06/23/2025
SARS announces eFiling change for tax season 2025
SARS said that the update aligns with its strategic objectives to provide modernised and streamlined services
Regulation,Tax & Compliance
06/20/2025
Bank customers petition CBN over excess charges
This disclosure comes amid an increase and a migration to the end-user billing model for unstructured supplementary service data from charges being deducted from bank account balances
06/19/2025
Warning for interest rates in South Africa
The MPC has cut interest rates by a cumulative 100 basis points since September 2024, with average inflation now believed to be firmly in the target range of 3% to 6%.
06/19/2025
South African inflation steady as central bank pushes for lower target
The finance minister would need to sign off on changing the inflation target, but discussions are at an advanced stage, Governor Lesetja Kganyago said last month.
06/18/2025
Reserve Bank unlawfully interfered in Absa chair appointment, says court
Costs were awarded against the respondents, Absa and the PA.
06/17/2025
SEC eyes cross-border trade with stablecoin framework
This approach is designed to foster trust and transparency in the digital assets’ ecosystem, moving beyond mere speculation to support real-world economic activities.
06/17/2025
In CBN’s Return to Orthodoxy, FirstHoldco Faces $887m Exposure
The policy had already posed concerns for financial institutions, such as FirstHoldco, with significant forbearance-linked assets.
06/17/2025
African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity
The project is the country’s first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at scale.
06/17/2025
New and easy fix to prevent financial fraud
SkyQR has caught thousands of fraud attempts and prevented the loss of more than R2.5bn since 2020.
06/17/2025
Investec launches multi-currency account for globally connected citizens
The offering enables Investec Private Bank clients to hold, manage and transact in dollars, pounds and euros – all through a single, integrated card.
06/16/2025
Access Bank Takes Over Standard Chartered Bank After 130 Years of Operations
According to The Standard, a Gambian tabloid, the apex bank boss said Access Bank will be another big bank with strong financial muscles to help finance the economic activities in The Gambia.
06/16/2025
BoG reviews policy on problem assets to address liquidity risks, threat to financial stability
The Board of an RFI shall have overall responsibility for approving and periodically (at least annually) reviewing the credit risk management strategy and policies of the RFI”, it pointed out.
06/16/2025
African Development Bank Concludes Strategic High-Level Mission to Ghana, Identifies Five Key Areas for Transformational Partnership
The Bank expressed strong enthusiasm for Ghana's 24-Hour Economy concept
06/12/2025
G20 Financial Architecture Working Group Convenes in South Africa to Advance Global Development Bank Reform
One of the central points on the agenda is the monitoring and reporting framework for the roadmap, a critical mechanism to track how MDBs are aligning their operations with evolving global priorities.
06/11/2025
Major international bank seals exit from South Africa
“This will ensure that the transferred HSBC clients will have ongoing access to corporate and investment banking services in South Africa,” the group said.
06/11/2025
HSBC finalises sale of SA unit to FirstRand
The deal is expected to be completed by end-October 2025.
06/10/2025
Win for the rand and petrol prices in South Africa
This is an overall stronger position than recent sessions, primarily driven by weakness in the greenback, rather than any local strength.
06/10/2025
Audit flop: Nigeria forfeits $4m from World Bank loan
The fund formed part of the $103m Fiscal Governance and Institutions Project, a public financial management initiative financed through a credit facility from the International Development Association.
06/10/2025
Fraudsters demanding money from investors, NNPC warns
These actions are unauthorised and illegal.
06/09/2025
Bank of Ghana directs banks to review pricing model for customers
The Governor announced that the central bank will cap Optional Issuer Fees on cross-currency card transactions at 2 per cent.