Managers of Wealth Africa

Israel, World Bank Sign Three Agreements to Cooperate in Africa

We are cooperating on so many projects especially in agriculture and water conservation.

Nigeria says sees no need to go to IMF, plans its own reforms

For us the IMF is really a lender of last resort when you have balance of payments problem.

Govt yet to implement 18% pension contribution, says PenCom DG

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.

Tanzania: Ban On 'Viroba' to Help State Control Rampant Tax Evasion

Mr Makamba revealed further that the government was currently drafting regulations on the packaging of hard liquor

Does the regulation of a hedge fund as a collective investment scheme result in different tax implications?

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.

Citigroup settles on $5 million fine with South African authorities on forex collusion case

This figure does not exceed 10% of Citibank N.A.’s annual turnover in the Republic of South Africa.

National Bank of Angola Reveals International Recognition Strategy in Paris

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

It’s official: Absa won’t face punishment for rand price-fixing

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.

Crush white masculinity in colluding banks

The settlement is estimated at 10% of Citibank’s annual turnover in the country.

South Africa grants Barclays Africa immunity in FX rigging probe

The local lenders have around a 90 percent market share of the South African banking market.

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.

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

South African banks ordered to respond to rand price-fixing allegations

The national treasury also noted that the matter has reached a stage where the banks have to answer for themselves.

Zuma's hand strengthened in battle with banks and white monopoly capital

These acts of corruption have crudely exposed the ethical crisis in the South African banking sector.

South Africa: Why Finance Minister Gordhan Should Raise VAT By 2%

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.

MoF signs two agreements on avoidance of double taxation

The double taxation agreements provide exemption from taxes for national air carriers and government investments om the origin-based taxes.

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

Reps caution on management of contributory pension fund

There is therefore an urgent need for a regulatory framework to guide practitioners in the industry.

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

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

Regulation,Tax & Compliance