05/11/2022
Auditing watchdog sounds alarm about accounting standards in SA
"In the absence of such a body, there is a risk that there is self-regulation happening in the country, where interpretation of accounting standards is done by the private sector itself, which is such a risk,"
05/09/2022
The southern African country reintroduced a local currency in 2019 after abandoning it in 2009 when it was hit by hyperinflation
05/04/2022
Under the current regulations, a person is considered an ‘older person’ from 65 as a man and from 60 as a woman.
04/29/2022
The publication went ahead to mention the names of certain Wema Bank management staff to be allegedly involved in the said transaction.
04/28/2022
Stanchart’s staff costs declined to Sh6.5 billion in the year ended December from Sh7.8 billion a year earlier as it benefitted from the cumulative cost cuts.
04/28/2022
The bank’s total assets also increased by 1.4 per cent from N492.3 billion in 2020 to N499.2 billion in 2021.
04/27/2022
This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F
04/27/2022
Kenya will access $244 million, bringing the total IMF support in a 38-month financing facility to $1.17 billion under the Extended Fund Facility (EFF) and Extended Credit facility (ECF).
04/27/2022
Combined caseloads from the International Centre for Settlement of Investment Disputes (ICSID) that involve at least one party from a sub-Saharan African state have also risen, nearly tripling.
04/26/2022
Andorra, Macau (China) and Tunisia ensure that MAP agreements can always be implemented notwithstanding domestic time limits.
04/26/2022
There are historical links between Jersey and South Africa, too.
04/25/2022
Project Khokha 1 examined the use of blockchain for interbank settlements by successfully replicating some functions of the South African real-time gross settlement (RTGS) system on blockchain.
04/25/2022
The Bank has already engaged its solicitors to institute appropriate l0egal action.
04/22/2022
Financial institutions interested in obtaining payment services including ACH, cash, check and wires can open an account or receive services from the Federal Reserve.
04/21/2022
She hailed Acting Commissioner for Economic Development Joseph Enyimu for his presentation, that hall all the elements often missing when our economic ambassador address audiences abroad.
04/19/2022
She dissected the pension industries and shared strategies necessary for improving the business of pension in the domestic market.
04/18/2022
The CBN by regulation forces banks to retain up to 27.5 per cent of their deposits in CRR requirement, meaning that the deposits are not accessed by the banks for loans and advances.
04/18/2022
The Treasury previously slashed the budget for the NMS in the current financial year signalling an end of the short tenure of the entity.
04/18/2022
The publication of the regulations to back the agency’s operations and the setting up of its board last year set the stage for its formal launch
04/13/2022
The court then explored what the standard was to be applied in determining an application for condonation and stated that it is settled law that the standard to be applied is what is in the interests of justice which is “a wide and elastic concept&a