07/14/2023
Rand surges in South Africa – but it’s not plain sailing
As a result, the tamer inflation dented the dollar – strengthening the rand.
Regulation,Tax & Compliance
07/13/2023
Catch-22 for South Africa, says Reserve Bank
Recent capital flows into South Africa have permitted the build-up of a large sovereign debt position, which has eroded potential growth, the governor said.
07/13/2023
Investors-confidence now boosted, says NGX
He added that the Exchange would also increase its advocacy for listed companies on their challenges.
07/13/2023
New laws to tackle corruption and protect whistleblowers in South Africa
“Whistleblowers need to be encouraged to report instances of fraud and corruption and need to be protected from victimisation, prejudice, or harm.”
07/11/2023
Warning over new bank scam in South Africa
The FSCA said that consumers must exercise extreme vigilance and caution when approached by unknown individuals or organisations asking for this.
07/10/2023
African and global institutional investors sign on to new $500m infrastructure fund
The African Development Bank is investing $20 million in equity in the Africa50 Infrastructure Acceleration Fund.
07/07/2023
King Charles begins unemployment scheme in Nigeria
The Chief Executive Officer of Prince’s Trust International, Will Straw, said the initiative was billed to commence in the aftermath of King Charles’ visit to Nigeria in 2018 but was delayed due to the outbreak of the Covid-19 pandemic.
07/07/2023
Money laundering: CBN places Cameroon, Vietnam, Croatia on watchlist
The Financial Action Task Force is an international body whose purpose is to develop and promote measures to combat money laundering, terrorist and proliferation financing.
07/07/2023
South African rand slightly stronger as dollar slips
At 0650 GMT, the rand traded at 18.7550 against the dollar , around 0.15% stronger than its previous close
07/06/2023
South Africa’s central bank governor says single Africa currency is "impossible"
Adopting a region-wide common currency was a political project that cannot work without macroeconomic convergence
07/06/2023
New currency for South Africa, Russia and China – Treasury responds
“is a very long way from becoming a reserve currency,”
07/05/2023
Fintech helps counter non-compliance by 72% of SA's SMEs
Every registered company must meet certain requirements to remain active and trading in South Africa
07/04/2023
Weak shilling raises Kenya debt repayment
International lenders largely use the London Inter-Bank Offered Rate (Libor)
07/04/2023
Ecobank, Access, others seal pact to revolutionise cross-border transactions
The synergy would also pave the way for enhanced efficiency, transparency and reliability in intra-African settlement.
07/04/2023
UBA, Access Bank, three others to lead Africa’s payment settlements
The partners said the agreements signified a step forward in the pursuit of seamless cross-border trade payments throughout the almost 40 countries covered by the banks.
07/04/2023
Nedbank ups asset protection standards
“We hold these assets in physical or electronic form, and we also manage financial accounts, handle settlements, and deal with compliance and tax issues,”
07/04/2023
Interest rate trouble ahead
“The bank warned that at least one more hike would be necessary this year. A hawkish tone was notable in other parts of Europe as well,”
07/03/2023
Ramaphosa grants millionaire ministers a 3% salary increase
Ramaphosa has submitted the notice of his decision to parliament for approval before publication regarding the salaries of judges and magistrates.
07/03/2023
SRC to press on with salary review despite President Ruto protests
The SRC said it has accommodated the President’s remarks, likening them to any other comments made at the public participation stage.
06/29/2023
Five African multinational banks embrace PAPSS new settlement model
The signature of these Memorandums signifies a monumental step forward in the pursuit of seamless cross-border trade payments throughout the almost 40 countries covered by these Banks.