09/21/2023
Interest rates in South Africa have remained unchanged since May, but the US hiked rates by 25 basis points in both May and July, raising its Bank rate by 5.25% in total compared to South Africa’s 4.75%.
09/20/2023
Treasury defines unauthorised spending as overspending or spending that is not for the purpose it was intended.
09/19/2023
The Global SME Finance Awards 2023 is organized by the SME Finance Forum and endorsed by the G20’s Global Partnership for Financial Inclusion (GPFI).
09/18/2023
The partners will work with policymakers, financial regulators, and other key stakeholders across the 20 target countries to design and implement these reforms.
09/15/2023
Digital platforms have grown significantly over the years, and the transition to digital news has seen advertising revenues in the media space decline significantly.
09/14/2023
The Treasury has not signalled the rate at which the minimum tax will apply.
09/14/2023
Tax Consulting said that these taxpayers may have felt a false sense of comfort from the seeming hesitance of SARS to actively enforce its mandate through criminal enforcement.
09/12/2023
Banks have historically sold dollars at spreads of between six and 10 units from the official exchange rate
09/12/2023
DhowCSD is an over-the-counter trading platform meant to ease trading in government securities. It allows Kenyans abroad to participate.
09/11/2023
The adoption of Islamic finance, which doesn’t allow the charging of interest, could unlock significant growth in East Africa’s third-biggest economy by attracting customers who have avoided traditional lenders on religious grounds.
09/11/2023
In total, it has hiked by 125 basis points since June 2022.
09/11/2023
The spring from which the encashment of an expat’s retirement funds flow is the formalisation of their cessation of tax residency.
09/11/2023
Islamic Banking is a phrase used to refer to the banking services that follow Islamic principles, which bar the charging of interest on a loan.
09/08/2023
This is an innovative fund to address the plight of migrant workers.
09/08/2023
Proposals in the amendments would see it become compulsory to disclose the pay gaps between top executives and lowest-paid workers
09/08/2023
The rules will also “compel applicants for access to undertake procedures which are onerous and prejudicial,” G7 Chief Executive Officer Kilian Hagemann said.
09/07/2023
Director General of SEC, Mr Lamido Yuguda, said this at the 2023 Chartered Institute of Bankers (CIBN) graduates induction and prize award recently
09/06/2023
President Museveni recently signed an amendment to authorise Sharia-compliant banking
09/06/2023
She told Budget and Appropriations Committee chairman at the event that she would raise the issue with the National Assembly.
09/05/2023
In 2020, the Treasury had forecast a primary surplus for three years as well as the stabilization of debt as a percentage of gross domestic product in 2025.