08/25/2021
Afarak Group, Absa Bank Settle Dispute
Afarak said at the time that Afarak Mogale had entered into business rescue process during the summer and hadn't been allowed to pay its debts during these proceedings.
Regulation,Tax & Compliance
08/25/2021
Treasury to overhaul pension fund system
But it says it doesn’t support the DA’s private member’s bill proposing pension funds be leveraged as surety for a home loan.
08/23/2021
Mozambique Receives Today US$305.9 Million from IMF ‘Capital Increase’
Developing countries and emerging markets will receive $275 billion of the total, IMF Managing Director Kristalina Goergieva said on 2 August at the Fund’s board approval of the issuance.
08/23/2021
Dodgy deals by executives put a stamp of uncertainty on Postbank’s transition
The executives are implicated in dodgy Postbank contracts with a value of about R320-million, spanning the next three years.
08/23/2021
East Africa’s Pesapal Can Operate In Kenya, Tanzania After Getting Approvals
Given the growth of mobile commerce transactions in this region, this license reinforces Pesapal’s objective to offer affordable, innovative and easy-to-use solutions for small businesses and consumers alike.
08/20/2021
South Africa eyes national social security fund
All employers and employees will be obliged to ‘initially contribute 8-12% of qualifying earnings’
08/20/2021
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.
08/19/2021
Namibia: Fic Sets Ball Rolling On Unexplained Wealth
Dunn said the legislation will give appropriate law enforcement agencies the power to pursue UWOs.
08/18/2021
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.
08/18/2021
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.
08/18/2021
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
08/17/2021
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.
08/12/2021
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
08/12/2021
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.
08/12/2021
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.
08/12/2021
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
08/10/2021
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.
08/09/2021
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
08/09/2021
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.
08/09/2021
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.