurance company to insure a house.
08/21/2017
South Africa's Zuma signs financial regulation act into law
The Financial Services Board will become a dedicated market conduct regulator, tasked with ensuring consumers are treated fairly and financial firms' conduct complies with law.
08/21/2017
How Bitcoin could be regulated in South Africa
This is because it is a well-known and implemented concept with the South African financial markets, with SRO status already conferred upon the JSE Limited and the central securities depository.
08/18/2017
Absa Bank concludes US$100mn agreement with CDB
The initial drawdown is based on Absa’s current funding needs
08/17/2017
Nigeria signs both the Multilateral BEPS Convention and the CRS Multilateral Competent Authority Agreement to tackle international tax avoidance and evasion
Nigeria becomes the 71st jurisdiction to sign the MLI and the 94th jurisdiction to join the CRS MCAA.
08/16/2017
Mauritius and Switzerland sign Foreign Office Consultation Mechanism
In her address, the Secretary for Foreign Affairs highlighted that both Switzerland and Mauritius share friendly and warm ties
08/16/2017
CA approves RMB, Investec deal
The Competition Authority has conditionally authorised a deal in which the private equity units of Rand Merchant Bank and Investec Asset Management are buying 10 Botswana companies that are mostly suppliers to the Choppies Group and other retailers.
08/15/2017
Court quashes proposal to change South Africa's central bank mandate
She would do well to reflect more deeply on her conduct in this investigation and the criticism of her by the Governor of the Reserve Bank and the Speaker of Parliament.