02/22/2017
On the implementation of the new rate of pension contributions, she said under the defunct PRA 2004, the rate of pension contribution for Federal Government employees was a minimum of 15 per cent of monthly pay.
02/22/2017
Mr Makamba revealed further that the government was currently drafting regulations on the packaging of hard liquor
02/22/2017
The impact of this declaration was that an unregulated portfolio of a hedge fund was required to transition to a regulated portfolio of a hedge fund collective investment scheme.
02/21/2017
This figure does not exceed 10% of Citibank N.A.’s annual turnover in the Republic of South Africa.
02/21/2017
BNA has been imposing on Angolan commercial banks the adoption of best practices in financial regulation and supervision, and as a result of this effort seven of the largest banks operating in Angola have already adopted International Accounting and Repor
02/21/2017
This follows earlier reports that Absa would be granted immunity as the first bank to come forward on the price-fixing scheme and for further co-operation with regulators.
02/21/2017
The settlement is estimated at 10% of Citibank’s annual turnover in the country.
02/21/2017
The local lenders have around a 90 percent market share of the South African banking market.
02/20/2017
Revenue Mobilisation Taskforce To Enforce Tax Compliance
The amount collected is GH¢44.73 million more than the GH¢138.82 million collected in 2015.
02/20/2017
Nigeria to boost FX sales to retail users to help narrow black market rates
The bank has been trying to clear the backlog via forward contracts sold to manufacturing, agriculture and airline companies
02/20/2017
The national treasury also noted that the matter has reached a stage where the banks have to answer for themselves.
02/20/2017
These acts of corruption have crudely exposed the ethical crisis in the South African banking sector.
02/20/2017
It is also widely known that South Africa's VAT rate is low when compared to other African countries, which is why we believe there is scope to increase.
02/20/2017
The double taxation agreements provide exemption from taxes for national air carriers and government investments om the origin-based taxes.
02/17/2017
Citigroup, Barclays said to assist on rand probe to avoid fine
Their disclosures to the Competition Commission could save them from being penalised if the information they provided is proven correct
02/17/2017
Reps caution on management of contributory pension fund
There is therefore an urgent need for a regulatory framework to guide practitioners in the industry.
02/17/2017
The government will act against bank collusion, Jacob Zuma says
The President was commenting on the price-fixing scandal involving three of SA’s biggest banks — Standard Bank‚ Absa and Investec
02/17/2017
Standard Bank may have to pay R51bn fine over forex
But the implicated banks would have to pay much less if the fine were calculated on the turnover of their currency units, said Intellidex analyst Stuart Theobald
02/16/2017
The banks involved include Absa, Standard Bank, Investec, HSBC and Momura International plc.
02/16/2017
They did this allegedly by making fictitious sales to drive up demand and change prices‚ or agreeing not to trade for a period of time.