11/17/2022
South Africa Reserve Bank adopts the new ISO standard
The adoption of the international standard is based on the increased regulation, ever-evolving cybersecurity threats, and customer demands for faster, more cost-effective payments.
Regulation,Tax & Compliance
11/16/2022
South Africa: Reserve Bank Warns of Procurement Scam
It should also be noted that all procurement at the SARB is centralised within its Procurement Division.
11/16/2022
Getting ready for ISO 20022
By now, most bankers know that ISO 20022 changes the format of SWIFT messages and, as such, has had a significant impact on IT teams.
11/15/2022
Relief for Absa bank in Sh1.5 billion secret information leakage order
The judge also certified the request as urgent and fixed it for hearing on December 14, 2022.
11/15/2022
UBA Reiterates Commitment to SMEs Development Across Africa
Because of our large network and pan-African presence, UBA is working with AfrEXIM Bank through the African Continental Free Trade Agreement
11/15/2022
South African Reserve Bank Modernises Payments by Adopting new International Standard
South Africa has become one of the first countries in the continent to adopt the International Organisation for Standardisation (ISO) financial messaging standard ISO 20022.
11/14/2022
African Development Bank rallies partners to support the flagship Desert to Power initiative to light up the Sahel
The event was an opportunity to present the Desert to Power program to potential partners and to rally investors toward its implementation.
11/14/2022
Naira Redesign: Access Bank Launches Saturday Banking, For Cash Deposits Across
The bank announced that as a result of the change, its locations will be open on Saturdays from 10 a.m. to 2 p.m. to accept cash deposits from customers who live in urban areas.
11/14/2022
Banks charge customers N715bn for electronic transactions, others
The fees and commissions included: credit related fees and commissions; account maintenance charges; corporate finance fees; e-business income; asset management fees; and commission on foreign exchange deals.
11/11/2022
Commit to professionalism to ensure high standards in banking industry
The conference sought to bring to the fore what the future looked like and how practitioners could navigate, survive and thrive amid the current disruptive challenges facing the banking sector and the national economy.
11/11/2022
BoG to review Cyber and Information Security Directive to ensure secured banking environment
It is therefore admonishing all RFIs to pay particular attention to the increased cyber security risks and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) issues associated with digitalization.
11/11/2022
Cannabis market stunted by misalignment of policy and law
SA has earmarked the sector as a growth industry but legislative uncertainty and regulatory hurdles effectively lock out local industry from competing in Europe
11/10/2022
Bank of Central African States to launch new banknotes, coins by mid-December
In Central Africa, the renewal of banknotes and coins takes place in principle every ten years.
11/09/2022
COP27: European Union concludes a strategic partnership with Namibia on sustainable raw materials and renewable hydrogen
The partnership will promote local value addition in Namibia by supporting the development of the mining and renewable hydrogen value chains.
11/09/2022
Banks hit big companies with higher interest rates
Personal loans to individuals were attracting an average interest rate of 13.2 percent in September, up from 12.1 percent a year earlier.
11/09/2022
Greylisting could shut South Africa out of certain financial markets
In the past year the South African local authorities have not done enough, nor acted fast enough, to address the recommendations from the FATF report
11/08/2022
CMA Licenses Salus Wealth Management Limited As An Investment Adviser
The market regulator also granted consent for the registration of the Kuza Asset Management Unit Trust Scheme
11/08/2022
Morocco, AfDB Sign Loan Deals to Boost Agriculture and Social Protection
Morocco seeks to mitigate the crisis affecting the agriculture sector- one of the key pillars of the country’s economy.
11/08/2022
Central bank assets enjoy ‘99%’ immunity
The International Tribunal for the Law of the Sea ordered Ghana to release the Libertad
11/08/2022
Naira redesign: CBN, banks ready for transition
Having put that behind, the CBN appears set to implement the Naira change as banks begin compliance with its directive to get ready for a smooth transition to the new currency note.