Managers of Wealth Africa

South Africa eyes national social security fund

All employers and employees will be obliged to ‘initially contribute 8-12% of qualifying earnings’

Proposed new state pension fund would wreak havoc - but Treasury says it's not govt policy

Its proposals will hold severe consequences for the investment industry.

Namibia: Fic Sets Ball Rolling On Unexplained Wealth

Dunn said the legislation will give appropriate law enforcement agencies the power to pursue UWOs.

Anti-graft war: EFCC advocates synergy with heads of security of banks

The EFCC boss while thanking the security chiefs for the assistance they have been rendering to the commission, urged them to continue to support the commission by treating requests and invitations from it with dispatch.

Experts List Measures to Address Nigeria’s Economic Crisis

Nevin pointed out that though the nation is rich, its dead assets remained a major bane to its economic growth.

African Development Bank debars Sargittarius Nigeria Limited and its affiliates for 18 months for fraudulent practices

At the expiry of the debarment period, Sargittarius Nigeria Limited will only be eligible to resume participation in African Development Bank Group-financed projects

4 tax changes planned for South Africa – including retirement and emigration

The application of a tax treaty between South Africa and the new tax resident country may, in some instances, result in South Africa forfeiting its taxing rights.

New rules for retirement fund withdrawals expected by 2022 - but be careful, say economists

Labour federation Cosatu has proposaMeanwhile, DA MP Dion George has put forward a private members bill, proposing amendments to the Pension Funds Act to allow households to use as much as 75% of their retirement funds as security for bank loans.ed that 3

New rules for retirement fund withdrawals expected by 2022 - but be careful, say economists

Meanwhile, DA MP Dion George has put forward a private members bill, proposing amendments to the Pension Funds Act to allow households to use as much as 75% of their retirement funds as security for bank loans.

African Development Bank Coding for Employment program marks milestone: 130,000 users across Africa

Students who took the online courses in the wake of Covid-19 in Africa said learning or honing digital skills helped them advance their careers.

SEC, AfDB Commence Implementation of Risk-based Supervision Project

“The envisaged activities also include capacity building on prudential risk-based supervision approach including the development or update of relevant risk matrices and models for data analysis and interpretation as well as expansion of existing AML

Mauritius makes key amendments to its Securities Act

On 31 July 2021, Mauritius published the Securities (Amendment) Act 2021, which brought about several key changes to the Securities Act 2005.

S. Africa’s ANC Raises Alarm Over Deputy President’s Health: FT

The party’s National Working Committee discussed Mabuza’s prolonged absence once he returned to South Africa

RBZ negotiates US$150m African bank deal

The move, explained Dr Mangudya, has reduced the country’s repayment burden and unlocked capacity to avail more resources for balance of payments support to the economy.

Butterfield closes banking unit in Mauritius and transfers to Guernsey

Among the factors stated for the decrease were redundancy costs associated with the transfer of Channel Islands banking operations from Mauritius to Butterfield's service centre in Canada and Guernsey.

Mauritius: National Payment Systems Regulations - Key Features

The Regulations are being issued two years after the promulgation of the National Payment Systems Act 2018 (NPS Act) in January 2019.

Carrick CEO fined over previous role at deVere South Africa

He has been ordered to pay ZAR 800,000

Investec has not made an unconditional commitment to fund Karpowership, says CEO

Investec has previously funded Karpowership in other countries in Africa. But Titi said the guarantee that the bank gave the company for the SA bid was simply a banking product that Investec provides "in the ordinary course of business".

Government taking steps towards basic income grant for South Africa: minister

Caregivers who are not receiving any grant on their own behalf will also have to apply for the special Covid-19 Social Relief of Distress Grant.

Crypto players form association to handle bad actors, regulations

"The occurrence and subsequent reporting of which not only damages the reputation of the sector as a whole but also has a dramatic effect on investor confidence and ultimately discourages further adoption of crypto assets and related products and ser

Regulation,Tax & Compliance