06/27/2021
Central bank head confident South Africa can weather global interest rate rises
Continent’s most industrialised country is less vulnerable now than last year, says Lesetja Kganyago
06/23/2021
“This calls for a carefully calibrated set of policy and administrative measures that can grow revenues without discouraging investment.
06/21/2021
Daily SA trading hit R2-billion in January. Government wants oversight.
06/20/2021
The Central Bank also directed banks and SDIs to desist from calculating interest rates on borrowing monthly instead of annually in accordance with section 55 (2) of the Borrowers and Lenders Act.
06/18/2021
In this case, Mr van Zyl appealed against the High Court decision which found in favour of Auto Commodities (Pty) Ltd
06/18/2021
Zambia: African Development Bank approves $1.4 million grant to improve household food security in the wake of Covid-19
The Zambian project is in line with the Bank’s High 5 strategic priorities, specifically, Feed Africa, Industrialize Africa, and Improve the quality of life for the people of Africa
06/18/2021
Already a top trader of South African government bonds, Goldman is ramping up financing in the country, muscling into an area dominated by local lenders such as Standard Bank and FirstRand.
06/18/2021
FNB risk spokesperson Nadiah Maharaj adamantly refused to acknowledge any relationship with the fraud-accused company.
06/18/2021
The code of conduct outlines when a bank is allowed to contact you through direct marketing, how and what consent must be given by customers, and any information that must be included in direct marketing plans.
06/18/2021
This follows a similar note from PwC in March when the group warned that South Africa is relying too heavily on income and direct taxes – most of which are from a declining base of taxpayers.
06/18/2021
“The bank aims to be a socially responsible organisation that will satisfy its customers across all touch-points.”
06/15/2021
A Partnership with Africa lays out the EIB’s track record in Africa and illustrates how the EIB believes it can deliver better in the years ahead
06/15/2021
Related to this, the updated guideline for insurance firms also made it explicitly clear that such funds are not required to set up sub-accounts provided they acquired the Paid-Up Status prior to December 2018.
06/15/2021
“It is not in the peak of the case in court that the Bank of Ghana will be summoned to parliament”, he pointed out.
06/15/2021
The IFWG said that its intention is not to regulate the actual crypto assets and associated products, but rather the entities that provide services in relation to such products.
06/14/2021
The IFWG paper also highlighted that the recent Ponzi scheme of a Bitcoin trader late last year and other cases of market abuse has brought about the need for tighter rules around the cryptocurrency market in the country.
06/11/2021
However, analysts note that just last month, the CBN’s Monetary Policy Committee ( MPC) noted in the communiqué it issued at the end of its meeting that the banking industry is in good health.
06/11/2021
“This will encourage receipt of voluntary information to KRA thereby bolstering tax compliance and revenue collection,” Mr Yatani said in his Budget speech yesterday.
06/09/2021
According to Tilemann, the funding provided by DEG is partly supported by EB-SME Finance Fund Emerging Markets, while the fund’s adviser is a 100% subsidiary of Evangelische Bank (EB).
06/09/2021
The proposed rules also stated that eligible projects should also target people living below the poverty line, excluded and/or marginalised populations and/or communities, vulnerable groups, and with disabilities.