Managers of Wealth Africa

Bad day in home foreclosure court for Nedbank and its lawyers

Lawyers referred to Legal Practice Council for misleading the court.

High Court of South Africa develops common law to address jurisdiction over foreign entities

This judgment marks a significant development in South African common law

Two new laws coming for South Africa

The Minister of Justice and Constitutional Development, Mmamoloko Kubayi, has introduced the International Co-operation in Criminal Matters Amendment Bill to parliament.

EFCC secures conviction of five Internet fraudsters in Kwara

They were arraigned on separate charges before the courts by the EFCC.

Court orders forfeiture of assets linked to bank fraud

The judge gave the order in an application filed by the Economic and Financial Crimes Commission (EFCC).

N17.8bn debt: Court freezes Afex commodities’ bank accounts

The court restrained the banks listed as garnishees from tampering with, transferring, or placing any encumbrance on the affected accounts, all of which are linked to Afex’s Bank Verification Numbers.

Serious implications for anyone trading bitcoin and other crypto assets in South Africa

The client in question had engaged in a significant number of cryptocurrency transactions prior to its liquidation, acquiring bitcoin on local exchanges and transferring it to foreign exchanges.

Banks sued for selling repossessed homes for R1,000, and Eskom’s days are numbered

Analysts predict continued volatility in oil prices as traders await Iran’s response.

Court declares Absa’s accounting in ‘disarray’, dismisses attempt to attach property

Says no to application for summary judgment – and the matter ‘could have been solved by mediation’.

Access Bank Asks Court to Freeze MTN’s Assets over Alleged N181bn Debt

While acknowledging the strength of the plaintiffs’ case, Justice Aluko declined to grant the requested orders outright.

Nigerian Court to Rule on Future of National Biometric Banking System

The outcome could have lasting implications for biometric banking security and data governance in Nigeria’s financial ecosystem.

Access Bank faces charges over alleged diversion of N826 million

The charges followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

UBA moves to join suit challenging IBEDC sale

The plaintiff also alleged conflicts of interest and is demanding specific performance of the agreements, recognition by CAC, and N100m in general damages.

Norton Rose Fulbright South Africa director Rudolph du Plessis joins The Legal 500 Hall of Fame

This honour is awarded to individuals who have received consistent praise from clients and peers for their continued excellence and leadership in their respective fields.

Court orders 54 banks to return N9.3bn stolen by hackers

The stolen funds—amounting to over N9.3bn—were then dispersed across accounts in 54 financial institutions.

Meta faces FTC trial with Instagram, WhatsApp breakup at risk

The FTC argues that Meta’s purchases of Instagram and WhatsApp are ‘killer acquisitions’.

Draft bill still contains Vat increases over next two years

The parties that voted in favour of the fiscal framework will have realised this by now

Botswana sends strong anti-corruption message with recent audit announcement

The president emphasised the need for an independent and reputable international firm to conduct the audit, ensuring the highest standards of competence and ethical integrity.

FirstRand CEO Mary Vilakazi on UK court battle and strong earnings

Case will be argued by an ’eminent’ King’s Counsel, supported by a strong UK legal team.

Baker McKenzie Named African Banking & Finance Legal Adviser of the Year

This marks the fourth time in five years that Baker McKenzie has clinched this prestigious title.