04/14/2023
Watchdog starts probe on banks for dollar price fixing
This mirrors the heightened probe of global banks years ago in Europe, Asia, the United States and South Africa over allegations of price-rigging in currency markets.
Regulation,Tax & Compliance
04/14/2023
Big push to overhaul visas in South Africa
The president added that as the government is reforming the visa regime, it is investing in skills development to ensure that domestically there is no longer a massive skills deficiency.
04/14/2023
Businesses respond to new BEE and transformation laws
According to Coovadia, a notable issue relates to measuring complaints and issuing compliance certificates as a licence to do business with the state.
04/11/2023
ADF approves $8m to improve banking system in West Africa
“Approval of funding from the bank’s concessional lending window was made on March 29,”
04/11/2023
West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone
The new bank identification system will link banking accounts of individuals across different financial service providers.
04/11/2023
Bridging The Payment System Gap
With all the inherent positives, still there existed room for expansion in the system to ensure a thriving and competitive payments landscape in Nigeria.
04/06/2023
Banks enter full compliance with stricter capital rules
This was meant to buy lenders time to bolster their balance sheets and spare weaker ones from having to immediately raise new funds to comply.
04/05/2023
The bright side of the Reserve Bank’s decision to hike rates
Key in the SARB’s decision to keep raising rates has also been the dismal state of the country’s trade balance, which measures the value of exports, less imports.
04/05/2023
New visas planned for South Africa
Action on Ramaphosa’s promises is now finally being taken.
04/04/2023
SARS is coming after these wealthy taxpayers and businesses
On top of this, SARS collected R14.9 billion from over 65,000 entities, including non-profit and public benefit organisations.
04/04/2023
Big changes for work hours in South Africa could be coming
The research tracked working hours in over 50 countries between 1950 and 2017, showing average working hours per employee on an annual basis.
04/03/2023
Watch out for these investment scams in South Africa
According to Greeff, even if research raises no red flags, you should still take the necessary steps to verify that the person you are doing business with is legitimate.
04/03/2023
South Africa’s big banks to face the music for rand manipulation
All the banks named in the findings lodged some objection or application against the commission
03/31/2023
How gold smugglers use top SA banks, bribes to launder money
The documents obtained by the I-Unit include ledgers, contracts and emails showing the process Khan and Rudland used.
03/31/2023
Ecobank Ghana and Ghana Post sign MoU to drive government’s financial inclusion agenda
The Ecobank Ghana Managing Director, Mr Dan Sackey, and the Deputy MD of Ghana Post, Kwaku Tabi Amponsah, signed the MoU and witnessed by Dr. Eddy Botchwey and Kwesi Owusu-Abrokwa.
03/30/2023
Rand strengthens as all eyes turn to the Reserve Bank
However, a slight positive movement for the domestic currency does not mean it is out of the woods, yet.
03/30/2023
Reserve Bank expected to hike interest rates to a 13-year high
The South African Reserve Bank “faces an unenviable conundrum of higher inflation forecasts plus higher risks
03/29/2023
KRA flags betting millions paid in cash
The cash transactions have raised a red flag at a time when some punters are paying betting firms using untraceable cryptocurrencies such as bitcoin, making it difficult for KRA to collect taxes.
03/28/2023
Rich Kenyans dollar savings grow to Sh320bn amid shortage
The corporate bodies accumulated Sh82 billion in absolute foreign currency deposits in the year compared to Sh51.3 billion in 2021.
03/28/2023
Shuttle diplomacy that rescued the shilling
During her vetting before Parliament, Dr Koech had told MPs she would seek to put in place a functional and vibrant interbank forex market if she were approved for the role.