Managers of Wealth Africa

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.

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.

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.

Businesses and households that don’t have to pay minimum wage in South Africa

The wage does not include the payment of allowances such as transport, tools, food or accommodation

Treasury sets cash, hiring limits in spending shocker

Treasury Cabinet Secretary Njuguna Ndung’u said the fixed monthly cash disbursements to MDAs will be tied to available funds with priority given to four categories of expenditure.

Namibia moves to strengthen financial sector and protect customers

Under the new bill, the minister of finance will be granted the authority to oversee and regulate banking fees, ensuring fair practices and protecting customers from overcharging.

CBN reviews limits on contactless transactions

The first circular contains guidelines for banks, other financial institutions, and payments service providers on contactless payments.

EBRD and Bank of Africa support MSMEs and trade in Morocco

BOA is the third-largest bank in Morocco.

FG, banks plan special ID cards for senior citizens

Omokaro called for public-private partnerships in the production of the ID cards.

SARS warns of new scam targeting taxpayers – this is what it looks like

SARS frequently reports on and updates its comprehensive list of over 300 scams trying to exploit the tax authority’s name.

Naira devaluation pushes up vehicles duties by 40%

Stakeholders said the policy would lead to job losses in the maritime sector and a drastic fall in the number of imported vehicles.

South Africa’s economy not in crisis: Reserve Bank

The central bank’s monetary policy committee has raised the benchmark rate at its 10 past meetings with the aim of bringing inflation back to the 4.5% midpoint of its target range

Mixed bag for taxpayers in 51 Finance Bill changes

Duty on imported fish falls to 10 percent from the proposed 20 percent.

Kenya sees shilling falling to 150 mark against dollar next June

A new report by the Treasury projects the country will pay a total Sh301,513,774,986 for $2 billion international sovereign bond.

Keep away from QZ Asset Management – BoN

It is reported that QZ Asset Management’s primary goal is to build innovative portfolios that provide superior, long-term investment returns

Reserve Bank is making changes for its interest rate decision next month

The accuracy of gross domestic product growth forecasts was relatively unchanged, according to the paper.

Shilling breaches 140 to dollar as new CBK boss Kamau Thugge takes charge

The market will now be watching the new tricks that Dr Thugge, who served as the International Monetary Fund (IMF) Mission Chief to Botswana and Lesotho in the wake of the global financial crisis, will pull from his bag to stem the slide.

The big problems South Africa just can’t seem to shake

On South Africa, the IIF notes, “the near-term direction of nonresident capital flows

SEC reiterates commitment to market digitalisation: Nigeria

The assurance was given by Director General of the SEC, Mr. Lamido Yuguda during an interaction session

Government is cracking down on trusts and businesses in South Africa: report

This critical step towards South Africa’s removal from the FATF greylist was among the eight areas of strategic deficiencies identified by the FATF that required South Africa to address.

Regulation,Tax & Compliance