09/27/2017
Banks, pension managers, others stake N105bn on sukuk bond
It is hoped that with the success of the offer and the proceeds from it, the Ministry of Power, Works and Housing will begin work on the road projects in earnest, the DMO added.
Regulation,Tax & Compliance
09/27/2017
South Africa's rand, bonds take a beating on U.S. rate hike talk
Traders said South Africa’s dismal economic outlook and ongoing political turmoil was set to worsen sentiment toward the rand and sharpen the downward trend.
09/26/2017
Conjuring fears of systemic risk from KPMG disgrace delays the remedy
It is as unnecessary and unproductive to twist the knife further as it is unnecessary and unproductive to support KPMG for reasons that fail to pass muster.
09/25/2017
More banks considering mergers, takeover– BoG
Dr. Addison assured that there will be guidelines to supervise the smooth implementation of the mergers and takeovers.
09/25/2017
Cryptocurrency Wave 'Cannot Be Stopped'
Other topics addressed included how blockchains can help move payments across borders.
09/22/2017
Algeria: six government banks to offer islamic banking by 2018
The process will be approved in four other government banks in 2018.
09/22/2017
Court ruling leaves Gupta employees without a bank, what now?
Judge Hans Fabricius said the Gupta companies had not pleaded a cause of action based on provisions of Section 34 of the Constitution and dismissed their application.
09/21/2017
Finance Ministry Approves Life Ban on Stockbroker by SEC
His victims were Chairman of Standard Shareholders Association of Nigeria.
09/21/2017
Societe Generale opens a Representative Office in Kenya
The bank now operates in 19 countries in Africa and has built a vast, continent-wide network with more than 3 million retail clients, including 150,000 businesses.
09/21/2017
Banks could decide KPMG future in South Africa
The meeting will reportedly focus on everything from potential job losses, perceived risks as well as auditing regulations.
09/21/2017
Finance Minister Sketches Legislative Amendments to Ensure Financial Stability
On the current condition of the economy, the minister said “Domestic economic prospects have strengthened relative to the past year."
09/20/2017
State Bank of Mauritius may become first to open local subsidiary
We have identified 25 to 30 SME and retail clusters and our distribution is targeted around that.
09/20/2017
Six multimillion-rand clients reviewing KPMG ties
The auditing firm made an about-turn on its 2016 report.
09/20/2017
JSE-listed companies are divided on KPMG relationship
Some have fired, some are reviewing, and at least one is keeping the firm as auditors.
09/20/2017
Two more firms fire KPMG as corporate South Africa weighs links with auditor
KPMG, one of the biggest and most influential names in accounting, cleared out its South African leadership on Friday
09/19/2017
South African merger filing fees and intermediate merger thresholds to increase - ENSafrica
There is no increase to the large merger thresholds, which are currently set at ZAR6.6-billion
09/18/2017
Licensed to trade: SA’s first black controlled stock exchange gets green light
After a 17 month wait, South Africa’s first black controlled stock exchange has been licensed by the Financial Services Board.
09/15/2017
Scolded South African Central Bank Switches to Attack Mode
The bank’s monetary policy committee will probably cut the benchmark lending rate to 6.5 percent on Sept. 21
09/14/2017
Barclays Africa Reviews KPMG Relationship Amid Gupta Scandal
KPMG told Absa that it will provide more details when it presents the findings of its probe by the end of September, Barclays Africa said.
09/13/2017
Only 3 banks in line to meet capital requirements
The new minimum capital requirement is a 233 percent increment over the old GHC120 million benchmark.