08/30/2017
South African watchdog ends talks with banks over forex probe
The Commission launched the investigation in April 2015, joining a global clamp down that has led to big banks being fined around $10 billion in total
Regulation,Tax & Compliance
08/30/2017
Morocco ready to use ECOWAS’ single currency once adopted
There is also the Bank of Africa group (BOA), which is present in eight member-states of the West African Economic and Monetary Union (WAEMU)
08/29/2017
HCI unit may dismiss KPMG as auditor over Gupta links
Grant Thornton, which is not one of the big four audit firms, audits most of the companies in the HCI stable.
08/29/2017
Isle of Man strengthens Commonwealth connection
The Commonwealth Enterprise and Investment Council brings government heads and business leaders together to promote trade and investment across the Commonwealth
08/29/2017
Nigeria's UBA makes provision on loans to 9mobile
"We have taken a general loan loss provision on Etisalat," UBA Chief Executive Kennedy Uzoka told an analysts call.
08/29/2017
India: Protocol For Amendment Of Indo-Mauritius Double Taxation Avoidance Treaty
The Ministry of Finance, Government of India, has issued a Press Note dated May 10, 2016 that marks a turning point in India's venture with tax avoidance.
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.
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.