09/13/2015
Bankers defer blame on Rwanda rates
During the latest presentation of the monetary policy and financial stability committee statements he asked commercial banks why.
Regulation,Tax & Compliance
09/12/2015
Corporate incest that killed Tetrad
It is understood that the venture was killed by declining business volumes, an illiquid market and corporate incest.
09/09/2015
SEC suspends Stanbic IBTC’s N20.4b rights issue, as shareholders allege unapproved transactions
The Executive Secretary/Chief Executive Officer, FRC, Mr. Jim Obazee, stated that the move was in response to a petition written by shareholders of the bank
09/07/2015
Fears that banning broker commissions could hit clients
The review has proposals geared at tackling these.
09/04/2015
Illicit flow of funds costing Africa R50b annually
Africa loses more than R50bn every year as a result of the illicit flow of funds, former president Thabo Mbeki has said.
09/03/2015
Bankers welcome BoG’s approval of Islamic banking in Ghana
The Bank of Ghana has revealed it will complete the process to issue the first Islamic banking license in Ghana in the next 4 months.
09/02/2015
African Bank report out soon
An investigation into whether fraud or reckless lending was responsible for the collapse of African Bank Investments in August 2014 will be published by the South African Reserve Bank by year end.
08/30/2015
IMF comes to town
THE International Monetary Fund team will jet in tomorrow for a review of the second economic reform plan for Zimbabwe amid indications that the country has met some of its set targets.
08/30/2015
Investors lose Sh470 billion in six months as companies bleed
Investors have lost about Sh470 billion on the stock market since prices of shares started falling six months ago, bruised by a volatile Kenyan currency, inflation and high interest rate regime. The losses have seen companies listed on the Nairobi Securit
08/28/2015
African Bank Wins Regulator Approvals to Set Up `Good Bank'
The “good bank” has applied for a credit provider license from the National Credit Regulator
08/28/2015
Protocol Amending Cyprus-South Africa Double Tax Agreement Signed
The protocol aligns the definition of a 'resident of a contracting state' with the 2010 Organisation for Economic Cooperation and Development Model Convention.
08/27/2015
Banks may benefit from new CBN policy reviewing COT
The CBN also requested the banks to send a list of products and services that were existing as at 31 March 2013
08/27/2015
South Africa's Abil says its "Good Bank" receives approval from central bank
Troubled South African lender African Bank, said on Thursday its so-called "good bank" has been given a go-ahead to start operations by the central bank
08/25/2015
CBK orders liquidation of Dubai Bank Kenya following cash flow problems
The recommendation was premised on the review of Dubai Bank Kenya Limited by KDIC after appointment as receiver by CBK.
08/21/2015
CBN Finalises Guidelines for Diaspora BVN Enrolment
The banking sector regulator explained that the plan was to roll out in 12 locations in the first phase.
08/20/2015
Proposed Unilateral Extension of Prescription by SARS
A number of issues arise from this proposed amendment.
08/20/2015
FATCA legislation to impact SA financial services sector
FATCA is poorly understood and adopted by companies in South Africa, mostly because it is perceived that the expertise level required for compliance is low and compliance measures are expensive.
08/19/2015
Taxation of estates to also be revisited?
The Minister of Finance instructed the DTC to enquire into “the progressivity of the tax system and the role and continued relevance of estate duty to support a more equitable and progressive tax system”
08/18/2015
Attractive tax rules for foreign expatriates
These individuals also more commonly known as 'short-term business travellers' are generally physically present in SA for periods ranging from two weeks to four months at a time.
08/18/2015
Banks Win Bid To Manage Lagos Treasury Single Account
LEADERSHIP investigation showed that the bank chiefs and financial experts had also met with the state government officials to ruminate on the modalities of maintaining a single account for all the transactions in the banks.